Brief: Borregaard Says Reduction In Co2 Compensation Will Impact EBITDA

BORREGAARD ASA

24/10/2023 06:10

Oct 24 (Reuters) - Borregaard ASA  BRGB.OL :
    * REDUCTION IN NORWEGIAN CO2 COMPENSATION SCHEME WILL IMPACT
BORREGAARD'S EBITDA FOR 2023 BY APPROXIMATELY NOK -25 MILLION
    * REDUCTION FOR FIRST THREE QUARTERS OF 2023 IS REFLECTED IN
3RD
QUARTER RESULTS.
    * IN BIOSOLUTIONS, HIGHER SALES PRICES AND REDUCED ENERGY
COSTS
WERE MORE THAN OFFSET BY REDUCED SALES VOLUME
    * LOWER ENERGY COSTS AND HIGHER SALES PRICES WERE MAIN
REASONS FOR
EBITDA IMPROVEMENT IN BIOMATERIALS.
    * INCREASED RESULT IN FINE CHEMICALS WAS MAINLY DUE TO
INCREASED
SALES PRICES FOR BIOETHANOL

Source text for Eikon:  ID:nGNEJ5Jpd 
Further company coverage:  BRGB.OL 

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