Business News

Bong AB: Interim Report

Thursday 17. February 2011 - January - December 2010

“The merger with Hamelin’s envelope business is progressing according to plan,” says Bong’s President and CEO Anders Davidsson. “The energy level is high in the entire company and the first synergistic effects are beginning to appear. We are now dedicating our efforts to continuing to grow together with our customers.”
October- December 2010
• Net sales of 939 MSEK (513) +83%
• ProPac sales of 157 MSEK (83) +89%
• Estimated synergies from the Hamelin merger 90-100
MSEK after two years (10 MSEK higher than earlier estimate)
• Operating profit -106 MSEK (31), including costs related
to the merger with Hamelin’s envelope division and other
non-recurring items for a total of -136 MSEK
• Cash flow after investments of 42 MSEK (51), before
cash purchase and transaction costs associated with the
Hamelin merger of 302 MSEK
• Profit after tax of -86 MSEK (17)
• Earnings per share of -4.92 (1.29)
January-December 2010
• Merger with Hamelin’s envelope division completed
(consolidated as of October 2010)
• Net sales 2,326 MSEK (1,915) +21%
• ProPac sales of 390 MSEK (247) +58%
• Operating profit -91 MSEK (65), including costs related
to the merger with Hamelin’s envelope division and
other non-recurring items for a total of -157 MSEK
• Cash flow after investments of 25 MSEK (169), before
cash purchase and transaction costs associated with
the Hamelin merger of 302 MSEK
• Profit after tax of -97 MSEK (24)
• Earnings per share of -6.97 (1.65)