Interim Report January-March 2015

We expect the envelope market to continue to decrease in 2015. The market
conditions remain challenging and the recent tensions on paper prices and
exchange rate turbulences makes it necessary for Bong to pass on price increases
to the market. Within a few months we will have finalised our ambitious
restructuring program in order to increase our efficiency and to provide our
customers with the service level they expect from us. We see many growth
opportunities within light packaging and in Eastern Europe. Despite tough market
conditions and substantial cash outflow for non-recurring items Bong showed a
positive cash flow and a positive adjusted EBIT for the first quarter 2015, says
Bong’s CEO Stéphane Hamelin.
January – March 2015

  · Net sales decreased with 3.5 percent to SEK 639 million (662)
  · Adjusted EBIT increased to SEK 15 million (1)
  · Non-recurring items amounted to SEK -17 million (-45)
  · EBIT improved to SEK -2 million (-44)
  · Earnings after tax amounted to SEK -20 million (-45)
  · Earnings per share amounted to SEK -0.13 (-0.28)
  · Cash flow after investing activities SEK 4 million (-7)

This information is of the kind that Bong AB (publ) are obliged to publish
pursuant to the securities market act and/or the act on trade with financial
instruments. The information was given for publication at 12.30 pm on 20 May
2015.

Bong is one of the leading providers of specialty packaging and envelope
products in Europe and offers solutions for distribution and packaging of
information, advertising materials and lightweight goods. Important growth areas
in the Group are packaging within retail and e-commerce and the envelope market
within Eastern Europe. The Group has annual sales of approximately SEK 2.5
billion and about 1,800 employees in 16 countries. Bong has strong market
positions in most of the important markets in Europe and the Group sees
interesting possibilities for continued expansion and development. Bong is a
public limited company and its shares are listed on NASDAQ Stockholm (Small
Cap).
For further information, please contact Håkan Gunnarsson, CFO for Bong AB. Tel
(switchboard) 46 44-20 70 00