KRISTIANSTAD, Sweden, Feb. 16, 2005 (PRIMEZONE) -- Bong Ljungdahl AB:
-- The Group's positive earnings trend continued in the fourth
quarter and profit before tax reached MSEK 6 (-67). For the full
year, profit before tax amounted to MSEK 51 (-133) and profit
after tax to MSEK 33 (-139)
-- Profit for the full year was positively affected by one-time
items of MSEK 55. The adjusted result before tax was MSEK -4
(-90)
-- The Group's selective sales process with a focus on profitable
volumes continued in the fourth quarter, when net sales reached
MSEK 455 (460). Net sales for the full year 2004 totalled MSEK
1,807 (1,908)
-- Earnings per share for the full year amounted to SEK 2.51
(-10.71)
-- Cash flow after investing activities was MSEK 77 (31)
-- All units showed improved performance compared with 2003,
particularly in Germany
For additional information contact Anders Davidsson, Managing Director and CEO of Bong Ljungdahl AB. Telephone (switchboard) +46 (0)44 20 70 00, (direct) +46 (0)44 20 70 80, (mobile) +46 (0)70 545 70 80.
Bong is one of Europe's leading envelope companies. The Group has an annual turnover of approximately SEK 1.8 billion, some 1,400 employees and an annual manufacturing capacity of around 15 billion envelopes at its factories in Sweden, Denmark, Norway, Finland, Poland, Germany, Belgium, the UK and Ireland. Bong has a very strong market position, particularly in Northern Europe, and conducts sales and marketing in eleven European countries through its own sales organisations. The Group sees attractive opportunities for further expansion and development. Bong is a publicly listed company and its shares are quoted on the O list of the Stockholm Stock Exchange.
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