BORGESTAD ASA
Sector unknown·BOR · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Labour and wages
Raw materials and inputs
DriverPositive impact: strengthens
“The people of Borgestad are the foundation of the Company’s success and the ones who deliver on customer promises. Borgestad’s ambition is to ensure that people thrive at work by providing a safe and inspiring workplace.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Borgestad employees, both workers and non-employee workers, are able to go through different trainings and certifications related to refractory production and installations. Many customers set strict certification requirements for installation workers to be allowed on the premises. For Borgestad to provide such projects to customers, the Company must ensure that the project employees receive the necessary training and certification before project start up.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Practices related to workers in the value chain For several years, Borgestad has been following the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct to integrate due diligence into procurement and to guide risk assessments of Company activities.”
Annual report 2024A · The company itself
Steel
Raw materials and inputs
StrategyPositive impact: strengthens
“Partnerships for recycled materials Borgestad targets the establishment of multiple smallscale production facilities for recycled products, strategically located at or near customer facilities to minimise transportation costs and environmental impact. This setup has been requested by several players, particularly in the steel industry, and will be designed to handle specific volumes of recycled materials with a limited range of products, supported by the main production site. Such facilities allow for a relatively low investment while ensuring adequate returns, while opening the door for installation business.”
Annual report 2024A · The company itself
Market
“Key operations include the Agora Bytom shopping centre in Poland, serving a broad consumer base, and Höganäs Borgestad, offering refractory products and services critical for high-temperature industrial processes across the Nordic countries.”
Annual report 2024A · The company itself
Market
“Circular economy practices such as using recycled input materials in refractory prod -ucts reduce emission costs and meet in-creasing demand for lower carbon products. operations Long Borgestad can capitalise on demand for low-carbon products by taking back refractory products from customers and use them again Upstream, own operations and downstream Long Borgestad has identified material negative impacts related to resource inflows through the extraction of non-renewable raw materials in its upstream value chain and related to downstream handling of waste generated from Borgestad’s production processes.”
Annual report 2024A · The company itself
Chains in: Wind power strengthens
Circular economy and recycling
Regulation
StrategyPositive impact: strengthens
“The Company will mitigate such risks through already planned actions such as building a new energy efficient factory in Sweden and increasing the rate of recycled raw materials in refractory products.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Targets related to resource use and circular economy Improve sustainability by using at least 10% recycled raw materials Borgestad is committed to achieving a share of at least 10 percent recycled materials in production by 2030. This aligns with the growing market demand for environmentally responsible products, as customers increasingly seek sustainable solutions.”
Annual report 2024A · The company itself
Chains in: EU climate and energy policy strengthens
Energy efficiency
Technology
StrategyPositive impact: strengthens
“Energy management plan in Bjuv Höganäs Borgestad has developed an energy management plan intended to identify actions to increase energy efficiency at its refractory plant in Bjuv over the period from 2023 to 2026. Through the energy management plan, Höganäs Borgestad has switched to a new compressor, updated the service vehicle policy to allow for use of electric and hybrid vehicles, updating purchasing routines to include environmental requirements and updated shutdown routines for press and crush. Additionally, Borgestad has commenced a switch to LED lighting which will continue gradually as old lighting is phased out.”
Annual report 2024A · The company itself
Market
“Non-renewable energy consumption from natural gas in Bjuv. operations Potential positive impact By supplying high-quality refractory products, Borgestad can help improve customers' energy efficiency.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens
Industrial manufacturing
End markets
Market
“Key operations include the Agora Bytom shopping centre in Poland, serving a broad consumer base, and Höganäs Borgestad, offering refractory products and services critical for high-temperature industrial processes across the Nordic countries.”
Annual report 2024A · The company itself
Real estate
End markets
Market
“Borgestad is an investment Company that operates in the real estate and the industrial sector. Key operations include the Agora Bytom shopping centre in Poland, serving a broad consumer base, and Höganäs Borgestad, offering refractory products and services critical for high-temperature industrial processes across the Nordic countries.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens
Retail
End markets
Market
“Key operations include the Agora Bytom shopping centre in Poland, serving a broad consumer base, and Höganäs Borgestad, offering refractory products and services critical for high-temperature industrial processes across the Nordic countries.”
Annual report 2024A · The company itself
Chains in: Consumer spending strengthens
Solar power
Technology
StrategyPositive impact: strengthens
“Installation of solar panels at Agora Bytom can make the mall energy self-sufficient Long Policies related to climate change mitigation and adaptation Act for Sustainable Business Practices statement both address climate change indirectly through a general commitment to protect the environment and reduce negative impacts.”
