Borregaard reports higher Q2 EBITDA despite chemicals weakness

Borregaard ASA reported Q2 operating revenues of NOK 2,045 million, up from NOK 1,949 million year-on-year. EBITDA increased to NOK 522 million from NOK 510 million.

BioSolutions grew from agriculture sales while BioMaterials benefited from higher prices and improved product mix, though wood costs rose. Fine Chemicals weakened due to lower bioethanol prices.

Earnings per share rose to NOK 2.56. The company is investing in a new electric boiler to reduce CO2 emissions.