Bong: A couple of bright spots in Q4
Research Note
2021-02-11
14:56
Redeye’s estimates were very much in line with Bong’s aggregated Q4-numbers. We note encouraging gross margins and Light Packaging sales. This is however balanced by higher SG&A costs and earnings (excluding goodwill amortization) were virtually as expected. We remain cautiously optimistic on Bong’s prospects for a gradual recovery in 2021.
HA
VW
Henrik Alveskog
Viktor Westman
Disclosures and disclaimers