Borregaard ASA

BRG

Equity

ISIN NO0010657505 / Valor 19608414

Oslo Stock Exchange (2025-03-14)

NOK 173.20-0.80%

Borregaard ASA
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About company

Borregaard ASA is a company that operates a highly advanced and sustainable biorefinery, utilizing natural and renewable raw materials to produce environmentally friendly biochemicals as alternatives to oil-based products. Their focus on innovation and sustainability positions them as a leader in the industry, offering solutions that contribute to a more sustainable future.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Overview

Borregaard ASA reported operating revenues of NOK 1,949 million for the second quarter of 2024, slightly down from NOK 1,963 million in the same period the previous year. This slight decrease reflects changes in market conditions and pricing strategies across their business segments.

EBITDA Performance

The company achieved an EBITDA of NOK 510 million in Q2 2024, compared to NOK 537 million in Q2 2023. The decrease was primarily due to lower results in the BioMaterials segment, although BioSolutions showed improved performance due to a better product mix and reduced energy costs.

Profit Before Tax

Borregaard ASA's profit before tax for the second quarter of 2024 was NOK 322 million, down from NOK 379 million in the same quarter of the previous year. This decline was influenced by negative net currency effects and increased operating expenses.

Earnings Per Share

The earnings per share for Borregaard ASA in Q2 2024 were NOK 2.45, compared to NOK 2.84 in Q2 2023. The decrease in earnings per share reflects the overall reduction in profit before tax and the challenges faced in certain business segments.

Segment Performance

In the second quarter of 2024, Borregaard ASA's BioSolutions segment showed strong results due to an improved product mix and lower energy costs. However, the BioMaterials segment faced challenges with lower sales prices and higher wood costs, while Fine Chemicals delivered a solid performance, albeit slightly below the previous year.

Summarized from source with an LLMView Source

Key figures

-4.84%1Y

-5.97%3Y

110%5Y

Performance

20.7%1Y

26.7%3Y

29.7%5Y

Volatility