Redeye is encouraged by Bong’s performance in the second quarter. Massive price increases have restored some of the gross margin and more is likely to feed through in Q3. Light Packaging continues to show impressive growth, beating our expectations again. We have made some upward adjustments to our near-term forecasts which have a positive impact on our valuation.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/