Borregaard runs one of the world’s most advanced wood-based biorefineries, converting spruce into specialty cellulose, lignin biopolymers and bio-based vanillin and fine chemicals. Its products serve adhesives, construction, agriculture, food, pharmaceuticals and other industrial niches as alternatives to petroleum-derived inputs. The integrated Sarpsborg model—maximizing value from every wood fraction rather than bulk pulp alone—is the core competitive edge.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 2,036 | — | 251 | 25.8% |
| Q2 2025 | 2,045 | — | 255 | 4% |
| Q4 2025 | 1,833 | — | -81 | -162.6% |
| Q1 2026 | 2,005 | -1.5% | 182 | -27.5% |
| Q2 2026 | 2,114 | 3.4% | -127 | -149.8% |
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Other companies on Oslo: Europris ASA (EPR), BW Energy Limited (BWE), Norwegian Air Shuttle ASA (NAS), BlueNord ASA (BNOR), Solstad Maritime ASA (SOMA), MPC Container Ships ASA (MPCC)