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Behandler innhold .. vennligst vent..
OldNick
09:39
23.01.2025
#33929
|
OKEA: Q4-2024 trading update
Børsmelding
23.01.2025
Trondheim - OKEA ASA (OSE:OKEA) will publish its financial report for Q4-2024 on Thursday 30.01.2025 at 06:00 (CEST). This trading update is provided to summarise production and sales volumes and related updates for the quarter.
Fourth quarter 2024 production and sales
Text (unit): Q4-2024, Q3-2024, FY-2024
Total operating income (MNOK): 2 262, 2 926, 11 246
Capital expenditure (MNOK): 767, 646, 3 092
Realised crude oil price (USD/boe): 76.7, 79.9, 82.5
Realised NGL price (USD/boe): 48.6, 46.8, 46.0
Realised liquids price (USD/boe): 69.2, 74.9, 77.2
Realised gas price (USD/boe): 80.0, 68.9, 67.4
Net production* (Kboepd): 37.8, 37.3, 38.9
Third-party volumes available for sale (Kboepd): -0.2, 0.0, -0.1
Over/underlift/Inventory adjustments (Kboepd): -8.4, 3.6, -1.3
Net sold volume** (Kboepd): 29.2, 40.8, 37.5
Net sold volumes - crude oil (Kboepd): 13.9, 27.4, 24.0
Net sold volumes - NGL (Kboepd): 5.1, 4.9, 4.0
Net sold volumes - gas* (Kboepd): 10.2, 8.4, 9.4
Text (unit): 31.12.2024, 30.09.2024
Total liquidity (MNOK) 3 533, 3 865
Interest bearing bonds (MNOK): 2 798, 2 583
* Yme production volumes in Q4 2024 include October and November volumes divided by 92 days. By including 12 months of Yme production full year 2024 net production ended at 39.1 kboepd
** Includes delivered compensation volumes to Duva and Nova (tie-in to Gjøa)
The realised crude oil price was USD 76.7 (79.9) per boe and the realised NGL price was USD 48.6 (46.8) per boe. This resulted in an average realised liquids price of USD 69.2 (74.9) per boe. Realised gas price was USD 80.0 (68.9) per boe of which USD -0.2 (10.4) per boe was attributable to gain on fixed price contracts.
NOK weakened from 10.5 to 11.4 (8%) against the USD during the quarter, which resulted in an unrealised currency exchange loss on the USD 250 million in outstanding bond loans.
Production for 2024 ended at 39.1 kboepd, slightly above the guidance of 37-39 kboepd. Production excluding Yme ended at 36.0 kboepd.
Capex for 2024 ended at NOK 3.1 billion, slightly below the guidance of NOK 3.2 - 3.5 billion. Capex excluding Yme ended at NOK 3.0 billion.
OKEA will release its fourth quarter 2024 results on Thursday 30.01.2025 at 06:00 CET. A presentation of the results will be held on the same day through a webcast and audio conference starting 10:00 CET. The presentation will be held by Svein J. Liknes (CEO) and Birte Norheim (CFO).
OKEA Webcast Q4-2024
For further information, please contact:
Birte Norheim, CFO, E-mail: birte.norheim@okea.no, tel. +47 9529 3321
[Kommentar: 1 vedlegg på link] |
highlander
01:40
06.02.2025
#49536
|
DNB Markets oppgraderer Elkem til kjøp fra hold og oppjusterer sitt kursmål på aksjen til 30 kroner fra 20 kroner.
- Vi ser oppsidepotensial fra et mulig salg av silikonvirksomheten etter den annonserte strategiske gjennomgangen. Vi tror divisjonene Silicon Products og Carbon Solutions kan være verdt rundt 20 milliarder kroner, i tillegg til det potensielle kontantvederlaget for Silicones-divisjonen. Kontantavkastning bør komme opp med kraftig lavere capex. Etter vår mening er hovedrisikoen at salget ikke materialiserer seg>, skriver DNB Markets ifølge TDN.
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Pareto Securities oppjusterer kursmålet på Elkem til 30 kroner fra 26 kroner og gjentar en kjøpsanbefaling.
