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2019-11-20

Bong AB: Redeye: Bong - Solid growth in Light Packaging

Bongs Q3-numbers were slightly better than we anticipated. Light
Packaging is showing solid growth of 7 percent Y/Y (Fx-adjusted).
Envelope sales were however down 9 percent (Fx-adjusted), which is no
surprise and basically in line with the general market trend. Gross
margins recovered a little compared to the previous quarter while
SG&A were stable. EBIT: SEK 7 million is lower Y/Y but higher Q/Q
(and just above our estimate: SEK 3m).

Read more and download the Research Update: http://bit.ly/2QzrEpu

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This is a press release from Redeye - Research Powered Investment
Banking. https://www.redeye.se/about/

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https://news.cision.com/se/bong-ab/r/redeye--bong--solid-growth-in-light...

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