Year-End report 2008

Year-End report 2008

“We ended the year with a very strong cash flow in the fourth quarter” says
Bong's President and CEO Anders Davidsson. “It is satisfying to see how the
entire organisation has started adjusting to new routines to reduce our working
capital.” 

•	Net sales are reported at SEK 1,937 million (1,991) for the full year 2008 and
SEK 508 million (518) for the fourth quarter.

•	Bong's ProPac packaging line showed continued rapid growth and accounted for
SEK 238 million (200) of the Group's total sales in 2008.

•	 Operating profit for 2008 improved to SEK 74 million (60) and profit after
tax was SEK 10 million (16). Diluted earnings per share amounted to SEK 0.78
(1.17). Operating profit for the fourth quarter was SEK 20 million (25). 

•	Cash flow after investing activities for 2008 was very strong and amounted to
SEK 144 million (1), mainly due to a reduction in the Group's working capital by
SEK 108 million. For the fourth quarter, cash flow after investing activities
was SEK 87 million (39).

•	On 31 December Bong raised its holding in the German envelope printer Lober
from 50% to 70%.

•	The Board of Directors proposes a dividend of SEK 1 per share (1) for the
financial year 2008.


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 a leading European provider of specialised packaging and envelope
products 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).