Norway's Borregaard Q3 EBITDA hits record, beats analyst estimates

BORREGAARD ASA

28/10/2026 06:07

Overview
Norway biorefinery's Q3 operating revenue rose yr/yr, EBITDA hit record and beat analyst expectations
All business areas reported higher results, driven by price increases and cost reductions
Company benefited from cost improvement programme, energy optimisation and positive currency effects

Outlook
Borregaard did not provide specific guidance for future quarters or the full year in the press release

Result Drivers
PRICE INCREASES AND COST REDUCTIONS - BioSolutions result improved due to selective price increases and reduced costs
HIGHER DELIVERIES AND STRONG PRODUCTION - BioMaterials achieved all-time high result due to higher deliveries and strong production
COST IMPROVEMENT PROGRAMME AND ENERGY OPTIMISATION - Savings from ongoing cost improvement programme and energy system optimisation contributed positively

Company press release: ID:nGNE4Rx9YR

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EBITDA
Beat
NOK 557 mln
NOK 435.22 mln (5 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty chemicals peer group is "buy"
Wall Street's median 12-month price target for Borregaard ASA is NOK177.50, about 24% above its October 27 closing price of NOK143.20
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)