Duyuru • Jul 03
Bergen Carbon Solutions AS Receives Intention to Grant for Norwegian Patent Application Related to CO2 Separation Technology Bergen Carbon Solutions AS announced that it has received a notification of intention to grant from the Norwegian Industrial Property Office (NIPO) for a patent application related to its CO2 separation technology. The patent application (PCT/NO2025/050020), titled “Method and Apparatus for Purification and Separation of Solid-State Carbon-Containing Material”, covers key aspects of the Company’s proprietary process for purification and handling of carbon-containing materials derived from CO2. The notification of intention to grant reflects that the application has fulfilled the substantive patentability requirements, including novelty and inventive step, subject to final formalities. The Company will continue to pursue patent protection in relevant jurisdictions in line with its intellectual property strategy. New Risk • Jun 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 24% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€30.3m market cap, or US$34.5m). Board Change • May 20
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Terje Fatnes is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Apr 24
Bergen Carbon Solutions as Announces the Appointment of Rita Glenne as Board Member Bergen Carbon Solutions AS announced in the annual general meeting held on April 23, 2026, the election of Rita Glenne as Board member. Duyuru • Dec 20
Bergen Carbon Solutions AS, Annual General Meeting, Apr 23, 2026 Bergen Carbon Solutions AS, Annual General Meeting, Apr 23, 2026. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 45% 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 (15% average weekly change). Earnings have declined by 45% per year over the past 5 years. Revenue is less than US$1m (kr159k revenue, or US$15k). Minor Risk Market cap is less than US$100m (€17.9m market cap, or US$20.0m). Breakeven Date Change • Aug 23
Forecast breakeven date pushed back to 2026 The analyst covering Bergen Carbon Solutions previously expected the company to break even in 2025. New forecast suggests losses will reduce by 53% per year to 2025. The company is expected to make a profit of kr173.0m in 2026. Average annual earnings growth of 57% is required to achieve expected profit on schedule. New Risk • Jul 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (kr301k revenue, or US$28k). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (€15.4m market cap, or US$16.8m). Duyuru • Apr 27
Bergen Carbon Solutions as Appoints Gunnvor Dyrdi Remøy as Board Member Bergen Carbon Solutions AS at its AGM held on 24. April 2024 appointed Gunnvor Dyrdi Remøy Board member. New Risk • Feb 28
New major risk - Revenue and earnings growth Revenue has declined by 80% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 80% over the past year. Revenue is less than US$1m (kr296k revenue, or US$28k). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (€36.0m market cap, or US$39.0m). New Risk • Feb 11
New major risk - Revenue and earnings growth Revenue has declined by 80% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 80% over the past year. Revenue is less than US$1m (kr296k revenue, or US$28k). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr57m net loss next year). Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (€42.7m market cap, or US$46.1m). New Risk • Feb 08
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: kr73m Forecast net loss in 1 year: kr58m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (kr1.4m revenue, or US$136k). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr58m net loss next year). Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (€40.0m market cap, or US$43.1m). Duyuru • Jan 11
Bergen Carbon Solutions AS Announces Board Changes Bergen Carbon Solutions AS announced election of Rita Glenne as a new board member of the Board of Directors. Bodil Holst will step down from the Board of Directors for personal reasons. Rita Glenne previously worked at SINTEF, Norsk Hydro ASA, REC ASA and as Vice President of Technology within REC Solar AS. She currently runs her own consulting company as an advisor for technology start-ups and holds several board positions. She has extensive experience in developing technology into processes and products with a business aspect. Glenne has developed processes and production equipment for high volume manufacturing, has experience with hands-on trouble shooting and management in start-up production and extensive collaboration with suppliers and customers. Glenne has a Ph.D. from the Technical University of Trondheim (NTNU) in Material Science. Reported Earnings • Aug 31
Second quarter 2023 earnings released: kr0.44 loss per share (vs kr0.37 loss in 2Q 2022) Second quarter 2023 results: kr0.44 loss per share (further deteriorated from kr0.37 loss in 2Q 2022). Net loss: kr18.4m (loss widened 19% from 2Q 2022). Revenue is forecast to grow 63% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Chemicals industry in Germany. Duyuru • Jun 30
Bergen Carbon Solutions AS Announces Resignation of Blydt-Svendsen as COO When Elected Director Bergen Carbon Solutions AS announced that Blydt-Svendsen will step down as COO when elected director, and will in addition continue to serve the company as a special advisor. Reported Earnings • May 12
First quarter 2023 earnings released First quarter 2023 results: Net loss: kr18.8m (loss widened 34% from 1Q 2022). Revenue is forecast to grow 130% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Chemicals industry in Germany. Reported Earnings • Feb 26
