Specialised packaging and envelope Bong reported a strong recovery during the first quarter with net sales of SEK 816 million. During the quarter it acquired the remaining 55% stake in British company Packaging First Ltd and remaining 30% stake in Lober Druck & Kuvert GmbH
“The first quarter of 2012 was characterised by a strong recovery after the difficult fourth quarter of 2011. Improved margins and lower fixed costs contributed to a significant improvement in performance” says Bong President and CEO Anders Davidsson. “Now we are intensifying our efforts to raise productivity in order to ensure long-term competitiveness and profitability.”
Bong has about 2,300 employees in 15 countries and is in a strong market positions in the majority of key markets in Europe, and the Group sees interesting possibilities for continued expansion and development.