Bong (BONG) investor relations material

Executive summary

• Net sales declined year-over-year to SEK 837 million for January–June 2026, with Q2 sales at SEK 393 million, reflecting ongoing market and pricing pressures.

• Operating profit fell to SEK -2 million for H1 2026 and SEK -12 million for Q2, with net losses widening to SEK -26 million and SEK -24 million, respectively.

• The company is accelerating its transition from envelopes to light packaging, supported by a SEK 63.4 million capital increase.

Financial highlights

• H1 2026 net sales: SEK 837 million (down from SEK 907 million year-over-year); Q2 net sales: SEK 393 million (down from SEK 419 million year-over-year).

• H1 operating profit: SEK -2 million (9 million prior year); Q2 operating profit: SEK -12 million (-4 million prior year).

• H1 net result: SEK -26 million (-17 million prior year); Q2 net result: SEK -24 million (-17 million prior year).

• Cash flow from operating activities: SEK 3 million for H1 (47 million prior year); SEK -3 million for Q2 (25 million prior year).

• Gross margin slightly lower for H1, slightly better for Q2 compared to prior year.

Outlook and guidance

• The company expects continued challenges in the envelope market due to digitalization and high input costs.

• Strategic focus remains on expanding light packaging to reach 50% of total sales, with ongoing cost adaptation and capacity shifts.