Highlights:

Borgestad Groups profit before tax at MNOK 44.1 for Q3'24 compared to MNOK -29.4
in Q3'23. 
 
EBIT margin at 7.4 percent for Höganäs Borgestad Group LTM'24 compared to
adjusted EBIT at 3.2 percent LTM'23.

Agora Bytom delivered an EBITDA of MNOK 10.3 in Q3'24 compared to an EBITDA of
MNOK 8.0 in Q3'23. 
    
Borgestad ASA strengthened its team with the addition of Bendik Persch Andersen
as Head of M&A, Corporate Development, and Investor Relations.

Borgestad ASA's report and presentation for third quarter of 2024 is attached
hereto.

The contact person is Pål Feen Larsen, CEO Borgestad ASA, +47 48 84 53 33
or

Bendik Persch Andersen, Head of M&A, Corporate Development and Investor
Relations in Borgestad ASA, +47 98 83 67 27
- -

This information is subject to disclosure requirements pursuant to the
Securities Trading Act §5-12.


About Borgestad| www.borgestad.no
Borgestad ASA (OSE:BOR) is an investment company focused on real estate and
industry. The key investments include Agora Bytom shopping center and the
leading refractory manufacturer Höganäs Borgestad.

About Höganäs Borgestad | www.hoganasborgestad.com
Höganäs Borgestad develops, manufactures and delivers refractory products,
installations and turnkey solutions that enhance the productivity and
competitiveness of industrial customers. The aim is to contribute to the
customers' profitability by providing high-value refractory solutions to their
challenges. Today, the company is a leading supplier in the refractory market of
the Nordic countries and has a global presence in a number of selected
application areas.