All-timehigh EBITDA1 NOK 445 million (NOK 416 million)
Increased sales prices and strong product mix in BioSolutions
Higher sales prices but lower deliveries in BioMaterials and Fine Chemicals
Higher energy, raw material and freight costs
Positive net currency impact
Cash flow negatively affected by significant increase in net working capital
3
1 Alternative performance measure, see Appendix for definition
BioSolutions markets - Q2
NOK per mtds
Average gross sales price1
12 000
11 000
9 780
10 150
10 000
9 244
9 000
7 838
7 709
7 761
8 000
000
6 000
Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22
Sales price and sales volume include lignin-based biopolymers and biovanillin
'000 mtds
Sales volume
2021
125
2022
90
100
92
100
81
90
84
75
50
25
0
Q1
Q2
Q3
Q4
Average price in sales currency 23% above Q2-21
Higher sales prices and strong product mix
Positive development for applications within agriculture, construction, oilfield chemicals and batteries
Positive FX impact
Sales volume 10% lower vs Q2-21
Q2-21positively affected by sales from inventories
Tight market for synthetic vanillin and ethyl vanillin continued to have a positive impact
4
1 Average sales price is calculated using actual FX rates, excluding hedging impact
BioMaterials markets - Q2
NOK per mt
Average gross sales price1
15 000
13 656
14 000
12 595
13 000
12 000
10 641
10 754
10 972
10 911
11 000
10 000
9 000
Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22
Sales price and sales volume include speciality cellulose and cellulose fibrils
Average price in sales currency 23% higher than Q2-21
Higher sales prices
Speciality cellulose market continued to be tight with strong demand
Positive FX impact
Lower deliveries of speciality cellulose
Timing of shipments
Sales from inventory in Q2-21
'000 mt
47,5
Sales volume
2021
50
2022
42,4
39,4
40,2
40
36,6
34,3
30
20
10
0
Q1
Q2
Q3
Q4
5
1 Average sales price is calculated using actual FX rates, excluding hedging impact
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Borregaard ASA published this content on 15 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2022 05:13:03 UTC.
Borregaard ASA is a Norway-based biorafinery. The Group provides sustainable products and solutions based on renewable raw materials. Its business model is closely linked to the integrated nature of its biorefinery in Norway, which utilises the three key components of wood cellulose fibres, lignin and sugars to produce a diversified portfolio of products. The Company operates through three business segments. BioSolutions develops, produces and sells biopolymers and biovanillin from lignin. BioMaterials develops, produces and sells speciality cellulose mainly for use as a raw material in the production of cellulose ethers, cellulose acetate and other speciality products. Fine Chemicals consists of second-generation bioethanol and intermediates mainly for contrast agents.
BORREGAARD ASA 
