Bong AB increased Q3 2014 revenue by 1.0% to SEK 601 million

Nov 13, 2014. /Lesprom Network/. Bong AB, provider of specialized packaging and envelope products, increased Q3 2014 revenue by 1.0% to SEK 601 million, operating loss reduced to SEK 9.4 million.

“The implementation of Bong’s large restructuring program is proceeding according to plan and we now see a positive cash flow. We are now accelerating the pace to further reduce our costs. The restructuring program will increase the capacity utilization in the most efficient factories in the Group and will not affect the service level which will still be over indu­stry standard.” says Stéphane Hamelin, Bong’s Presi­dent and CEO.

Bong is a provider of specialized packaging and envelope products in Europe, offering solutions for distribution and packaging of information, advertising materials and lightweight goods. Important growth areas in the Group are the Propac packaging concept and Eastern Europe. The Group has annual sales of approximately SEK 2.5 billion and about 1,900 employees in 15 countries. Bong has strong market positions in the majo­rity of key 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 OMX Stockholm Small Cap.