2024 was a transformational year for Borgestad, marked by continued positive operational development across the two business segments.
Borgestad Group reports a full year 2024 profit before tax of MNOK 82.3, up from MNOK -37.3 in 2023.
Höganäs Borgestad Group achieved an EBIT margin of 2.0 percent in Q4’24, up from 1.4 percent in Q4’23 – a solid performance given the seasonal slowdown in Q4.
Agora Bytom continued its positive momentum, posting an EBITDA of MNOK 10.8 in Q4’24, an improvement from MNOK 8.9 in Q4’23.
In light of the strong results, the Board of Directors will propose to the Annual General Meeting an ordinary dividend of NOK 0.80 per share for 2024. Conditional of approval by the Annual General Meeting dividend will be distributed as repayment of paid-in capital.
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Borgestad ASA’s report for the fourth quarter of 2024 is attached hereto.
Interim financial report for the fourth quarter 2024
Interim financial report for the fourth quarter 2024
Feb 28, 2025
For further information, please contact:
Pål Feen Larsen, CEO
Email: pfl@borgestad.no
Bendik Persch Andersen, Head of M&A and IR
Email: bpa@borgestad.no
About Borgestad ASA
Borgstad ASA (OSE: Borgestad ASA– ticker code “BOR”) is an investment company established in 1904 and listed on the Oslo Stock Exchange in 1917. The main areas of business are real estate and industry. The largest current holdings include the Agora Bytom shopping center in Poland and Höganäs Borgestad. Höganäs Borgestad is a leading global supplier in the refractory market with a range of applications.