Elkem ASA ( (ELKEF) ) has released its Q1 earnings. Here is a breakdown of the information Elkem ASA presented to its investors.
Elkem ASA is a Norwegian company operating in the materials sector, specializing in the production of silicones, silicon products, and carbon solutions. In the first quarter of 2025, Elkem reported an EBITDA of NOK 898 million, a 25% increase from the previous year, despite facing challenges such as weak demand, maintenance stops, and power curtailment. The company is undergoing a strategic review of its Silicones division to streamline operations and focus on growth in its Silicon Products and Carbon Solutions divisions. Key financial metrics for the quarter include a total operating income of NOK 8,016 million, a slight increase from the previous year, and an earnings per share of NOK -0.33. The Silicones division saw a significant improvement in EBITDA due to better cost management, while Silicon Products faced a decline due to market conditions. Carbon Solutions maintained stable performance with high margins. Looking forward, Elkem’s management remains optimistic about navigating market uncertainties due to its diversified geographic presence and strategic initiatives.