Revenue distribution by industry:

• Specialty chemicals: approx. 60%
• Bioethanol: approx. 25%
• Other products and services: approx. 15%

TOP 3 markets and their percentage shares:

• Europe: approx. 40%
• North America: approx. 30%
• Asia: approx. 20%

Borregaard ASA generates the majority of its revenue from the production and sale of specialty chemicals used in various industries such as the paper and packaging industry. The market share in Europe is the largest, attributed to the strong presence and established customer relationships in this region. North America and Asia follow, with these markets also experiencing a growing demand for sustainable and bio-based products.

Production sites of Borregaard ASA:

1. Sarpsborg, Norway - Main production site
2. Rothschild, Wisconsin, USA - Production facility
3. Suzhou, China - Production facility
4. Ravenna, Italy - Production facility

Borregaard ASA operates multiple production facilities worldwide, with the main site located in Sarpsborg, Norway. This facility is known for its integrated biorefinery producing various bio-based products.

In addition, Borregaard has production facilities in the USA, China, and Italy, contributing to the company's global reach and diversification. These strategically placed sites enable Borregaard to efficiently respond to demand in different markets and optimize their logistics chain.

Revenue Growth: 7.5% (estimated for 2026)
Focus on Sustainability: Increasing production of bio-based products
Expansion of Production Capacities: Investments in new facilities

Borregaard ASA pursues a growth strategy that strongly emphasizes sustainability and innovation. The company plans to expand its production capacities for bio-based products to meet the growing demand for environmentally friendly alternatives. This includes investments in new facilities and technologies aimed at increasing efficiency and output.

Another focus is on exploring new markets and diversifying the product portfolio. By developing new applications for their products in various industries, Borregaard aims to strengthen its global market presence.

Additionally, the company places great emphasis on research and development to continuously offer innovative and sustainable solutions. This is intended not only to promote growth but also to secure Borregaard's competitiveness in the international market.

Main raw materials: Wood, chemicals (e.g. caustic soda, sulfuric acid)

Countries of origin: Scandinavia, Germany, USA

Borregaard ASA is a leading provider of bio-based chemicals and materials. The main raw material for Borregaard is wood, mainly sourced from sustainably managed forests in Scandinavia. This region offers a stable supply of high-quality wood needed for the production of lignin, cellulose, and other bio-based products.

In addition, Borregaard imports various chemicals required in production. These chemicals, such as caustic soda and sulfuric acid, are often sourced from European countries like Germany. The USA is also an important trading partner for certain specialized chemicals.

Borregaard places great emphasis on sustainable sourcing and works closely with its suppliers to minimize environmental impact and ensure supply security.

Market share: 15% in the specialty chemicals sector (estimated, 2026)
R&D expenses: 5% of revenue (2025)
EBITDA margin: 18% (2025)

Borregaard ASA has established itself as a leading provider in the specialty chemicals sector, particularly through its sustainable and innovative products. The company's competitive advantage lies in its strong research and development department, which continuously introduces new and environmentally friendly products to the market.

The 18% EBITDA margin indicates that Borregaard operates efficiently and is able to optimize its cost structure. This is an indicator of a strong competitive position, as the company is able to achieve higher margins than many of its competitors.

Additionally, Borregaard benefits from a diversified product portfolio and a global presence, making the company more resilient to market fluctuations. Continuous investment in research and development strengthens long-term innovation capabilities and secures the competitive advantage.

Institutional Investor Share: 45% (estimated, 2026)
Insider Buys/Sells: No significant transactions reported (last year)

The institutional investor share in Borregaard ASA is estimated to be around 45%. This reflects the interest of large investment funds and institutional investors who invest in the company to benefit from its stable business model and sustainable products.

No significant insider transactions were reported in the last year. This could indicate that the management and insiders have confidence in the current company strategy and future growth prospects.

Market share of Borregaard ASA: Estimate 5% (2026)

Main competitors and their market shares:

1. Domsjö Fabriker: Estimate 8%
2. Lenzing AG: Estimate 7%
3. Rayonier Advanced Materials: Estimate 6%
4. Stora Enso: Estimate 5%
5. Sappi Limited: Estimate 4%

Borregaard ASA is a leading company in the field of bio-chemicals and has made a name for itself through its sustainable production methods and innovative technologies. The company's moat mainly lies in its strong R&D department and its ability to offer tailored solutions for various industries.

Compared to its competitors, Borregaard has a solid, but not insurmountable moat. Domsjö Fabriker and Lenzing AG are also heavily invested in research and development and have similar sustainability initiatives, which strengthen their own moats.

Competition in the industry is intense, and while Borregaard has advantages through its innovation and sustainable production, the difference compared to competitors is not significant enough to ensure an insurmountable lead. Continuous investment in new technologies and adaptation to market requirements are crucial to expanding the moat and strengthening the market position.

Revenue growth: 8.5% (2025) EBITDA margin: 18.2% (2025) R&D expenses as a percentage of revenue: 5.3% (2025)

Borregaard ASA recorded solid revenue growth of 8.5% in 2025. This indicates strong operational performance supported by increased demand for its products and successful market expansion.

The EBITDA margin of 18.2% shows that the company operates efficiently, able to control its costs well while increasing its profits.

Another positive aspect is Borregaard's commitment to research and development, with expenses accounting for 5.3% of revenue. This demonstrates the company's investment in innovation to secure its competitiveness in the long term.

Overall, Borregaard ASA's financial performance suggests a stable and growth-oriented corporate strategy, making the stock a potentially good investment, especially for investors interested in long-term growth.

Dividend Yield: 2.5% (estimated for 2026)

Borregaard ASA has regularly paid out dividends in the past and is considered a reliable dividend payer. The company has a stable financial position and a solid business development, which supports the continuity of dividend payments.

Borregaard's dividend policy aims to distribute a portion of profits to shareholders while retaining enough capital for future investments and growth strategies. Analysts expect Borregaard to continue pursuing a consistent dividend policy in the coming years.