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Bong Q3’21: Initial take - Redeye

Redeye is happy to see a rather stable performance in the third quarter, despite challenging market conditions. Bong appears to manage the situation with rising raw material costs well. Light Packaging only showed modest sales growth in Q3, partly due to de-stocking. However, Bong’s outlook for the segment remains positive. After recent refinancing of the bond, interest payments will be significantly reduced in the coming years. On balance, we will probably only make minor changes in our forecasts.

Redeye is happy to see a rather stable performance in the third quarter, despite challenging market conditions. Bong appears to manage the situation with rising raw material costs well. Light Packaging only showed modest sales growth in Q3, partly due to de-stocking. However, Bong’s outlook for the segment remains positive. After recent refinancing of the bond, interest payments will be significantly reduced in the coming years. On balance, we will probably only make minor changes in our forecasts.
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