Releases - BONG LJUNGDAHL

INTERIM REPORT JANUARY-SEPTEMBER 2003

· NET TURNOVER AMOUNTED TO MSEK 1,448 (1,610)
· THE RESULT AFTER TAX WAS A LOSS OF MSEK 78 ( LOSS 19 )
· THE LOSS PER SHARE AMOUNTED TO SEK 5.96 (LOSS 1.88 )
· THE RESULT AFTER NET FINANCIAL ITEMS FOR THE THIRD QUARTER WAS
A LOSS OF MSEK 20 (LOSS 28)
· THE CASH FLOW AMOUNTED...

Sales and Marketing Director and Vice President Anders Davidsson to be
new President of Bong Ljungdahl AB

Director of Sales and Marketing and Vice President Anders Davidsson is
to succeed President and CEO Lennart Pihl, who will be leaving Bong
Ljungdahl in the new year after six years' service.

Anders Davidsson moved to Bong almost two years ago from McKinsey, where
he had...

INTERIM REPORT JANUARY-JUNE 2003

· MARKET CONTINUES WEAK WITH TOUGH PRESSURE ON PRICES
· OPERATING LOSS OF MSEK -26*) (18)***)
· CASH FLOW OF MSEK 13**) (108)****)
· NEW ACTION PROGRAM WITH POSITIVE ANNUAL EFFECT OF APPROX. MSEK
100


Millions of Swedish kronor (MSEK) Q2 Q2 Q1-2 Q1-2
...

With the object of concentrating its business units in England, Bong is
selling its industrial property in Milton Keynes. About MSEK 30 of the
total sales price of about MSEK 37 has been received, while payment of
the remaining amount is conditional on certain official approvals being
obtained.

In the event of full payment, the sale will give rise to a capital gain
of about 9...

INTERIM REPORT JANUARY-MARCH 2003

· ECONOMIC CONDITIONS STILL WEAK AND PRICES UNDER INTENSE PRESSURE

· OPERATING LOSS OF MSEK 3 (profit 23*)

· CASH FLOW OF MSEK 8 (55**)

· APPROVED STRUCTURING AND COST-REDUCTION PROGRAMMES COMPLETED AS
PLANNED

· SALES COMPANY SET UP IN FRANCE



Further information may be obtained from Bong...

YEAR-END RELEASE JANUARY - DECEMBER 2002


·CONTINUED RECESSION AND WEAKER MARKETS HAVE PULLED RESULTS DOWN

·OPERATING LOSS*) AMOUNTED TO SKr 20 MILLION (40)

·CASH FLOW IMPROVED BY SKr 202 MILLION AND AMOUNTED TO
SKr 170 MILLION

·SKr 30 MILLION OF STRUCTURING AND COST-REDUCTION PROGRAMME WITH
ANNUAL EFFECT OF SKr 35 MILLION COMPLETED

·WRITE-DOWN...

With immediate effect, a number of organizational changes are
implemented in the Bong organisation to create a better platform for
improved productivity and profitability.

The present operative structure based on divisions is dismantled and a
number of geographic profit centres will report directly to corporate.

The current "Northern Division" is divided into one Scandinavian and...