Bong Interim report January-September 2008

Bong Interim report January-September 2008

“Despite slower demand, we delivered a significant improvement in earnings
compared to the previous year,” says Bong's President and CEO Anders Davidsson.
“We are continuing our strenuous efforts to free up working capital and develop
growth areas with higher value added, such as ProPac.”

•	Net sales for the first nine months of 2008 are reported at SEK 1,429 million
(1,474). On a like-for-like basis and at fixed exchange rates, net sales for the
same period of 2007 amounted to SEK 1,433 million.

•	Bong's ProPac packaging venture showed continued rapid growth and made up 13%
(10) of the Group's total sales for the third quarter.

•	Operating profit for the nine-month period improved to SEK 54 million (35) and
profit after tax was SEK 12 million (-4). Diluted earnings per share amounted to
SEK 0.91 (-0.27).

•	Cash flow after investing activities for the nine-month period was SEK 57
million (-38).

•	In response to declining demand, 46 employees in Germany and Scandinavia were
made redundant in the third quarter and two envelope machines were sold.
Parallel to this, Bong has adapted its inventories and production levels. The
net cost of these measures amounted to approximately SEK 5 million, all of which
was recognised in the third quarter. 


For additional information, please contact Anders Davidsson, President and CEO
of Bong Ljungdahl AB. Telephone (switchboard) +46 (0)44 20 70 00, (direct) +46
(0)44 20 70 80, (mobile) 
+46 (0)70 545 70 80.

Bong is one of Europe's leading envelope companies and offers solutions for
distribution and packaging of information, advertising materials and lightweight
goods. Two strong growth areas in the Group are the new ProPac packaging concept
and Russia, where Bong has recently established its own manufacturing facility
and sales organisation. The Group has annual sales of approximately SEK 2
billion and some 1,200 employees in Sweden, Norway, Denmark, Finland, Estonia,
Latvia, Lithuania, the UK, the Netherlands, Belgium, Germany, Poland and Russia.
Bong has a 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 (the Stockholm Stock Exchange).