Brief: Borregaard Q4 EBITA Adjusted Falls TO Nok 73 Million

BORREGAARD ASA

05/02/2020 06:06

Feb 5 (Reuters) - Borregaard ASA  BRGD.OL :
    * BORREGAARD ASA: EBITA ADJUSTED. NOK 73 MILLION (NOK 94
MILLION)
IN THE 4TH QUARTER
    * BORREGAARD'S OPERATING REVENUES INCREASED TO NOK 1,234
MILLION
(NOK 1,219 MILLION)¹ IN 4(TH) QUARTER OF 2019
    * Q4 EBITA ADJUSTED. WAS NOK 73 MILLION (NOK 94 MILLION)
    * OTHER BUSINESSES IMPROVED ITS RESULT, WHEREAS PERFORMANCE
CHEMICALS AND SPECIALITY CELLULOSE HAD A DECLINE
    * OPERATIONAL INCIDENTS AFFECTING PRODUCTION AT SARPSBORG
SITE HAD
A NEGATIVE IMPACT ON EBITA ADJUSTED.² OF ABOUT NOK 35 MILLION.
    * THE BOARD OF DIRECTORS OF BORREGAARD ASA WILL PROPOSE A
DIVIDEND
FOR 2019 OF NOK 2.30 (NOK 2.25) PER SHARE TO THE ANNUAL GENERAL
MEETING
    * TOTAL SALES VOLUME IN 2020 IS FORECAST TO INCREASE BY 0-5%
    * COST SAVINGS OF NOK 40 MILLION FROM THE UPGRADE IN NORWAY
WILL
BE GRADUALLY REALISED THROUGH 2020 WITH FULL EFFECT FROM 2021
    * THE NOK 20 MILLION COST SAVINGS FROM RESTRUCTURING OF THE
GERMAN
LIGNIN OPERATION WILL HAVE FULL EFFECT IN 2020

Source text for Eikon:  ID:nGNE5Gqpbn 
Further company coverage:  BRGD.OL 

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