- Salg av Silikon-divisjonen vil være en "game changer", da det effektivt eliminerer eksponeringen mot det overforsynte kinesiske silikonmarkedet og handelskrigrisikoen, som begge har tynget verdsettelsen", skriver Pareto.
---
Også SEB oppjusterer sitt kursmål på Elkem til 30 kroner fra 26 kroner, og gjentar en kjøpsanbefaling på aksjen.
Meglerhuset antar en selskapsverdi (EV) på 6,5 milliarder kroner for Silicones-divisjonen ved et eventuelt salg av virksomheten.
For den gjenværende virksomheten i Elkem estimerer SEB et resultat pr aksje på 2,73 kroner i 2025. Dette gir oppside "selv om Silicones-segmentet skulle bli gitt bort for ingenting", skriver SEB. |
OldNick
23:52
17.02.2025
#34153
|
Elkem ASA kom med sitt Q4-resultat forrige onsdag.
ELK: Q4-2024 - Improved Silicones profitability and strategic review initiated
Børsmelding
12.02.2025
Oslo . Elkem's EBITDA for Q4-2024 was NOK 1,161 million, up from NOK 632 million in the corresponding quarter last year. Elkem remained resilient amid challenging market conditions, due to good cost positions and a strong asset base. Improved results in 2024 were driven by Elkem's improvement and capex reduction programme, which exceeded targets. The board proposes a dividend of NOK 0.30 per share.
Elkem's total operating income for Q4-2024 was NOK 8 498 million, an increase of 5% compared to Q4-2023. Earnings before interest, taxes, depreciation and amortisation (EBITDA) was NOK 1 161 million, up 84% from the corresponding quarter last year. Earnings per share (EPS) was NOK -0.03 in the quarter, and NOK 0.77 year-to-date. The board proposes a dividend of NOK 0.30 per share.
"Despite continued adverse market conditions, all three divisions delivered improved EBITDA compared to the corresponding quarter last year," says Elkem's CEO Helge Aasen. "The Silicones division delivered the best result since Q3-2022, driven by operational improvements and higher sales volumes. The Silicon Products and Carbon Solutions divisions reported stronger results, amid continued weak demand. Elkem closes 2024 with a good cost position and a strong asset base. The company is well positioned to further improve profitability once demand recovery gets underway."
In 2024, Elkem introduced a comprehensive improvement programme to counter weak macro-economic conditions and challenging markets. The programme delivered good results, exceeding targets. The target was to improve EBITDA by at least NOK 1.5 billion and to reduce capital expenditures by NOK 2.0 billion compared to 2023. In 2024, Elkem realised EBITDA improvements of NOK 1.7 billion and capital expenditures were reduced by NOK 2.2 billion.
Elkem announced in January 2025 that it has initiated a strategic review of the Silicones division. The purpose of the review is to streamline Elkem and enable allocation of capital to accelerate growth in the Silicon Products and Carbon Solutions divisions. The decision follows a thorough review of the growth and return prospects of Elkem, as well as its capital allocation strategy and the market dynamics in the silicones business. The Silicones division has been reclassified in the accounts as discontinuing operations and assets held for sale, following the strategic review decision.
In December 2024, Elkem and Hafslund entered into a long-term power agreement for the period 2028 to 2035. The annual contract volume is approximately 400 GWh, with delivery in the NO3 price area. Elkem is now well-positioned with long-term power contracts in Norway with at least 75% of the electricity consumption secured at competitive rates until end of 2029.
Sustainability is an integrated part of Elkem's strategy. In February 2025, Elkem was awarded the top score of A on Forest and Water Security, and B on Climate Change by CDP. The A scores are a recognition of Elkem's environmental transparency and commitment to corporate social responsibility and reflect the efforts we make in our operations and along our supply chain.
The group's equity as at 31.12.2024 amounted to NOK 26 020 million, which gave a ratio of equity to total assets of 49%. Net interest-bearing debt was NOK 10 327 million, which gave a ratio of net interest-bearing debt to EBITDA of 2.5x. Elkem had cash and cash equivalents of NOK 6 070 million as at 31.12.2024, and undrawn credit lines of more than NOK 6 000 million.
