Borregaard Asa (BRRDF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.558 Good morning everyone and welcome to the fourth quarter 2025 presentation for Borgard. 00:00:06.558 -- 00:00:11.763 My name is Tom-Erik Foss Jakobsen. I'm the CEO of the company and I'll 00:00:11.763 -- 00:00:15.046 be joined today by our CFO Per-Bjarne Lyngstad. 00:00:15.046 -- 00:00:21.191 Together we will take you through this agenda. 00:00:21.693 -- 00:00:25.938 I will start with the key highlights for the quarter and give an update on the market 00:00:25.938 -- 00:00:31.222 situation across our business segments. I'll then summarize the outlook 00:00:31.222 -- 00:00:32.985 for 2026 00:00:32.985 -- 00:00:38.074 and finally present our dividend proposal for 2025 00:00:38.074 -- 00:00:43.524 before handing over to Per Bjarne. And he will then take you through the financial performance 00:00:43.524 -- 00:00:45.728 in more detail. 00:00:45.728 -- 00:00:50.877 And before we begin, I'd also like to remind those of you that 00:00:50.877 -- 00:00:56.106 watch the webcast live that you are welcome to submit questions anytime 00:00:56.106 -- 00:01:01.211 during the presentation and we will address them at the end. 00:01:07.285 -- 00:01:10.889 Let's begin with the highlights for the quarter. 00:01:10.889 -- 00:01:16.459 EBITDA came in at 405 million NOK, slightly up from 398 00:01:16.459 -- 00:01:19.544 million in the same quarter 2024. 00:01:19.544 -- 00:01:23.551 BioSolutions delivered a solid quarter supported 00:01:23.551 -- 00:01:30.098 by high bio-vendoring deliveries and continued growth in sales to agriculture. 00:01:30.102 -- 00:01:34.413 A trend we have now seen for the two last years. 00:01:34.413 -- 00:01:40.121 Biomaterials delivered good results driven by higher specialty cellulose prices 00:01:40.121 -- 00:01:42.965 and inc...