BOR in Q1 recorded solid revenue growth in a seasonally weak quarter. EBITDA was however weaker, primarily due to the Properties segment which was hit by COVID-19, whereas Industries was less affected. Whereas the debt level (in local FX) now is at a record-low level, leverage increased, but the liquidity reserve of NOK 113m and the continued good asset backing provides comfort, especially in light of the upcoming debt maturities.
