reports
- Niclas Gehin
Borregaard (Buy, TP: NOK200.00) - Q1 met expectations
The Q1 results were in line with expectations. While the BioSolutions segment beat our forecast due to higher volumes and prices, the Fine Chemicals segment saw lower deliveries than expected. We expect some of these volumes to revert and boost the Q2 result in Fine Chemicals. The BioMaterials segment was somewhat below our forecast, after a majority of the price negotiations for 2024 have been finalised. Demand appears to be rather strong for specialty cellulose and we thus see upside potential...
- ABGSC Pulp & Paper Research
- Ali Shemmari
- Martin Melbye
Borregaard ASA: EBITDA1 of NOK 442 million in the 1st quarter
Borregaard ASA: EBITDA1 of NOK 442 million in the 1st quarter Borregaard’s operating revenues reached NOK 1,975 million (NOK 1,850 million)2 in the 1st quarter of 2024. EBITDA1 increased to NOK 442 million (NOK 435 million). The result in BioSolutions increased while results in BioMaterials and Fine Chemicals were lower compared with the 1st quarter of 2023. The result in BioSolutions increased due to higher sales volume and reduced energy costs. In BioMaterials, higher sales volume was more than offset by lower sales prices and higher wood costs. Fine Chemicals had a lower result due to l...
Borregaard ASA: Issuance of Commercial Paper
Borregaard ASA: Issuance of Commercial Paper Borregaard ASA has issued a commercial paper ISIN NO0013214874 of NOK 300,000,000. Start date: 18 April, 2024Maturity: 18 June, 2024Coupon: 4,98 %Organised by: DNB Markets Sarpsborg, 17 April 2024 Contact:Director Investor Relations, Knut-Harald Bakke, 164 This information is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act.
Borregaard ASA: Invitation to Q1 2024 announcement
Borregaard ASA: Invitation to Q1 2024 announcement 17 April 2024: Borregaard ASA (”Borregaard”, OSE ticker: BRG) Presentation of Q1 2024 results Borregaard will report first quarter 2024 results on Wednesday 24 April 2024 at 07:00 CEST. A stock exchange announcement will be made. A press release, the quarterly report and a presentation will be made available on . A presentation of the first quarter 2024 results will also be held at 08:30 CEST at DNB Markets, Dronning Eufemias gate 30, Oslo. Attendance in person is possible. The presentation can be followed live on web-TV at . It will be ...
Borregaard ASA: Shares traded ex-dividend today
Borregaard ASA: Shares traded ex-dividend today The shares in Borregaard ASA will be traded ex-dividend of NOK 3.75 per share as from today, 12 April 2024. Borregaard ASASarpsborg, 12 April 2024 Contact:Lotte Kvinlaug, Investor Relations Officer, This information is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act.
- Niclas Gehin
Borregaard (Buy, TP: NOK200.00) - Improving conditions for chemicals
We expect Borregaard to report a Q1 EPS of NOK2.0 (results due at 7:00 CET on 24 April), mostly in line with Q1 2023. We estimate the largest YOY change this year to be the absence of a NOK30m–40m loss on synthetic vanillin trading in Q1 2023. However, we expect lower bio-vanillin prices to lead to a corresponding NOK30m–40m lower result this year. Also, somewhat higher wood costs should be largely offset by higher volumes. The most recent comments from Borregaard and its chemical peers have sug...
Borregaard ASA: Annual General Meeting held
Borregaard ASA: Annual General Meeting held 11 April 2024: Borregaard ASA (”Borregaard”, OSE ticker: BRG) Borregaard’s Annual General Meeting today adopted all items as proposed on the agenda. The minutes and the list of attendants are available on . Contact:Lotte Kvinlaug, Investor Relations Officer, This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act § 5-12 and the Public Limited Company Act § 5-11b item 4.
Borregaard ASA: A-/Stable rating from Scope affirmed
Borregaard ASA: A-/Stable rating from Scope affirmed Scope Ratings GmbH has affirmed Borregaard ASA’s issuer rating of A-/Stable. The same rating is assigned to the company’s senior unsecured debt.The new rating report from Scope Ratings is attached.Sarpsborg, 2 April 2024 Contact:Director Investor Relations, Knut-Harald Bakke, This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. Attachment
Borregaard ASA: Notice of Borregaard’s Annual General Meeting 2024
Borregaard ASA: Notice of Borregaard’s Annual General Meeting 2024 The Annual General Meeting of Borregaard ASA will be held on 11 April 2024 at 13:00 CEST as a digital meeting. The following documents are attached:- Notice of the Annual General Meeting- Report on pay and other remuneration to senior management- Recommendations of the nomination committee Borregaard’s Annual Report 2023 is available at the company’s webpage: . Notice of attendance is required for all shareholders. Deadline for registration of advance votes, proxies and instructions must be received no later than 09.04.20...
