BEWi ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 01:00 am EST
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BEWi ASA reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 266.6 million compared to EUR 267.5 million a year ago. Revenue was EUR 266.6 million compared to EUR 267.5 million a year ago. Net loss was EUR 8.7 million compared to net income of EUR 10.3 million a year ago. Basic loss per share from continuing operations was EUR 0.05 compared to basic earnings per share from continuing operations of EUR 0.07 a year ago. Diluted loss per share from continuing operations was EUR 0.05 compared to diluted earnings per share from continuing operations of EUR 0.07 a year ago.
For the nine months, sales was EUR 852.6 million compared to EUR 774.7 million a year ago. Revenue was EUR 852.6 million compared to EUR 774.7 million a year ago. Net loss was EUR 8.4 million compared to net income of EUR 43.4 million a year ago. Basic loss per share from continuing operations was EUR 0.04 compared to basic earnings per share from continuing operations of EUR 0.28 a year ago. Diluted loss per share from continuing operations was EUR 0.04 compared to diluted earnings per share from continuing operations of EUR 0.27 a year ago.
Bewi ASA is a Norway-based international provider of packaging, components and insulation solutions. The Companyâs products protect and insulate everything from fish and vegetables to fragile products. They are used in walls, roofs and floors, under streets and roads and in bridges. Bewi ASA operates through four core business segments: RAW, a developer and producer of white and grey expanded polystyrene; Packaging & Components (P&C), a developer and manufacturer of standard and customized packaging solutions and technical components for customers in many industrial sectors; Insulation, a developer and manufacturer of a range of products and solutions for the building and construction industry, including foundations, walls, roofs, and ceilings, and Circular that offers different solutions for waste management and collection of used material, as well as offers a range of recycled materials. BEWI serves a range of end markets, such as pharmaceutical, automotive, and infrastructure.
BEWI ASA 
