New Risk • Jun 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.57m (US$9.79m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (€8.57m market cap, or US$9.79m). New Risk • Jun 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€10.7m market cap, or US$12.1m). Tillkännagivande • Jun 24
Bong AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 63.361517 million. Bong AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 63.361517 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 211,205,058
Price\Range: SEK 0.3
Transaction Features: Rights Offering Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Christian Paulsson was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • May 13
Bong AB (publ) to Report First Half, 2026 Results on Jul 15, 2026 Bong AB (publ) announced that they will report first half, 2026 results on Jul 15, 2026 Tillkännagivande • Apr 10
Bong AB (publ), Annual General Meeting, May 13, 2026 Bong AB (publ), Annual General Meeting, May 13, 2026, at 13:00 W. Europe Standard Time. Location: mangold fondkommission ab, nybrogatan 55, stockholm Sweden Tillkännagivande • Feb 11
Bong AB (publ) to Report Fiscal Year 2025 Final Results on Apr 22, 2026 Bong AB (publ) announced that they will report fiscal year 2025 final results at 12:00 PM, Central European Standard Time on Apr 22, 2026 Tillkännagivande • Jul 15
Bong AB (publ) to Report Nine Months, 2025 Results on Nov 05, 2025 Bong AB (publ) announced that they will report nine months, 2025 results on Nov 05, 2025 Tillkännagivande • May 15
Bong AB (publ) to Report First Half, 2025 Results on Jul 15, 2025 Bong AB (publ) announced that they will report first half, 2025 results on Jul 15, 2025 Tillkännagivande • Apr 14
Bong AB (publ), Annual General Meeting, May 14, 2025 Bong AB (publ), Annual General Meeting, May 14, 2025, at 13:00 W. Europe Standard Time. Location: at mangold fondkommission ab, nybrogatan 55, stockholm Sweden Reported Earnings • Nov 10
Third quarter 2024 earnings released: kr0.062 loss per share (vs kr0.007 loss in 3Q 2023) Third quarter 2024 results: kr0.062 loss per share (further deteriorated from kr0.007 loss in 3Q 2023). Revenue: kr455.8m (down 4.3% from 3Q 2023). Net loss: kr13.1m (loss widened kr11.7m from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Tillkännagivande • Nov 09
Bong AB (publ) to Report Nine Months, 2024 Results on Nov 07, 2024 Bong AB (publ) announced that they will report nine months, 2024 results on Nov 07, 2024 Reported Earnings • Jul 16
Second quarter 2024 earnings released: kr0.016 loss per share (vs kr0.024 loss in 2Q 2023) Second quarter 2024 results: kr0.016 loss per share (improved from kr0.024 loss in 2Q 2023). Revenue: kr455.6m (down 8.4% from 2Q 2023). Net loss: kr3.40m (loss narrowed 33% from 2Q 2023). Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Germany are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 11
Now 25% undervalued Over the last 90 days, the stock has risen 1.1% to €0.057. The fair value is estimated to be €0.076, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.8% to €0.06. The fair value is estimated to be €0.078, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Meanwhile, the company became loss making. Tillkännagivande • May 17
Bong AB (publ) to Report First Half, 2024 Results on Jul 15, 2024 Bong AB (publ) announced that they will report first half, 2024 results on Jul 15, 2024 Reported Earnings • Apr 28
Full year 2023 earnings released: kr0.022 loss per share (vs kr0.21 profit in FY 2022) Full year 2023 results: kr0.022 loss per share (down from kr0.21 profit in FY 2022). Revenue: kr2.09b (down 3.5% from FY 2022). Net loss: kr4.72m (down 111% from profit in FY 2022). Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Germany are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Tillkännagivande • Apr 26
Bong AB (publ) to Report Fiscal Year 2023 Final Results on Apr 24, 2024 Bong AB (publ) announced that they will report fiscal year 2023 final results on Apr 24, 2024 Reported Earnings • Feb 16
Full year 2023 earnings released: kr0.022 loss per share (vs kr0.21 profit in FY 2022) Full year 2023 results: kr0.022 loss per share (down from kr0.21 profit in FY 2022). Revenue: kr2.09b (down 3.5% from FY 2022). Net loss: kr4.70m (down 111% from profit in FY 2022). Revenue is expected to decline by 3.5% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Germany are expected to grow by 5.0%. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Nov 11
Bong AB (publ), Annual General Meeting, May 15, 2024 Bong AB (publ), Annual General Meeting, May 15, 2024. Reported Earnings • Nov 11
Third quarter 2023 earnings released: kr0.007 loss per share (vs kr0.083 profit in 3Q 2022) Third quarter 2023 results: kr0.007 loss per share (down from kr0.083 profit in 3Q 2022). Revenue: kr476.5m (down 9.5% from 3Q 2022). Net loss: kr1.40m (down 108% from profit in 3Q 2022). Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Germany are expected to grow by 4.9%. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jul 18
Bong AB (publ) to Report Nine Months, 2023 Results on Nov 09, 2023 Bong AB (publ) announced that they will report nine months, 2023 results on Nov 09, 2023 Reported Earnings • Jul 17
