Bong: Gross margins took a hit

Research Note

2020-07-15

14:38

Redeye is a bit surprised to see the sharp drop in gross margins. Q2 was however exceptional with sales declining by some 20%. Packaging is again showing good sales, but all-and-all we will probably need to adjust our estimates down for the group.

HA

VW

Henrik Alveskog

Viktor Westman

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