Borealis Half-Year Report 2023

In the first six months of 2023, Borealis reported an operating profit of EUR 84 million (thereof: EUR 108 million
from continuing operations and EUR -25 million from discontinued operation), a sharp drop from the near-record
EUR 936 million (thereof: EUR 665 million from continuing operations and EUR 271 million from discontinued operation)  achieved for the same period of 2022. The decrease is attributed to 2023’s overall lower market prices, a weaker European polyolefins market and the sharp decline in the Borealis nitrogen business.

Increased market volatility and a weaker price environment in the core business areas have put a damper on expectations in the short term. Yet Borealis has proven itself to be a trusted and reliable partner for its customers and value chain partners at all times, whether in booms or downturns. As a circular economy innovator dedicated to re-inventing essentials for more sustainable living, Borealis is uniquely positioned to offer the material solutions needed by end consumers and industry alike.