Interim report January-March 2008

Interim report January-March 2008

“The year got off to a good start and we are now beginning to see the positive
earnings effects of our restructuring programmes and price increases” says
Bong's President and CEO Anders Davidsson. “I am most satisfied with the strong
cash flow, but efforts to reduce working capital have borne fruit fast.”

•	Net sales for the first quarter amounted to SEK 526 million (540), of which
the now discontinued Bong Polska accounted for SEK 0 million (10).

•	Bong's ProPac packaging venture showed continued rapid growth and made up
approximately 11 per cent of the Group's total sales for the quarter (9).

•	Operating profit improved to SEK 28 million (24) and profit after tax totalled
SEK 12 million (9). Earnings per share after dilution were SEK 0.88 (0.65).

•	Cash flow after investing activities was SEK 51 million (-79). The Group's
working capital was further reduced.  

•	The envelope factory in Tampere was closed according to plan during the first
quarter.


Bong is a European leading envelope- and packaging company and offers solutions
for distribution and packaging of information, advertisements and lightweight
goods. The Group has strong growth in their new line of packaging solutions
ProPac and in Russia, where own production and sales office recently have been
established. The Group has annual sales of approximately SEK 2 billion, some
1,300 employees in Sweden, Norway, Denmark, Finland, Estonia, Latvia, Lithuania,
UK, Netherlands, Belgium, Germany, Poland and Russia. Bong has a very strong
market position, particularly in Northern Europe, and the Group sees attractive
opportunities for further expansion and development. Bong is a publicly listed
company and its shares are quoted on the OMX Nordic Stock Exchange Stockholm.