Full year 2022 earnings released Full year 2022 results: Net loss: kr54.0m (loss widened 81% from FY 2021). Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Chemicals industry in Germany. Recent Insider Transactions • Nov 24
Chairman of the Board recently bought €50k worth of stock On the 22nd of November, Jon Lokke bought around 50k shares on-market at roughly €1.00 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Jon's only on-market trade for the last 12 months. Breakeven Date Change • Nov 17
No longer forecast to breakeven The 2 analysts covering Bergen Carbon Solutions no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of kr57.0m in 2023. New consensus forecast suggests the company will make a loss of kr63.0m in 2024. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Chairman of the Board Jon Lokke was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 05
Bergen Carbon Solutions AS Appoints Odd Strømsnes as New CEO The Board of Directors of Bergen Carbon Solutions AS announced that Mr. Odd Strømsnes has been appointed Chief Executive Officer (CEO) of Bergen Carbon Solutions AS and will succeed interim CEO Mr. Finn Blydt-Svendsen. Mr. Strømsnes, previous Managing Director of TechnipFMC and CEO of Havfram, has more than 12 years of CEO experience as well as extensive experience from senior management positions in other large leading companies like Renewable Energy Corporation ASA (REC) and TIOS. Mr. Strømsnes has a university degree in engineering and broad experience within strategic and executive management. Mr. Strømsnes also has extensive experience within energy related, large-scale projects both national and internationally. Board Change • Aug 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Chairman of the Board Jon Lokke was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jun 17
Bergen Carbon Sol Introduces Multi-Walled Carbon Nanotubes (Mwcnt) to Their Product Portfolio Bergen Carbon Solutions AS announced the introduction of new product MWCNTs to the product portfolio after successful independent third-party testing. The new product opens the door for BCS to another fast-growing market, which is multiple times the size of the CNF market. Through the infrastructure invested in internal R&D and continuous process improvements BCS has succeeded in producing MWCNTs. The product has been tested at The Norwegian Centre for Transmission Electron Microscopy (NORTEM) in Trondheim. NORTEM is a joint venture of SINTEF, NTNU and UiO. Duyuru • Jun 11
Bergen Carbon Solutions as Announces Management Changes Bergen Carbon Solutions AS announced that Jon André Løkke was elected new Chairman of the Board at the Company's extraordinary general meeting 20 May 2022. With his extensive upscaling experience, Mr. Løkke represents important knowledge and experience as BCS prepares for industrialization. Dag Skansen is acting Chairman until Jon André Løkke steps up in July 2022. Mr.Skansen has been following the Company from the start, and he has been Chairman of the Board for the past 1.5 years. Mr. Skansen will continue his work providing continuity and experience as Member of the Board going forward. Duyuru • May 21
Bergen Carbon Solutions AS Elects Jon André Løkke as New Chairman of the Board Bergen Carbon Solutions AS at its extraordinary general meeting held on May 20, 2022, Jon André Løkke is unanimously elected as new Chairman of the Board. Duyuru • May 04
Bergen Carbon Solutions AS Announces CEO Changes Bergen Carbon Solutions AS announced that Jan B. Sagmo has resigned from his position as CEO, due to health-related issues. Co-founder and COO Finn Blydt-Svendsen will step into the position as interim CEO with immediate effect. The Board will initiate the hiring process for a permanent CEO immediately. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Wenche Teigland was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 06
Bergen Carbon Solutions AS, Annual General Meeting, Apr 21, 2022 Bergen Carbon Solutions AS, Annual General Meeting, Apr 21, 2022. Duyuru • Jan 28
Bergen Carbon Solutions AS Announces Election of Board Members Bergen Carbon Solutions AS announced that at its EGM held on 26 January 2022, the shareholders elected Terje Fatnes, Wenche Teigland, Bodil Holst as new board members. Recent Insider Transactions • Dec 25
Chief Technology Officer recently sold €92k worth of stock On the 23rd of December, Håvard Husby sold around 14k shares on-market at roughly €6.77 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Recent Insider Transactions • Dec 15
Chairman of the Board recently bought €64k worth of stock On the 13th of December, Dag Skansen bought around 13k shares on-market at roughly €4.89 per share. This was the largest purchase by an insider in the last 3 months. Dag has been a buyer over the last 12 months, purchasing a net total of €1.1m worth in shares. Recent Insider Transactions • Dec 15
Chairman of the Board recently bought €64k worth of stock On the 13th of December, Dag Skansen bought around 13k shares on-market at roughly €4.89 per share. This was the largest purchase by an insider in the last 3 months. Dag has been a buyer over the last 12 months, purchasing a net total of €1.1m worth in shares. Recent Insider Transactions • Dec 03
Founder recently sold €1.2m worth of stock On the 1st of December, Jan Sagmo sold around 300k shares on-market at roughly €4.16 per share. This was the largest sale by an insider in the last 3 months. This was Jan's only on-market trade for the last 12 months. Executive Departure • Oct 12
Chief Financial Officer Kare Voldsund has left the company On the 1st of October, Kare Voldsund's tenure as Chief Financial Officer ended. We don't have any record of a personal shareholding under Kare's name. Kare is the only executive to leave the company over the last 12 months. 
