Borregaard: Improved result in 1st quarter 2017
May 03 2017 - 1:00AM
Borregaard's operating revenues reached NOK 1,136
million (NOK 1,113 million)¹ in the 1st quarter of
2017. EBITA adjusted² increased to NOK 200 million (NOK 171
million), a 1st quarter
all-time high level. Speciality Cellulose improved its EBITA adj.¹,
while there was a stable result for Other Businesses and a small
decline in Performance Chemicals. Currency effects were slightly
negative in the 1st quarter.
Performance Chemicals' EBITA adj.¹ was slightly
below last year's level. Increased sales of specialities and a
generally more favourable product mix partly offset the impact of a
weak construction market, cost increases and negative currency
effects. The improvement in Speciality Cellulose was primarily due
to higher prices and positive mix effects. Within Other Businesses,
a weaker performance in Ingredients and Fine Chemicals was largely
offset by lower net costs in Cellulose Fibrils.
Profit before tax increased to NOK 195 million
(NOK 161 million). Earnings per share in the 1st
quarter were NOK 1.48 (NOK 1.21).
- We are pleased with the Group profit
improvement and the increased sales of speciality products, both in
Performance Chemicals and Speciality Cellulose, says President and
CEO Per A. Sørlie.
Contacts:
Director Investor Relations, Jørn Syvertsen, +47 958
36 335
Communication Manager, Tone Horvei Bredal, +47 924 67 711
1. Figures in parentheses are for the
corresponding period in the preceding year
2. Operating profit before amortization and other income and
expenses
This information is subject
to the disclosure requirements pursuant to Section 5-12 of the
Norwegian Securities Trading Act.
1st quarter 2017 presentation
1st quarter 2017 report
Quarterly and accounting figures 1st quarter 2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Borregaard via Globenewswire
Bluerock Residential Gro... (AMEX:BRG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bluerock Residential Gro... (AMEX:BRG)
Historical Stock Chart
From Apr 2023 to Apr 2024