Borregaard - EBITA adj. increased to NOK 180 million in the 3rd quarter

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Borregaard’s operating revenues were NOK 1,239 million (NOK 1,150 million)² in the 3rd quarter of 2019. EBITA adj.² increased to NOK 180 million (NOK 145 million).

All business areas improved their result compared with the corresponding quarter in 2018.

Performance Chemicals had lower distribution costs and a favourable product mix, but a lower sales volume. An improved product mix and high production volume had a positive impact on Speciality Cellulose. Other Businesses improved as a result of higher sales prices in Ingredients. The total net currency impact was positive.

Profit before tax was NOK 156 million (NOK 150 million). Earnings per share were NOK 1.31 (NOK 1.27).

- We are pleased with the overall result in the quarter and the fact that all business areas improved compared with last year, says President and CEO Per A. Sørlie.

Contacts:
Director Investor Relations, Jørn Syvertsen, +47 958 36 335
Communication Manager, Tone Horvei Bredal, +47 924 67 711

1. Figures in parentheses are for the corresponding period in the preceding year
2. Operating profit before amortisation and other income and expenses

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.


Source: Borregaard