BIND - report for 4th quarter and the year 2009

HIGHLIGHTS 4th QUARTER AND THE YEAR 2009

· Operating profit for Q4 is the best ever last
quarter result for Borgestad Industries.
· Net operating income in the 4th quarter amounted to
NOK 98,4 mill.(NOK 144,2 mill).
· Operating result in the 4th quarter amounted to
NOK 6,0 mill. (NOK 5,1 mill).
· Profit before taxes in the 4th quarter amounted to
NOK 4,7 mill. (NOK 4,4 mill).
· Net operating income for the year amounted to
NOK 412,7 mill. (NOK 482,0 mill). EBIT amounted to
NOK 15,0 mill. (NOK 24,0 mill.) and profit before
taxes amounted to NOK 10,8 mill. (NOK 17,2 mill.).
· Equity ratio was 43 percent as of 31.12.09 compared
to 37 percent as of 31.12.08
· Inventories have been reduced by NOK 36,5 mill.
since 1st of January 2009.
· Positive cash flow in the 4th quarter with NOK 10,8
mill and a positive cash flow for the year amounted
to NOK 28,8 mill. (negative with NOK 4,8 mill).
· The liquidity reserves were at the end of the
period NOK 84,5 mill. which is the highest ever.
· The Board propose a dividend of NOK 1,50 per share
(same as in 2008) to the Shareholders meeting the
3rd of June 2010.

Enclosed please find the Q4 and the year 2009 report.

Webcast at www.borgestadindustries.com

Contact:
- CEO Egil Friestad mobile +46 705746622
- CFO Lars Swerre, mobile +46 706211721

This information is subject of the disclosure
requirements acc. to § 5-12 vphl (Norwegian
Securities Trading Act).