Borregaard's operating revenues were NOK 1,744 million (NOK 1,605 million)(2) in
the 4(th) quarter of 2024. EBITDA(1) reached NOK 398 million (NOK 327 million).
The result in BioSolutions increased compared with the 4(th) quarter of 2023.
BioMaterials remained at the same level, while there was a decrease in Fine
Chemicals.
Increased sales were the main reason for the strong result in BioSolutions. For
BioMaterials, higher sales volume and an improved product mix of speciality
cellulose were offset by increased wood costs. Lower deliveries were the main
reason for the weaker result in Fine Chemicals. The net currency effects were
positive.
Other income and expenses(1) were NOK -30 million in the 4(th) quarter of 2024.
This accrual was for remediation of contaminated soil at the Sarpsborg site.
Profit before tax was NOK 170 million (NOK 135 million). Earnings per share were
NOK 1.30 (NOK 1.20).
Full year 2024
Operating revenues increased to NOK 7,617 million (NOK 7,132 million). EBITDA(1)
reached an all-time high of NOK 1,874 million (NOK 1,781 million). Profit before
tax was NOK 1,079 million (NOK 1,124 million). Earnings per share were NOK 8.25
(NOK 8.73).
- We are pleased to report an all-time high result for 2024. Our specialisation
strategy has proven resilient amid challenging macroeconomic and geopolitical
conditions, says President and CEO Per A. Sørlie.
Contacts:
Director Investor Relations, Knut-Harald Bakke, +47 905 79 164
Director Communications, Tone Horvei Bredal, +47 924 67 711
1. Operating profit before depreciation, amortisation and other income and
expenses
2. 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 29 January 2025 at 07:00 CET.