Sales dropped sharply in the second quarter, putting pressure on gross margins and sending EBIT back into red numbers. Adjusted for currency effects, sales decreased approximately 10 percent and even a bit more for envelope products. On a more positive note paper prices are now softer. Bong should have a good opportunity to catch up and regain some margins that was lost during the last couple of years.
Read more and download the Research Update: http://bit.ly/2GeCf3e
Start following companies at Redeye to receive the latest equity research within Life Science and Technology.
This is a press release from Redeye - Research Powered Investment Banking. https://www.redeye.se/about/