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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Borregaard
Borregaard (BRG) investor relations material
Borregaard Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Q3 EBITDA reached a record NOK 557m, up 27% YoY from NOK 440m; margin was a record 29.4% versus 24.5%, with improved results across all business areas.
Revenue rose 5% to NOK 1,894m; strong Sarpsborg operations, cost-programme savings, energy-system optimisation and selective pricing supported performance.
Financial highlights
Q3 operating profit was NOK 408m versus NOK 293m; profit for the period was NOK 294m versus NOK 190m, and EPS was NOK 2.96 versus NOK 1.96.
9M revenue was NOK 6,013m versus NOK 5,880m, and EBITDA was NOK 1,500m versus NOK 1,473m; reported profit was NOK 345m versus NOK 685m.
9M EPS excluding non-recurring items was NOK 7.13 versus NOK 7.03; reported 9M EPS was NOK 3.51 versus NOK 7.03.
Q3 net currency impact on EBITDA was positive NOK 15m YoY; 2026 net currency impact was estimated positive NOK 25m versus 2025.
Outlook and guidance
Q4 BioSolutions volume expected at 75,000–80,000 tonnes, with product mix broadly in line with Q4 2025; BioMaterials volume expected at 35,000–37,000 tonnes.
BioMaterials specialised-grade share expected broadly in line with Q4 2025; Fine Chemicals bioethanol deliveries expected notably lower YoY and intermediates mix significantly weaker than Q3.
Wood costs expected broadly in line with Q3; spot electricity, LNG and sulphur prices expected to rise, with seasonal energy use and Sarpsborg maintenance affecting production.
Cost savings, long-term energy contracts and energy optimisation expected to support Q4; currency impact estimated positive by NOK 5m YoY.
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Latest events from Borregaard
- Scaling high-value bio-based specialities through disciplined growth and investment.BRG
Corporate presentation - Sharpened focus on specialization and high-value growth targets 5% annual revenue and 25% EBITDA margin.BRGCMD 2026
- Specialisation, sustainability, and innovation fuel growth in high-value bio-based markets.BRGCorporate presentation
- Q2 revenues and cash flow rose, but Alginor impairment and higher costs hit profit.BRGQ2 2026
- Sales volumes steady, but cost inflation and market uncertainty drive focus on cost controls.BRGPre-close call
- Specialisation, innovation, and sustainability drive growth and strong financial performance.BRGCompany presentation
- Specialisation, sustainability, and innovation drive growth and value in advanced biorefinery markets.BRGCorporate presentation
- EBITDA fell 16% year-over-year as cost inflation and weaker BioSolutions weighed on results.BRGQ1 2026
- Specialization, innovation, and sustainability drive growth, backed by strong financials and investment.BRGCMD 2024
Next Borregaard earnings date
Q4 20263 Feb, 2027
Borregaard
Next Borregaard earnings date
Q4 20263 Feb, 2027
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Frequently asked questions
Borregaard develops process technologies and biobased chemicals to replace existing oil-based chemicals and materials; and cellulosic sugars. It provides a range of enzymes/fermentation, including enzyme/fermentation based products for the animal feed industry; lignin based advanced fuel products for the shipping and transport industries; odor control systems for industrial applications; specialty fibers for paper industry, adhesives, and friction material industries, as well as norway spruce heartwood from sustainable forests; and advanced composites for product concepts.