Brief: Borregaard Says During Q4 2023 Operational Issues Have Affected Production At Sarpsborg Site, Reducing Result Mainly In Biomaterials; Issues Have Now Been Addressed

BORREGAARD ASA

09/12/2023 11:13

Dec 9 (Reuters) - Borregaard ASA  BRGB.OL :
    * BORREGAARD ASA- DURING 4TH QUARTER OF 2023, OPERATIONAL
ISSUES
HAVE AFFECTED PRODUCTION AT SARPSBORG SITE, REDUCING RESULT
MAINLY IN BIOMATERIALS
    * BORREGAARD ASA- OPERATIONAL ISSUES HAVE NOW BEEN
ADDRESSED, AND
NO CARRY-OVER EFFECTS ARE EXPECTED INTO 1ST QUARTER OF 2024
    * BORREGAARD ASA- RESULT IN BIOSOLUTIONS WILL BE NEGATIVELY
IMPACTED BY LOWER SALES VOLUME OF BIOVANILLIN IN 4TH QUARTER
    * BORREGAARD ASA- NEGATIVE EBITDA EFFECT IS ESTIMATED TO BE
IN
RANGE OF NOK 80-100 MILLION FOR GROUP IN 4TH QUARTER

Source text for Eikon:  ID:nGNEnCPpB 
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 ((Reuters.Briefs@thomsonreuters.com;;))