Second quarter 2023 earnings released: kr0.024 loss per share (vs kr0.042 profit in 2Q 2022) Second quarter 2023 results: kr0.024 loss per share (down from kr0.042 profit in 2Q 2022). Revenue: kr497.5m (down 3.8% from 2Q 2022). Net loss: kr5.10m (down 158% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 11
Bong AB (publ) to Report First Half, 2023 Results on Jul 17, 2023 Bong AB (publ) announced that they will report first half, 2023 results on Jul 17, 2023 Reported Earnings • Apr 20
Full year 2022 earnings released: EPS: kr0.21 (vs kr0.021 in FY 2021) Full year 2022 results: EPS: kr0.21 (up from kr0.021 in FY 2021). Revenue: kr2.16b (up 20% from FY 2021). Net income: kr44.1m (up kr39.7m from FY 2021). Profit margin: 2.0% (up from 0.2% in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: kr0.21 (vs kr0.021 in FY 2021) Full year 2022 results: EPS: kr0.21 (up from kr0.021 in FY 2021). Revenue: kr2.16b (up 20% from FY 2021). Net income: kr44.1m (up kr39.7m from FY 2021). Profit margin: 2.0% (up from 0.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Germany are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Chairman of the Board Christian Paulsson was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 12
Bong AB (publ), Annual General Meeting, May 10, 2023 Bong AB (publ), Annual General Meeting, May 10, 2023. Reported Earnings • Jul 19
Second quarter 2022 earnings released: EPS: kr0.042 (vs kr0.037 loss in 2Q 2021) Second quarter 2022 results: EPS: kr0.042 (up from kr0.037 loss in 2Q 2021). Revenue: kr517.1m (up 27% from 2Q 2021). Net income: kr8.80m (up kr16.7m from 2Q 2021). Profit margin: 1.7% (up from net loss in 2Q 2021). Over the next year, revenue is expected to shrink by 2.1% compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 13
First quarter 2022 earnings released: kr0.023 loss per share (vs kr0.042 profit in 1Q 2021) First quarter 2022 results: kr0.023 loss per share (down from kr0.042 profit in 1Q 2021). Revenue: kr519.9m (up 13% from 1Q 2021). Net loss: kr4.80m (down 154% from profit in 1Q 2021). Over the next year, revenue is expected to shrink by 2.7% compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Chairman of the Board Christian Paulsson was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 23
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Chairman of the Board Christian Paulsson was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr0.021 (up from kr0.31 loss in FY 2020). Revenue: kr1.80b (down 2.1% from FY 2020). Net income: kr4.40m (up kr69.5m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 1.2%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 14
Third quarter 2021 earnings released: kr0.01 loss per share (vs kr0.036 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: kr429.9m (up 2.1% from 3Q 2020). Net loss: kr2.20m (loss narrowed 71% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Breakeven Date Change • Jul 29
Forecast breakeven pushed back to 2022 The analyst covering Bong previously expected the company to break even in 2021. New forecast suggests the company will make a profit of kr28.0m in 2022. Average annual earnings growth of 108% is required to achieve expected profit on schedule. Reported Earnings • Jul 17
Second quarter 2021 earnings released: kr0.037 loss per share (vs kr0.15 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr407.3m (up 2.1% from 2Q 2020). Net loss: kr7.90m (loss narrowed 75% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • May 13
First quarter 2021 earnings released: EPS kr0.042 (vs kr0.035 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr459.7m (down 11% from 1Q 2020). Net income: kr8.90m (up kr16.3m from 1Q 2020). Profit margin: 1.9% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Reported Earnings • Apr 25
Full year 2020 earnings released: kr0.31 loss per share (vs kr0.11 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr1.84b (down 15% from FY 2019). Net loss: kr65.1m (loss widened 176% from FY 2019). Reported Earnings • Feb 13
Full year 2020 earnings released: kr0.31 loss per share (vs kr0.11 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr1.84b (down 15% from FY 2019). Net loss: kr65.1m (loss widened 176% from FY 2019). Analyst Estimate Surprise Post Earnings • Feb 13
Revenue beats expectations Revenue exceeded analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 1.7%, compared to a 7.9% growth forecast for the Commercial Services industry in Germany. Tillkännagivande • Jan 22
An unknown buyer acquired a stake in Bong AB (publ) (OM:BONG) from Svolder AB (publ) (OM:SVOL B). An unknown buyer acquired a stake in Bong AB (publ) (OM:BONG) from Svolder AB (publ) (OM:SVOL B) on January 20, 2021. Following the transaction, Svolder holds approximately 10.24 million shares in Bong corresponding to 4.6% of the shares and votes.
An unknown buyer completed the acquisition of a stake in Bong AB (publ) (OM:BONG) from Svolder AB (publ) (OM:SVOL B) on January 20, 2021. Reported Earnings • Nov 17
Third quarter 2020 earnings released: kr0.036 loss per share The company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: kr420.9m (down 19% from 3Q 2019). Net loss: kr7.50m (loss narrowed 9.6% from 3Q 2019). Reported Earnings • Nov 13
Third quarter 2020 earnings released: kr0.036 loss per share The company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: kr420.9m (down 19% from 3Q 2019). Net loss: kr7.50m (loss narrowed 9.6% from 3Q 2019). 
