Bong: Packaging making further progress
Research Update
2021-02-15
07:11
Redeye remains cautiously optimistic following Bong’s full year report. The Q4-numbers included better gross margins and Light Packaging revenues than expected. Packaging’s share of group sales is gradually increasing, paving the way for better profitability. We are only making minor changes to our forecasts and reiterate our base case valuation of SEK 0.8 per share.
HA
VW
Henrik Alveskog
Viktor Westman
Disclosures and disclaimers