Elkem continues to benefit from the effects of the 2024 improvement programme. The focus on operational improvements will continue as markets are characterised by high uncertainty going into 2025. Silicones markets are expected to remain stable and Elkem will benefit from new, improved capacity in China and France. First quarter will, however, be impacted by Chinese New Year and maintenance work. The Silicon Products division benefits from strong cost and market positions but is curtailing production in Iceland due to the power situation, and in Norway due to maintenance. The Carbon Solutions division continues to take advantage of strong market positions and geographical diversification, but customer-announced capacity reductions will affect first quarter sales volume.
For further information, please contact:
Odd-Geir Lyngstad, VP Finance & IR, tel. +47 9767 2806, E-mail: odd-geir.lyngstad@elkem.com
Marianne Stigset, VP Corp.Comm. & Public Affairs, tel. +47 4118 8482, E-mail: marianne.stigset@elkem.com
ELK: Q4-2024 Report (PDF)
ELK: Q4-2024 Presentation (PDF)
ELK: Q4-2024 Financials (XLSX)
ELK: Investor relations
______
ELK: Elkem ASA - Key information relating to the proposed cash dividend
Børsmelding
12.02.2025
Oslo - The board of directors of Elkem ASA has decided to propose to the Annual General
Meeting an ordinary dividend for 2024 of NOK 0.30 per share.
Dividend amount: NOK 0.30 per share
Declared currency: NOK
Date of approval: 30.04.2025
Last day including right: 30.04.2025
Ex-dividend date: 02.05.2025
Record date: 05.05.2025
Payment date: On or about 12.05.2025
______
Håper på over 10 mrd. kroner
Elkem gjør ingen nedskrivninger i sin silikonvirksomheten, som er ute til salgs. Det er lov til å håpe på en høyere pris en antatt, sier en analytiker.
Sigurd Sveen, FA.no
12.02.2025
Endret 00:03 18.02.2025 av OldNick |
highlander
01:02
18.02.2025
#49593
|
Sparebank 1 Markets øker kursmålet på Elkem med en femmer, fra 25 til 30 kroner, i en analyseoppdatering etter fjerdekvartalsrapporten, jf. OldNick #34153.
Nordea Markets oppjusterer kursmålet fra 24 til 28 kroner.
Begge meglerhus gjentar samtidig sin kjøpsanbefaling på aksjen. |
highlander
02:58
11.04.2025
#49797
|
SEB gjentar sin kjøpsanbefaling på Elkem i en analyseoppdatering.
Imidlertid kutter meglerhuset kursmålet fra 29 til 22 kroner. |
highlander
06:11
27.04.2025
#49859
|
Pareto Securities nedjusterer kursmålet på Elkem til 28 kroner fra 30 kroner, og gjentar en kjøpsanbefaling.
"Begrensninger og vedlikeholds-stans vil gjøre første kvartal spesielt svakt, og vi er 16 prosent under konsensus. Vi gjør betydelige kutt i Silicones, ettersom tariffer ventes å veie ytterligere på det allerede myke markedet", skriver Pareto ifølge TDN.
Meglerhuseet senker samtidig sitt 2025-estimat for ebitda med 10 prosent.
Nordea Markets nedjusterer kursmålet på Elkem til 26 kroner fra 28 kroner, og gjentar en kjøpsanbefaling på aksjen.
"Mens det gjenstår å se den fulle effekten fra den nåværende geopolitiske uroen, vil markedsbalansen for Elkems produkter trolig svekkes noe på grunn av forventinger om lavere global BNP-vekst. Derfor senker vi EPS (resultat pr aksje)-estimatene for 2025-2027 med henholdsvis 48, 38 og 33 prosent", skriver Nordea. |
OldNick
09:28
07.05.2025
#34657
|
ELK: Elkem, NCL and MPCC inaugurate low-emissions container vessel to strengthen strategic European silicon value chains
Børsmelding
01.04.2025
______
Elkem ASA kom med sitt Q1-2025 resultat forrige onsdag.
