Last kr1.35 SEK
Change Today 0.00 / 0.00%
Volume 0.0
BONG On Other Exchanges
Symbol
Exchange
Stockholm
As of 11:29 AM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

bong ab (BONG) Snapshot

Open
kr1.24
Previous Close
kr1.35
Day High
kr1.39
Day Low
kr1.24
52 Week High
05/13/13 - kr5.15
52 Week Low
03/12/14 - kr1.21
Market Cap
211.5M
Average Volume 10 Days
53.3K
EPS TTM
kr-3.40
Shares Outstanding
156.7M
EX-Date
05/22/14
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BONG AB (BONG)

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bong ab (BONG) Details

Bong AB (publ) provides envelopes, packaging materials, and gift bags for online and offline businesses, professionals, and retailers. The company offers solutions for distribution and packaging of information, advertising material, and lightweight goods. It provides Propac packaging products; Tyvek non-woven polyethylene material for mailing and packaging applications; packaging materials for e-business products; ready-made retail gift and packaging products, such as bags, tags, ribbons, and gift wraps; and packaging materials and machinery. The company also designs and prints mailing materials comprising traditional envelope format, as well as three-dimensional packages with flaps, windows, folds, and cut-outs. It has operations in Sweden, Norway, Denmark, Finland, Estonia, Latvia, the United Kingdom, the Netherlands, Belgium, Germany, France, Poland, Spain, and Russia. The company was formerly known as Bong Ljungdahl AB (publ) and changed its name to Bong AB (publ) in October 2010. Bong AB (publ) was founded in 1737 and is headquartered in Malmö, Sweden.

1,961 Employees
Last Reported Date: 02/13/14
Founded in 1737

bong ab (BONG) Top Compensated Officers

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Executives, Board Directors

bong ab (BONG) Key Developments

Bong AB (publ) Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013 and Parent Earnings Results for the Full Year Ended December 31, 2013; Reports Goodwill Impairment for Fourth Quarter of 2013

Bong AB (publ) reported consolidated earnings results for the fourth quarter and full year ended December 31, 2013 and parent earnings results for the full year ended December 31, 2013. For the quarter, the company reported net sales of SEK 664 million compared to SEK 762 million a year ago. Operating loss was SEK 14 million compared to SEK 22 million a year ago. Loss after tax was SEK 18 million or SEK 0.12 per share compared to SEK 44 million or SEK 2.54 per share a year ago. Net debt as on December 31, 2013 was SEK 802 million compared to SEK 1,005 million as on December 31, 2012. Loss before tax was SEK 32.4 million against SEK 41.7 million year ago. Cash flow from operating activities was SEK 22.2 million against SEK 66.0 million a year ago. Net loss for the year was SEK 18.2 million against SEK 44.0 million a year ago. For the year, the company reported net sales of SEK 2,563 million compared to SEK 2,946 million a year ago. Operating loss was SEK 109 million compared to operating earnings of SEK 15 million a year ago. Loss after tax was SEK 141 million or SEK 2.20 per share compared to SEK 55 million or SEK 3.20 per share a year ago. Loss before tax was SEK 176.2 million against SEK 56.4 million year ago. Cash flow used in operating activities was SEK 63.1 million against SEK 1.7 million a year ago. Net loss for the year was SEK 140.6 million against SEK 55.3 million a year ago. Diluted cash flow used in operating activities per share was SEK 0.34 against SEK 0.09 a year ago. For the year, on the parent basis, the company reported revenue of SEK 21.0 million compared to SEK 38.1 million a year ago. Operating loss was SEK 21.1 million compared to SEK 23.0 million a year ago. Loss was SEK 21.4 million compared to profit of SEK 2.2 million a year ago. The company reported goodwill impairment of SEK 12 million for the fourth quarter of 2013.

Bong AB (publ), 2013 Earnings Call, Feb 13, 2014

Bong AB (publ), 2013 Earnings Call, Feb 13, 2014

Bong AB (publ) Reports Consolidated Earnings Results for the Third Quarter and Nine Months and Parent Earnings Results for the Nine Months Ended September 30, 2013

Bong AB (publ) reported consolidated earnings results for the third quarter and nine months and parent earnings results for the nine months ended September 30, 2013. For the quarter, on consolidated basis, the company reported net sales of SEK 595 million compared with SEK 656 million for the same period last year. Operating loss was SEK 28 million compared with operating earnings of SEK 26 million for the same period last year. Loss before tax was SEK 43 million against result before tax of SEK 9 million last year. Loss after tax was SEK 47 million compared with earnings after tax of SEK 7 million for the same period last year. Basic and diluted loss per share was SEK 0.73 compared with earnings per diluted share of SEK 0.38 for the same period last year. Cash used in operating activities was SEK 2.0 million against SEK 50 million last year. Exchange rate fluctuations had an impact on sales of SEK 11 million. Operating result was lower mainly due to lower envelope volumes and lower gross margin as an effect of pricing pressure on the envelope market and lower sales of gift bags. The effects of the structural measures that have already been implemented are expected to reach full impact in the fourth quarter of 2013. Operating result in the third quarter was also negatively affected by two extraordinary events: the buyer of Bong's industrial property in Belgium did not fulfill the agreement, which meant that capital gains of about SEK 5 million posted in the second quarter had to be reversed, with an impact on third quarter earnings of SEK 5 million; in connection with the merger of two smaller legal entities in the UK (Image and Nova) an impairment charge was taken for related goodwill that reduced earnings by SEK 4 million. Adjusted for these extraordinary events, the operating result for the third quarter was slightly better than the second quarter. For the nine months, on consolidated basis, the company reported net sales of SEK 1,899 million compared with SEK 2,184 million for the same period last year. Operating loss was SEK 96 million compared with operating earnings of SEK 37 million for the same period last year. Loss before tax was SEK 144 million against SEK 15 million last year. Loss after tax was SEK 122 million compared with SEK 11 million for the same period last year. Loss per basic and diluted share was SEK 3.72 compared with SEK 0.61 for the same period last year. Net debt was SEK 844 million against SEK 1,005 million at December 31, 2012. Cash used in operating activities was SEK 85.2 million against SEK 68 million last year. The main reason for the drop in sales is the downturn in the envelope market, which resulted in both lower volumes and pricing pressures and had a negative impact on Bong's gross earnings. In addition, exchange rate fluctuations had an impact on sales of SEK 49 million during the period compared with 2012. For the nine months, on parent basis, revenue was SEK 20 million against SEK 26 million last year. Operating loss was SEK 16 million against SEK 15 million last year. Loss was SEK 30 million against profit of SEK 22 million last year. Net loss after tax was SEK 23 million against net profit after tax of SEK 19 million last year.

 

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