Brief: Bong Says In Q2 Market Demand In Paper Converting Industry Was Below Expectations

Bong AB

17/07/2023 14:59

July 17 (Reuters) - Bong AB  BOLJ.ST :
    * IN Q2 THE MARKET DEMAND IN THE PAPER CONVERTING INDUSTRY
WAS
BELOW OUR EXPECTATIONS
    * BUT WE EXPECT A HIGHER  DEMAND FOR LIGHT PACKAGING AND
ENVELOPES
ONLY AFTER EUROPEAN SUMMER VACATION
    * SITUATION AFTER Q2 IS ON A SIMILAR LEVEL AS IN 2022 EVEN
THOUGH 
THE MARKET DEMAND WAS NOT STRONG ENOUGH TO WORK AT FULL CAPACITY
IN OUR  EUROPEAN FACTORY NETWORK
    * HIGH ENERGY PRICES WERE SLIGHTLY COMING DOWN IN COMPARISON
TO 
Q1

Source text for Eikon:  ID:nWkr8Z4zlG 
Further company coverage:  BOLJ.ST 

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