Annual report 2024A · The company itself
Rare earths and critical raw materials
Raw materials and inputs
DriverNegative impact: weakens
“Carbon pricing mechanisms such as EU ETS and CBAM can increase operational costs and cost of purchased goods and services. operations Increased demand for critical raw materials due to the clean energy transition can increase prices.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“Borgestad primarily uses andalusite, bauxite, mullite, chamotte and clay in its production process. The inflow of these materials is listed in table 4.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“As Borgestad and the suppliers the Company purchases traded refractory goods from are reliant on a few raw material suppliers that dominate the global market, looking into the upstream value chain for raw material production was particularly important.”
Annual report 2024A · The company itself
Chains in: Wind power strengthens
Carbon tax and ETS prices
Regulation
DriverNegative impact: weakens
“Carbon pricing mechanisms such as EU ETS and CBAM can increase operational costs and cost of purchased goods and services. operations Increased demand for critical raw materials due to the clean energy transition can increase prices.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“The cement Borgestad purchases is covered by CBAM, with potentially more goods being subject to CBAM in coming years. It is therefore crucial that the Company collects credible emissions data.”
Annual report 2024A · The company itself
Chains out: this weakens Shipping and logistics, strengthens Energy efficiency, weakens Cement and building materials
Aluminium
Raw materials and inputs
InputNegative impact: weakens
“The value chain includes mining and extraction of raw materials such as bauxite, andalusite and chamotte, manufacturing of refractory traded goods, road and sea transportation, support functions such as maintenance, cleaning and IT, refractory production, installations and repairs, real estate activities and waste management.”
Annual report 2024A · The company itself
Cement and building materials
Raw materials and inputs
InputNegative impact: weakens
“The value chain includes mining and extraction of raw materials such as bauxite, andalusite and chamotte, manufacturing of refractory traded goods, road and sea transportation, support functions such as maintenance, cleaning and IT, refractory production, installations and repairs, real estate activities and waste management.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices weakens, Reconstruction of Ukraine strengthens
Geopolitical uncertainty
Macro
DriverNegative impact: weakens
“The Board of Directors has as everyone else recognized the uncertainty in the global world, with several ongoing wars and potential trade wars between countries and regions. For Borgestad the direct consequence of potential trade wars are considered minor, but the indirect consequence can be that especially the customers of Höganäs Borgestad Group will have difficulties of selling their products due to lower consumption and higher cost for raw materials. This effect can lead to lower demand for refractory products, service and installation.”
Annual report 2024A · The company itself
Chains out: this strengthens Defence budgets, strengthens Energy security, strengthens Tariffs and trade policy, weakens Global trade volumes, strengthens Sea freight and freight rates, weakens Reconstruction of Ukraine
Tariffs and trade policy
Macro
DriverNegative impact: weakens
“The Board of Directors has as everyone else recognized the uncertainty in the global world, with several ongoing wars and potential trade wars between countries and regions. For Borgestad the direct consequence of potential trade wars are considered minor, but the indirect consequence can be that especially the customers of Höganäs Borgestad Group will have difficulties of selling their products due to lower consumption and higher cost for raw materials. This effect can lead to lower demand for refractory products, service and installation.”
Annual report 2024A · The company itself
Chains in: Geopolitical uncertainty strengthens
Chains out: this weakens Global trade volumes
Climate change and extreme weather
Macro
DriverNegative impact: weakens
“Heat stress can lead to water shortage and adverse working conditions causing delays in extraction of raw materials, potentially increasing raw material prices.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Heavy rain can cause production disruptions at mining sites potentially increasing raw material prices, and cause production disruptions and/or damages to assets in the Bjuv factory. operations Low water levels in critical areas of transportation routes can increase transportation costs and lead times.”
Annual report 2024A · The company itself
Chains out: this weakens Agriculture and food production
Nordics
Geography
Geography
“The Company strategy is to deliver effective hightemperature solutions that enhance customer productivity and competitiveness in key industries in the Nordics and position itself with high quality products that plays an important part in reducing end users’ energy consumption, while strengthening market presence, enhancing profitability, and optimising operational efficiency.”
Annual report 2024A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 1.14 bn NOK |
| Revenue growth vs. the year before, same method | 3.1 % |
| EBITDA reported by the company | 0.14 bn NOK |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | 1.29 NOK |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (NOK), not converted to DKK. Quotes are shown as the company's own words in the report's original language.