ELK: Q1-2025 - Elkem well positioned in turbulent markets
Børsmelding
30.04.2025
Oslo - Elkem's EBITDA for Q1-2025 was NOK 898 million, up from NOK 721 million in the corresponding quarter last year. The first quarter was characterised by weak demand and turbulent markets. In addition, results were impacted by maintenance stops and power curtailment. The strategic review to streamline the company's business portfolio is underway, with a target to conclude before year-end.
Elkem's total operating income for Q1-2025 was NOK 8 016 million, which was 1% higher than Q1-2024. Earnings before interest, taxes, depreciation and amortisation (EBITDA) was NOK 898 million, up 25% from the corresponding quarter last year. Earnings per share (EPS) was NOK -0.33 in the quarter, negatively impacted by the results in Silicones, which has been classified as discontinued operations.
In the first quarter, the Silicones division delivered an EBITDA significantly higher compared to the same period last year and a 16% increase in operating income, in large part due to improved cost positions. The Silicon Products division was impacted by generally weak markets, maintenance stops in Norway and power curtailment in Iceland, resulting in a 12% reduction in total operating income and 28% EBITDA decline year-on-year. Carbon Solutions maintained a stable performance and high margins, reporting a 3% increase in total operating income and a 5% increase in EBITDA year-on-year.
"Market uncertainty has been ramping up due to geopolitical turmoil and trade tensions, which could dampen global economic growth. However, Elkem's geographically diversified production sites may offer strategic opportunities to mitigate the negative effects from trade measures," says Helge Aasen, CEO of Elkem. "Both the EU and the US are net importers of Elkem's products, including silicon, ferrosilicon, foundry alloys, and silicones. Thus, the direct effect of tariffs introduced on either side of the Atlantic could be modest on Elkem. Indirect effects in the form of reduced overall market demand could be more substantial, but our business model offers flexibility to address and mitigate this."
Elkem announced in January 2025 that it has initiated a strategic review of the Silicones division. The purpose of the review is to streamline Elkem and enable allocation of capital to accelerate growth in the Silicon Products and Carbon Solutions divisions. The Silicones division has been reclassified in the accounts as discontinuing operations and assets held for sale. The strategic review is underway, with a target to conclude before year-end.
Sustainability is an integrated part of Elkem's strategy. Elkem's climate strategy is built on two main pillars: to reduce CO2 and other emissions, and to supply the green transition with critical materials. Elkem is engaged in several initiatives throughout the value chain to reduce emissions. Together with shipping partner NCL, the company is deploying two dual-fuel methanol 1 300 TEU container ships, which trade between Norway and Rotterdam. In April 2025, Elkem also launched a pioneering new range of recycled silicones for the label industry, with 70% lower carbon footprint.
The group's equity as at 31.03.2025 amounted to NOK 24 875 million, which gave a ratio of equity to total assets of 50%. Net interest-bearing debt was NOK 10 980 million, which gave a ratio of net interest-bearing debt to EBITDA of 2.5x. Elkem had cash and cash equivalents of NOK 4 427 million as at 31.03.2025, and undrawn credit lines of more than NOK 6 000 million.
Markets are characterised by significant uncertainty due to global trade tensions, but Elkem is well positioned due to diversified geographic footprint and independent value chains. Silicones markets are likely to be affected by trade tensions. Disruptions in the Chinese markets may be compensated by new opportunities for Elkem's French production sites. Silicon Products continues to face low demand. EU reference prices for silicon metal have declined early second quarter, but the division still benefits from strong cost and market positions. Carbon Solutions benefits from good cost positions and geographically diverse market positions.
For further information, please contact:
Odd-Geir Lyngstad, VP Finance & IR, tel. +47 9767 2806, E-mail: odd-geir.lyngstad@elkem.com
Marianne Stigset, VP Corp.Comm. & Public Affairs, tel. +47 4118 8482, E-mail: marianne.stigset@elkem.com
ELK: Q1-2025 Report (PDF)
ELK: Q1-2025 Presentation (PDF)
ELK: Q1-2025 Financials (XLSX)
ELK: 2024 Annual Report (PDF)
ELK: Investor relations
______
ELK: Elkem ASA - Ex dividend NOK 0.30 today
Børsmelding
02.05.2025
______
Oppgang på Oslo Børs etter resultatrush
Elkem-toppsjefen er bekymret for effekten av handelskrig. Aksjen endte ned over -7.5% på børsen onsdag.
