Good Operational Performance
Despite the challenging macroeconomic environment, Elkem achieved an EBITDA of NOK 829 million for Q3, with a margin of 11%. This performance is largely driven by operational efficiencies and ongoing cost improvements.
Carbon Solutions Resilience
Carbon Solutions division recorded an EBITDA margin of 28% in Q3, demonstrating resilience and stability in earnings despite challenging market conditions.
Improved Cost and Market Positions
Silicones division improved on cost and market positions, resulting in a 23% increase in EBITDA compared to the same period last year.
ESG Recognition
Elkem received a gold rating from EcoVadis, placing it among the top 5% of assessed companies globally, recognizing its efforts in reducing CO2 emissions and promoting circularity.
Strategic Review Process
The strategic review for the Silicones division is on track, with an expected transaction closure by the first half of 2026, potentially enhancing the division's market positioning.
Competitive Cost Position
Elkem's Salten and Thamshavn plants are positioned as among the lowest cost producers in the western world for silicon metal, according to CRU analysis.