Bong Q1 2023: First impression - Redeye

Redeye sees no major drama in the Q1 report. We hoped for higher sales in the packaging segment but overall, Q1 performance was as expected. Significant sales growth due to price increases and positive currency effects. Bong is currently experiencing soft market demand, characterized by destocking and uncertainty regarding the economic outlook. We will probably lower our near-term forecasts somewhat.

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