Borregaard ASA: EBITDA1 of NOK 442 million in the 1st quarter
April 24 2024 - 1:00AM
Borregaard ASA: EBITDA1 of NOK 442 million in the 1st quarter
Borregaard’s operating revenues reached NOK 1,975 million (NOK
1,850 million)2 in the 1st quarter of 2024. EBITDA1 increased to
NOK 442 million (NOK 435 million). The result in BioSolutions
increased while results in BioMaterials and Fine Chemicals were
lower compared with the 1st quarter of 2023.
The result in BioSolutions increased due to higher sales volume
and reduced energy costs. In BioMaterials, higher sales volume was
more than offset by lower sales prices and higher wood costs. Fine
Chemicals had a lower result due to low bioethanol deliveries and
increased costs. The net currency effects were slightly negative
for the Group.
Profit before tax was NOK 261 million (NOK 292 million).
Earnings per share were NOK 2.01 (NOK 2.32). - We are pleased with
the strong result improvement in BioSolutions and the positive
sales volume development for the Group, says President and CEO Per
A. Sørlie.
Contacts:Director Investor Relations,
Knut-Harald Bakke, +47 905 79 164Director Communications, Tone
Horvei Bredal, +47 924 67 711
1. Operating profit before depreciation, amortisation and other
income and expenses2. Figures in parentheses are for the
corresponding period in the preceding year This information is
considered to be inside information pursuant to the EU Market Abuse
Regulation and is subject to the disclosure requirements pursuant
to Section 5 – 12 of the Norwegian Securities Trading Act.
This stock exchange announcement was published by Lotte
Kvinlaug, Investor Relations Officer at Borregaard ASA, on 24 April
2024 at 07:00 CEST.
- 1st quarter 2024 presentation
- 1st quarter 2024 report
- Quarterly and accounting figures 1st quarter 2024
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