Karl Biehl, Kjetil M. Hovland, Asgeir A. Nilsen, Ada Lea, Truls Lier, Anders N. Kvale, Jørgen I. Strømsnes, E24.no
30.04.2025 |
highlander
23:30
24.06.2025
#50009
|
SEB høyner kursmålet på Elkem til 28 kroner pr aksje, fra 23 kroner, og gjentar kjøpsanbefaling på aksjen.
"Vi beholder vår verdsettelse på RemainCo på 18 kroner pr aksje, samt vår salgspris på 8,5 milliarder kroner for silikonsegmentet. Med avtagende handelsspenninger mellom USA og Kina fjerner vi får sannsynlighetsvekt på 50 prosent for et salg av silikonsegment og øker dermed vårt kursmål til 28 kroner. Vi ser fortsatt et attraktivt risiko/avkastningsforhold og gjentar kjøp", skriver SEB ifølge TDN.
Pareto Securities gjentar sitt kursmål på 28 kroner og en kjøpsanbefaling på Elkem. Forventningene til en salgsavtale begynner å gjenoppbygges etter at markedene i praksis avskrev den etter hvert som handelsspenningene økte, noteres det.
ABG Sundal Collier oppjusterer kursmålet på Elkem til 25 kroner fra 21 kroner, og gjentar en kjøpsanbefaling på aksjen.
Meglerhuset fremholder at selskapets verdsettelse fortsatt er attraktiv tross sterk utvikling den seneste tiden perioden samt lave DMC- og europeiske silisiummetallpriser.
"Med en potensiell kinesisk kjøper som sannsynligvis i) vil oppnå høyere marginer og ii) muligens se større strategisk verdi nå, fortsetter vi å argumentere for at en <> transaksjon fortsatt er intakt. Selv om vi ikke forventer mye styrke i andrekvartalsrapporten, bør fokuset helt klart være på de 30--35 kronene pr aksje vi ser i verdi hvis en transaksjon materialiserer seg i den nedre enden av det angitte fair value-intervallet, med verdsettelse som gir noe støtte i et verst tenkelig scenario", skriver ABG.
DNB Carnegie på sin side gjentar kjøp og sitt kursmål på 30 kroner. |
highlander
19:13
26.06.2025
#50047
|
Morgan Stanley oppjusterer sitt kursmål på Elkem til 22 kroner fra 21 kroner pr aksje, melder Reuters/TDN torsdag.
Til sammenlikning er aksjen sist omsatt 23,4 kroner. |
highlander
22:43
02.07.2025
#50080
|
Citigroup høyner kursmålet på Elkem fra 20 til 24 kroner pr aksje.
Samtidig gjentas en nøytralanbefaling på aksjen. |
OldNick
12:25
11.07.2025
#35072
|
Elkem ASA kom med sitt Q2-resultat idag.
ELK: Q2-2025 - Strong cost positions ensure stable financial results
Børsmelding
11.07.2025
Oslo - Elkem's EBITDA for the second quarter 2025 was NOK 803 million, down from NOK 1 035 million in the corresponding quarter last year. Despite weak market conditions and sales prices facing downward pressure, Elkem delivered stable financial results due to its strong cost position and solid operational performance.
Elkem's total operating income for the second quarter 2025 was NOK 7 982 million, which was 6 per cent lower than the second quarter 2024. Earnings before interest, taxes, depreciation and amortisation (EBITDA) was NOK 803 million, down 22 per cent from the corresponding quarter last year. Earnings per share (EPS) was NOK -0.49 in the quarter and NOK -0.82 year to date. EPS was negatively impacted by the results in Silicones. The division has been classified as discontinued operations and assets held for sale due to the strategic review initiated to streamline Elkem's business portfolio. Elkem aims to conclude the review before year-end.
