Q3 2020 Borregaard ASA Earnings Presentation Transcript

Oct 21, 2020 / 06:00AM GMT
Presentation
Oct 21, 2020 / 06:00AM GMT

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Corporate Participants
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* Per Arthur Sørlie
Borregaard ASA - President & CEO
* Veronica Skevik
Borregaard ASA - VP of Finance

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Per Arthur Sørlie - Borregaard ASA - President & CEO

Good morning and welcome to this Third Quarter 2020 Presentation for Borregaard. I'll be joined this morning by our Vice President, Finance, Veronica Skevik Frey, who is standing in for our CFO this morning.

I'm Per Sørlie, the President and CEO, and we will take you through the following agenda this morning. Highlights for the quarter, the business segments and the market situation, the outlook for the remainder of the year. And then Veronica will take over and go through the financial performance.

First, the highlights for the third quarter. Our EBITDA came in at NOK 266 million, down NOK 20 million from the same quarter last year. This was primarily explained by a negative COVID-19 effects on demand in

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