Year-end report January-December 2007

Year-end report January-December 2007

“An intensive effort to improve our margins bore fruit in the fourth quarter at
the same time that ProPac showed continued high growth. Another source of
satisfaction is that we once again delivered a strong cash flow” says Bong's
President and CEO Anders Davidsson.  

•	Net sales for the period January-December amounted to SEK 1991 million (1984)
and fourth quarter sales reached SEK 518 million (522). 
•	Adjusted operating profit was SEK 25 million (23) for the fourth quarter and
SEK 68 million (89) for the full year. Including one-time items, operating
profit was SEK 25 million (18) for the fourth quarter and SEK 60 million (40)
for the full year. Profit after tax for the full year was SEK 16 million (-1).

•	Diluted earnings per share for the period January-December were SEK 1.17
(-0.04).

•	Cash flow after investing activities for the fourth quarter is reported at SEK
39 million (33). For the period January-December, cash flow after investing
activities was SEK 1 million (-7). 

•	The large-scale restructuring activities following the factory closures in
Ireland, Germany and Poland were completed during the year. In Finland, the
transfer of production from Tampere to Kaavi will be completed in the first half
of 2008.

•	Growth in ProPac and Russia continued during the year. ProPac sales reached
SEK 200 million (165) and sales in the Russian market rose to SEK 49 million
(26). 

•	The Board of Directors proposes a dividend of SEK 1 (1) per share for the
financial year 2007.


Bong is one of Europe's leading envelope companies and offers solutions for
distribution and packaging of information, advertising materials and lightweight
goods. ProPac is Bong's product line for those seeking attractive and functional
packages. The Group has annual sales of approximately SEK 2 billion, some 1300
employees and an annual manufacturing capacity of around 15 billion envelopes at
its factories in Sweden, Norway, Denmark, Finland, Poland, Germany, Belgium, the
UK, Russia, Estonia and Lithuania. Bong has a very strong market position,
particularly in Northern Europe, and conducts sales and marketing in 13 European
countries through its own sales organisations. Bong is expanding rapidly in its
ProPac line of packaging solutions. 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 in Stockholm