Borregaard Asa (BRRDF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this second quarter 2025 presentation for BorderGuard. My name is Per Sørle. I'm the CEO of the company and I'll be joined during this presentation by Per-Bjarne Lyngstad, our CFO, and we will take you through this agenda. I'll talk about the highlights in the quarter, the market situation for the business segments, the environmental investment that we have just passed at the board level and also the outlook for the remainder of the year. And then Per Bjarne will come back and talk about the financial performance in more detail. First of the highlights for the second quarter, EBITDA came in at 522 million, up from 510 million in the same quarter last year. We saw strong performance in BioSolutions, where the growth again was driven by increased sales to agriculture. We also saw a very good result in biomaterials, where higher sales prices, improved product mix and increased sales volume contributed positively, but this was partly offset by increased wood costs. In fine chemicals, the result came down, and this was driven by lower sales prices for bioethanol. Altogether, we had positive net currency effects across all business areas. Then on to the market situation, first with BioSolutions. The sales volume came in 2% higher than the same quarter last year. And again, this was driven by a broad portfolio of agriculture. So there's no single product group that stands out. We have a broad offering to agriculture. The average price in sales currency is in line with the same quarter last year. however we have guided for a seasonally lower product mix in less favorable product mix in the in the second quarter compared to the first quarter so in indicating that prices per product line is stable however there is a mix change that takes the price d...