Borregaard ASA: Annual Report 2023
Borregaard ASA: Annual Report 2023 Borregaard’s Annual Report for 2023 is published today. A pdf-version and the European Single Electronic Format (ESEF) are attached this notice. Borregaard ASASarpsborg, 21 March 2024 Contacts:Tone Horvei Bredal, Communications Director, 711Lotte Kvinlaug, Investor Relations Officer, This information is subject to the disclosure requirements pursuant to Sections 5-5 and 5-12 of the Norwegian Securities Trading Act. Attachments
Borregaard ASA: Shares for employees 2024
Borregaard ASA: Shares for employees 2024 29 February 2024: Borregaard ASA (“Borregaard”, OSE ticker: BRG) Reference is made to the stock exchange notices of 5 and 12 February regarding the shares to employees’ programme. Today Borregaard transferred in total 165,248 shares to the 435 employees who participated in this year’s programme. After this transfer Borregaard owns 260,888 treasury shares. Contact:Lotte Kvinlaug, Investor Relations Officer,
Borregaard ASA: Reporting of transactions in Borregaard ASA's shares m...
Borregaard ASA: Reporting of transactions in Borregaard ASA's shares made by person discharging managerial responsibilities 27.02.24: Borregaard ASA ("Borregaard", OSE ticker: BRG) Borregaard's Board of Directors has issued share options in accordance with the proxy given by the Annual General Meeting held on 18 April 2023. The total number of options issued is 371,000. The options will expire after five years (27 February 2029) and may be exercised in the last two years. The strike price of the options is NOK 199.10. It is based on the volume weighted average share price (VWAP) during th...
Borregaard ASA: Reporting of transactions in Borregaard ASA's shares m...
Borregaard ASA: Reporting of transactions in Borregaard ASA's shares made by person discharging managerial responsibilities Today, primary insider Per A. Sørlie, President & CEO, exercised 60,000 stock options at a strike price of NOK 91.35 per share, and in separate transactions, purchased and sold the same number of shares. The shares are drawn from Borregaard’s holdings of treasury shares. Please, see attached notifications for persons discharging managerial responsibilities in Borregaard in accordance with Regulation EU 596/2014 (MAR) article 19. After the transactions, Per A. ...
Borregaard ASA: Reporting of transactions in Borregaard ASA's shares m...
Borregaard ASA: Reporting of transactions in Borregaard ASA's shares made by person discharging managerial responsibilities 12 February 2024 Borregaard ASA (“Borregaard”, OSE ticker: BRG) Reference is made to the stock exchange notice of 5 February 2024 regarding the shares to employees’ programme. The share price was fixed at NOK 129.18, after deduction of the 25% discount from the volume weighted average market price on 9 February 2024. In connection with this programme, the following primary insiders have bought shares: Per A. Sørlie, President & CEO has bought 541 shares. Following ...
Borregaard ASA: Shares for employees 2024
Borregaard ASA: Shares for employees 2024 5 February 2024: Borregaard ASA (“Borregaard”, OSE ticker: BRG) Borregaard employees have been given the opportunity to buy shares at a discounted price. The offer is valid from 5 February up to and including 9 February 2024. The price per share will be equal to the average volume weighted market price on 9 February 2024, with a 25% discount. Under the programme, employees may buy shares for a total amount of either NOK 5 000, NOK 15 000, NOK 25 000, NOK 40 000, NOK 55 000, or NOK 70 000. Contact:Lotte Kvinlaug, Investor Relations Officer, ...
Borregaard ASA: Reporting of transactions in Borregaard ASA's shares m...
Borregaard ASA: Reporting of transactions in Borregaard ASA's shares made by person discharging managerial responsibilities Today, primary insider Tom Erik Foss-Jacobsen, Executive Vice President (EVP), exercised 15,000 stock options at a strike price of NOK 67.05 per share and 10,000 stock options at a strike price of NOK 91.35 per share, and in separate transactions, purchased and sold the same number of shares. The shares are drawn from Borregaard’s holdings of treasury shares. Please, see attached notifications for persons discharging managerial responsibilities in Borregaard in accor...
- Niclas Gehin
Borregaard (Buy, TP: NOK200.00) - Growth continues despite hiccups
We believe 2023 was testimony to Borregaard’s business model, having grown its EBITDA by ~8% YOY despite lower volumes YOY and broad destocking effects hitting the European chemicals industry. With the volume trend set to revert, we expect it to continue compounding earnings growth in the coming years and see upside potential on a 2025e P/E of ~17x. We reiterate our BUY and NOK200 target price.
Borregaard ASA: Reporting of transactions in Borregaard ASA's shares m...
Borregaard ASA: Reporting of transactions in Borregaard ASA's shares made by person discharging managerial responsibilities Today, primary insider Gisle Løhre Johansen, Executive Vice President (EVP), exercised 14,900 stock options at a strike price of NOK 91.35 per share and in separate transactions, purchased and sold the same number of shares. The shares are drawn from Borregaard’s holdings of treasury shares. Please, see attached notifications for persons discharging managerial responsibilities in Borregaard in accordance with Regulation EU 596/2014 (MAR) article 19. After the transa...
Borregaard ASA: The Board of Directors’ dividend proposal to Borregaar...
Borregaard ASA: The Board of Directors’ dividend proposal to Borregaard’s Annual General Meeting 31 January 2024: Borregaard ASA (“Borregaard”, OSE ticker: BRG) At a meeting on 30 January 2024 the Board of Directors of Borregaard ASA decided to propose an ordinary dividend for 2023 of NOK 3.75 per share to the Annual General Meeting. Dividend payment is estimated at NOK 373 million. The exact amount will depend on the number of treasury shares held at the date of the Annual General Meeting. No dividend will be paid on treasury shares held by the Borregaard Group. Provided that the traded ...
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