Borregaard ASA (LTS:0QB7)

kr 184.2 1.5 (0.82%) Market Cap: 18.23 Bil Enterprise Value: 20.31 Bil PE Ratio: 22.48 PB Ratio: 3.58 GF Score: 93/100

Q2 2023 Borregaard ASA Earnings Call Transcript

Jul 18, 2023 / 06:30AM GMT

Release Date Price: kr159.7 (+2.77%)

Transcript

Per Arthur SÃ;rlie

Borregaard ASA - President & CEO

¸ -

Good morning, and welcome to this second quarter 2023 presentation for Borregaard. My name is Per SÃ¸rlie. I'm the President and CEO of the company, and I will be joined this morning by our CFO, Per Bjarne Lyngstad, and we will take you through the following agenda.

First, the highlights for the quarter. I'll go through the market situation for the different business segments and then the outlook. And after that, Per Bjarne will come back and talk about the financial performance of the company. And also let me remind you that you can submit questions online during the entire presentation, and we will revert with a Q&A session of at the end of the presentation.

Then on to the highlights for the second quarter. We are really pleased to report an all-time high EBITDA for a single quarter of NOK 537 million compared to NOK 445 million in the same quarter last year, which was the previous all-time high.

In BioSolutions, we saw a positive impact from our diversified market strategy with 600 products across

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