Reported Earnings • 10h
First quarter 2026 earnings released: kr0.68 loss per share (vs kr0.50 loss in 1Q 2025) First quarter 2026 results: kr0.68 loss per share (further deteriorated from kr0.50 loss in 1Q 2025). Revenue: kr201.5m (down 2.4% from 1Q 2025). Net loss: kr23.8m (loss widened 35% from 1Q 2025). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • May 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.9% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (115% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (€53.5m market cap, or US$62.2m). Reported Earnings • Feb 27
Full year 2025 earnings released: kr0.04 loss per share (vs kr1.29 profit in FY 2024) Full year 2025 results: kr0.04 loss per share (down from kr1.29 profit in FY 2024). Revenue: kr1.13b (down 1.3% from FY 2024). Net loss: kr1.55m (down 103% from profit in FY 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, while revenues in the Basic Materials industry in Europe are expected to remain flat. 공시 • Dec 16
Borgestad ASA, Annual General Meeting, May 22, 2026 Borgestad ASA, Annual General Meeting, May 22, 2026. 공시 • Sep 12
Borgestad ASA to Report Fiscal Year 2025 Results on Apr 30, 2026 Borgestad ASA announced that they will report fiscal year 2025 results on Apr 30, 2026 공시 • Jun 18
Borgestad ASA (OB:BOR) entered into an agreement to acquire Emcotech Ab for SEK 20.5 million. Borgestad ASA (OB:BOR) entered into an agreement to acquire Emcotech Ab for SEK 20.5 million on June 17, 2025. A cash consideration of SEK 10.5 million will be paid by Borgestad ASA. Borgestad ASA will pay an earnout/contingent payment of SEK 10 million cash. As part of consideration, SEK 20.5 million is paid towards common equity of Emcotech Ab. The transaction will be financed through loan commitments from Nordea, consisting of a mortgage facility of SEK 9 million and an overdraft facility of SEK 10 million.
For the period ending December 31, 2024, Emcotech Ab reported total revenue of SEK 45.4 million and EBITDA of SEK 6.4 million.
Closing of the transaction is expected by the end of June 2025, subject to certain customary closing conditions. 공시 • May 28
Borgestad ASA Approves Dividend Borgestad ASA at its Annual general meeting held on May 28, 2025, approved to distribute a dividend of NOK 0.80 per share. Ex. date: 30 May 2025. 공시 • Mar 01
Borgestad ASA announces Annual dividend, payable on June 05, 2025 Borgestad ASA announced Annual dividend of NOK 0.8000 per share payable on June 05, 2025, ex-date on May 30, 2025 and record date on June 02, 2025. 공시 • Nov 19
Borgestad ASA, Annual General Meeting, May 28, 2025 Borgestad ASA, Annual General Meeting, May 28, 2025. Reported Earnings • May 22
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr222.8m (up 1.9% from 1Q 2023). Net loss: kr2.77m (down 168% from profit in 1Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Europe. New Risk • Feb 23
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (56% average daily change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risk Market cap is less than US$100m (€36.0m market cap, or US$39.0m). Reported Earnings • Feb 18
Full year 2023 earnings released: kr0.11 loss per share (vs kr1.11 loss in FY 2022) Full year 2023 results: kr0.11 loss per share (improved from kr1.11 loss in FY 2022). Revenue: kr1.14b (up 24% from FY 2022). Net loss: kr36.0m (loss narrowed 71% from FY 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe. 공시 • Dec 21
Borgestad ASA has completed a Follow-on Equity Offering in the amount of NOK 62.5 million. Borgestad ASA has completed a Follow-on Equity Offering in the amount of NOK 62.5 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: NOK 0.25
Transaction Features: Rights Offering New Risk • Dec 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 6x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (97% average daily change). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risk Market cap is less than US$100m (€28.4m market cap, or US$31.0m). Breakeven Date Change • Nov 13
Forecast breakeven date pushed back to 2024 The analyst covering Borgestad previously expected the company to break even in 2023. New forecast suggests losses will reduce by 69% to 2023. The company is expected to make a profit of kr103.0m in 2024. Average annual earnings growth of 51% is required to achieve expected profit on schedule. 공시 • Nov 09
Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 250 million. Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 250 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,000,000,000
Price\Range: NOK 0.25
Transaction Features: Subsequent Direct Listing 공시 • Nov 08
Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 62.5 million. Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 62.5 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: NOK 0.25
Transaction Features: Rights Offering New Risk • Nov 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €4.58m (US$4.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€4.58m market cap, or US$4.90m). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Reported Earnings • Nov 07
Third quarter 2023 earnings released: kr0.24 loss per share (vs kr0.02 profit in 3Q 2022) Third quarter 2023 results: kr0.24 loss per share (down from kr0.02 profit in 3Q 2022). Revenue: kr376.8m (up 36% from 3Q 2022). Net loss: kr37.1m (down kr40.3m from profit in 3Q 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Basic Materials industry in Europe. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: kr0.04 (vs kr0.051 loss in 2Q 2022) Second quarter 2023 results: EPS: kr0.04 (up from kr0.051 loss in 2Q 2022). Revenue: kr316.7m (up 32% from 2Q 2022). Net income: kr6.18m (up kr16.3m from 2Q 2022). Profit margin: 2.0% (up from net loss in 2Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 3.3% growth forecast for the Basic Materials industry in Europe. Breakeven Date Change • Aug 09
No longer forecast to breakeven The analyst covering Borgestad no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr2.00m in 2023. New forecast suggests the company will make a loss of kr13.0m in 2024. Breakeven Date Change • Jun 01
Forecast to breakeven in 2023 The analyst covering Borgestad expects the company to break even for the first time. New forecast suggests the company will make a profit of kr2.00m in 2023. Earnings growth of 148% is required to achieve expected profit on schedule. Board Change • Mar 07
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Chairman of the Board Mills Moller is the most experienced director on the board, commencing their role in 2009. Independent Director Anne Sofie Markman was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.