First quarter’25, Borgestad Group delivered a result before tax of MNOK -23.0,
due to low season in Höganäs Borgestad. Borgestad Group has over the last twelve
months delivered a profit before tax of MNOK 64.9.
Agora Bytom continued its positive momentum, posting an EBITDA of MNOK 10.3 in
Q1’25, an improvement from MNOK 9.5 in Q1’24.
Höganäs Borgestad delivered a weaker quarter compared to the same period last
year, reporting revenues of MNOK 186 and a EBITDA of MNOK -8.5 for Q1’25
respectively MNOK 203.9 and MNOK 3.3 in Q1’24.
Höganäs Borgestad has a healthy order backlog and prospects for the remaining
year as of March 31, 2025
Borgestad ASA’s report for the first quarter of 2025 is attached hereto.
Interim financial report for the first quarter 2025
Interim financial report for the first quarter 2025
May 22, 2025
For further information, please contact:
Pål Feen Larsen, CEO
Email: pfl@borgestad.no
Jan Fredrik Herud, Investment Manager
Email: jfh@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.