Picture of BORREGAARD ASA logo

BRGo — BORREGAARD ASA News Story

0.000.00%
se flag iconLast trade - 00:00
Basic MaterialsBalancedMid CapNeutral

Norway's Borregaard Q2 EBITDA beats on higher deliveries at Fine Chemicals unit

Norway's Borregaard Q2 EBITDA beats on higher deliveries at Fine Chemicals unit


Overview

  • Norway specialty chemicals producer's Q2 EBITDA beat analyst expectations

  • Q2 profit before tax and EPS turned negative due to Alginor impairment and site costs

  • Company to implement cost programme targeting NOK 150 mln annual savings by 2028


Outlook

  • Borregaard is implementing a cost improvement programme targeting annual savings of NOK 150 mln by 2028

  • Company says Middle East conflict continues to impact energy, logistics and chemical costs


Result Drivers

  • BIOMATERIALS PRODUCTION - Record production in BioMaterials contributed positively to results, though partly offset by lower sales prices and weaker product mix

  • BIOSOLUTIONS COST PRESSURE - Higher energy and related costs, negative currency effects, and less favourable product mix outweighed higher sales volume in BioSolutions

  • FINE CHEMICALS DELIVERIES - Higher deliveries and a favourable product mix improved Fine Chemicals results


Company press release: ID:nGNE2jN5xw


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 EBITDA

Beat

NOK 515 mln

NOK 434.18 mln (5 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "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 NOK167.50, about 10.6% above its July 15 closing price of NOK151.40

  • The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Recent news on BORREGAARD ASA

See all news