Bong: Q2’21, First comment - Redeye

Redeye was hoping for slightly stronger earning numbers in the second quarter. Bong’s gross margins have been more squeezed by higher raw material costs than we anticipated. The company recently announced general price increases, and expects margins to be restored as the price increases feed through. We believe 2021 will be a bit bumpy, and weaker in terms of earnings than previously expected. But we are still optimistic on the back of continued solid growth for light packaging products.

https://www.redeye.se/research/817130/bong-q221-first-comment?utm_source=finwire&utm_medium=RSS