Bong
Bong: Declining top-line calls for action (Redeye)
2019-07-17 07:30
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.
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Redeye AB - Redeye.se