Borgestad ASA (BOR) Earnings Call Transcripts

Borgestad ASA's Latest Earnings Call - Q1 FY2026

Borgestad ASA reported a challenging first quarter of fiscal year 2026, with a result before tax of negative NOK 28 million, a decline from negative NOK 21.6 million in Q1 2025. Revenue for Hoganas Borgestad decreased to NOK 181 million from NOK 186 million YoY, while Agora Bytom saw a revenue increase of 5.2%. Management highlighted external pressures such as EU trade measures and high electricity prices impacting the ferro-alloy sector, leading to temporary shutdowns and reduced activity. Despite these challenges, Borgestad remains fully financed and expects improved results in the coming quarters. No changes to guidance were explicitly mentioned, but management anticipates a pickup in revenues and profitability in Q2 and Q3 2026.

Reported metrics

Guidance from management

Management expects a substantial pickup in both revenues and profitability in Q2 and Q3 2026, driven by seasonal factors and internal improvements.

What management said

Then we have a question regarding the sale leaseback in Bjuv. Is the cash receipt expected immediately in the case of a favorable ruling in the Bjuv case? I can start answering. So as I said, we do expect to have a decision either just before the summer or in August. And we intend in close dialogue with the municipality to close the transaction as soon as possible following a favorable ruling. And then the -- we do...

What analysts pressed on

Analysts expressed concerns about the increase in right-of-use assets and lease liabilities, as well as the timing of cash receipts from the Bjuv sale leaseback agreement. Management clarified that lease increases were due to new long-term leases and expects cash proceeds from Bjuv to be distributed shortly after a favorable ruling.

Main topics on the call

• Challenging Market Conditions — Management noted 'increasingly challenging' market conditions in the Nordic refractory market, with impacts from EU trade measures and high electricity prices leading to temporary shutdowns in the ferro-alloy sector.
• Agora Bytom Performance — Agora Bytom reported a 5.2% revenue growth in Q1 2026, with EBITDA increasing to NOK 10.7 million from NOK 10.3 million YoY. The occupancy rate reached 96.4%, and management expects stable operations with increased perfo...
• Internal Improvement Initiatives — Hoganas Borgestad has initiated 'comprehensive internal improvement initiatives' to adapt and professionalize the organization, aiming to strengthen resilience and establish a platform for profitable growth.
• Bjuv Leaseback Agreement — The Bjuv leaseback agreement is pending a Supreme Court decision after a local resident's appeal. Management remains confident in a favorable outcome, which would allow the transaction to proceed and impact future produc...

Read the full Borgestad ASA transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 4 Borgestad ASA earnings call transcripts on record, spanning February 28, 2025 to May 21, 2026. Based on this history, Borgestad ASA reports semi-annually. The most recent call on file is dated May 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BOR

Exchange

OB

Country

NO

Sector

Materials

Industry

Construction Materials

Calls on record

4

First call

February 28, 2025

Most recent

May 21, 2026

Reporting cadence

semi-annually