reports
- Niclas Gehin
Borregaard (Buy, TP: NOK230.00) - Agricultural products boost Q1 EPS
The solid Q1 results included a 6% EBITDA beat, led by record-high sales and profits from growing agricultural product sales – management said the underlying trend was driven by demand for ‘green’ food production products. Our 2026–2027e EPS are largely unchanged (tweaked by c1%) as the USD depreciation and lowered bioethanol price guidance largely offset the higher agricultural product sales. We still see this as an attractive entry point, and reiterate our BUY and NOK230 target price.
- ABGSC Pulp & Paper Research
- Henrik Bartnes
- Martin Melbye
- ABGSC Pulp & Paper Research
- Ali Shemmari
- Martin Melbye
Borregaard ASA: EBITDA1 of NOK 511 million in the 1st quarter
Borregaard ASA: EBITDA1 of NOK 511 million in the 1st quarter Borregaard’s operating revenues increased to NOK 2,036 million (NOK 1,975 million)2 in the 1st quarter of 2025. EBITDA1 reached NOK 511 million (NOK 442 million). The result in BioSolutions increased, BioMaterials had a result in line with the corresponding quarter last year and Fine Chemicals had a lower result. Strong sales to agriculture were the main reason for the all-time high result in BioSolutions. For BioMaterials, higher sales prices were offset by lower sales volume, increased wood costs, and cost increases in general...
- ABGSC Capital Goods Research
- Benjamin Wahlstedt
- Fredrik Ivarsson
- ABGSC Capital Goods Research
- Benjamin Wahlstedt
- Fredrik Ivarsson
- Niclas Gehin
Tomra (Sell, TP: NOK120.00) - First-quarter fizzle
We expect a muted Q1 EBITA of EUR33m, as seasonality weakens the results along with a slowdown in sales to new markets for Collection. We have cut our 2026–2027e EPS by 2% on adjustments to margins and order backlog. We have not heard any announcements regarding upcoming DRS’ status during the quarter. We reiterate our SELL and NOK120 target price.
Borregaard ASA: Invitation to Q1 2025 announcement
Borregaard ASA: Invitation to Q1 2025 announcement 23 April 2025: Borregaard ASA (”Borregaard”, OSE ticker: BRG) Presentation of Q1 2025 results Borregaard will report first quarter 2025 results on Wednesday 30 April 2025 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 2025 results will also be held at 08:30 CEST at SEB, Filipstadveien 10, Bygg B, Oslo. Attendance in person is possible. The presentation can be followed live on web-TV at . It will be possible...
- ABGSC Consumer Goods Research
- Benjamin Wahlstedt
- Fredrik Ivarsson
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 4.25 per share as from today, 11 April 2025. Borregaard ASASarpsborg, 11 April 2025 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.
Borregaard ASA: Issuance of Commercial Paper
Borregaard ASA: Issuance of Commercial Paper Borregaard ASA has issued a commercial paper ISIN NO0013536136 of NOK 200,000,000. Start date: 14 April, 2025Maturity: 14 October, 2025Coupon: 4.89 %Organised by: DNB Markets Sarpsborg, 10 April 2025 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.
Borregaard ASA: Annual General Meeting held
Borregaard ASA: Annual General Meeting held 10 April 2025: 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.
- Niclas Gehin
Borregaard (Buy, TP: NOK230.00) - Specialisation provides resilience
We forecast Q1 EBITDA of NOK471m, reflecting muted growth in all segments except BioMaterials, where we see support from an 11% YOY increase in sales prices. The recent appreciation of the NOK has weighed on earnings estimates, along with softer end-markets, thus we have lowered our 2026–2027e EPS by 3%. We reiterate our BUY but have reduced our target price to NOK230 (240).
- ABGSC Pulp & Paper Research
- Ali Shemmari
- Martin Melbye
- ABGSC Pulp & Paper Research
- Ali Shemmari
- Martin Melbye
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 credit rating announcement from Scope Ratings is attached. Sarpsborg, 27 March 2025 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
- ABGSC Pulp & Paper Research
- Ali Shemmari
- Martin Melbye
Borregaard ASA: Proxies for the Annual General Meeting 10 April 2025
Borregaard ASA: Proxies for the Annual General Meeting 10 April 2025 In connection with Borregaard’s Annual General Meeting, Mr. Helge Aasen, Chair of the Board of Directors in Borregaard ASA, has been assigned voting rights based on proxies for 7,137,969 shares in Borregaard ASA. The proxies apply exclusively to the Annual General Meeting in Borregaard ASA on 10 April 2025. This means that Mr. Helge Aasen represents a total of 7,14 % of the outstanding shares in Borregaard ASA. Mr. Helge Aasen’s shareholding in Borregaard ASA is 4,500 shares. Borregaard ASASarpsborg, 21 March 2025 Conta...
Borregaard ASA: Notice of Borregaard’s Annual General Meeting 2025
Borregaard ASA: Notice of Borregaard’s Annual General Meeting 2025 The Annual General Meeting of Borregaard ASA will be held on 10 April 2025 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 of senior management- Recommendations of the nomination committee Borregaard’s Annual Report 2024 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 08.04.20...
Borregaard ASA: Annual Report 2024
Borregaard ASA: Annual Report 2024 Borregaard’s Annual Report for 2024 is published today. A pdf-version and the European Single Electronic Format (ESEF) are attached this notice. Borregaard ASASarpsborg, 20 March 2025 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
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