We published our latest update on Borgestad post the Q4/25 report on February 27. Since then, there has been no company specific news, but the global trade turmoil has increased in complexity. We heavily revised our EBITDA projections downwards post the latest figures released and thus, make fairly small revisions ahead of the Q1/26 report. We keep our fair value range of NOK 16.1-22.9/share unchanged but recognize that estimate uncertainty has increased in recent weeks. In addition, we view the ....