The Silicon Products division was impacted by weak commodity markets, driven by historically low price levels in China. This resulted in Silicon Products' total operating income declining -13% and EBITDA declining 54 per cent year-on-year. Carbon Solutions delivered continued good results despite challenging markets. The division reported a -27% reduction in EBITDA year-on-year, but maintained a strong EBITDA margin of 28 per cent. Silicones also faced challenging market conditions and low commodity prices in China. However, the division delivered an improved EBITDA both compared to the preceding quarter and the second quarter last year. Operating income increased 3% and EBITDA increased as much as 449% year-on-year, mainly due to improved cost positions.
"Markets are still impacted by geopolitical turmoil and trade tensions, which are negatively affecting global economic growth and Elkem's end-markets. Elkem is however, well positioned for growth in sectors linked to global megatrends such as digitisation, defence and physical infrastructure - from transport systems to digital infrastructure and clean energy," said Elkem CEO Helge Aasen. "Going forward, we will focus on maintaining a strong liquidity position and disciplined capital spending, preserving our leading cost positions to fully capitalise on new growth opportunities."
In the second quarter, Elkem and NTE entered into a long-term power purchase agreement (PPA) for the period 2028 to end of 2037, with delivery in the NO4 price area in Norway. The PPA supports long-term operations at Elkem's plant in Salten. The agreement will be part of Elkem's total long-term contract portfolio, hedging Elkem's annual power consumption of 3.5 TWh in Norway. Renewable power is key to producing silicon and silicon-based products with low CO2-emissions and is a central component of Elkem's climate roadmap to reach net-zero emissions by 2050.
In July, Norway's Ministry of Climate and Environment concluded in favour of Elkem's complaint of unequal treatment in the allocation of free emission allowances under EU ETS from 2021 to 2025. Elkem expects to receive additional allowances for the period 2021-2025. The ministry's decision supports a level-playing field between European industry players, and will reduce Elkem's CO2 quota costs going forward.
The group's equity as at 30.06.2025 amounted to NOK 23 965 million, which gave a ratio of equity to total assets of 50 per cent. Net interest-bearing debt was NOK 11 403 million, which gave a ratio of net interest-bearing debt to EBITDA of 2.8x. Elkem had cash and cash equivalents of NOK 4 139 million as at 30.06.2025, and undrawn credit lines of more than NOK 6 000 million.
Market conditions remain subdued, but Elkem's financial performance is supported by strong cost and market positions. Silicon Products is experiencing challenging markets and deteriorating reference prices, but the division's leading cost positions are alleviating the negative impact. Carbon Solutions benefits from good cost positions and geographically diverse customer portfolio. Silicones markets expected to remain stable at low levels. However, current price levels are not deemed sustainable in the long-term.
For further information, please contact:
Odd-Geir Lyngstad, VP Finance & IR, tel. +47 9767 2806, E-mail: odd-geir.lyngstad@elkem.com
Marianne Stigset, VP Corp.Comm. & Public Affairs, tel. +47 4118 8482, E-mail: marianne.stigset@elkem.com
ELK: Q2-2025 Report (PDF)
ELK: Q2-2025 Presentation (PDF)
ELK: Q2-2025 Financials (XLSX)
ELK: Investor relations
______
Elkem gikk på en kjempesmell
Tøffe markedsforhold og valutatap sendte Elkem i minus i andre kvartal.
Martin S. Schmidt, FA.no
11.07.2025 |
highlander
19:21
14.07.2025
#50114
|
Både DNB Carnegie og Nordea Markets gjentar sine kjøpsanbefalinger på Elkem i analyseoppdateringer etter andrekvartalsrapporten, jf. Old Nick #35072.
Meglerhusene opprettholder sine kursmål på henholdsvis 30 og 28 kroner. |
OldNick
22:19
18.09.2025
#35465
|
ELK: Norwegian Minister of Trade and Industry visits Elkem Carbon Fiskaa plant to discuss supply of critical raw materials
Børsmelding
19.08.2025
Kristiansand, Norway - Norway's Minister of Trade and Industry Cecilie Myrseth today visited Elkem Carbon Fiskaa in Kristiansand for discussions on the process industry's role in supplying critical raw materials to strategic value chains in Norway and the European Union (EU).
The visit follows the Ministry's announcement that it is initiating a comprehensive mapping of Norwegian industry's contribution to national and allies' strategic and critical value chains. Earlier this year, the Norwegian government issued a white paper outlining Norway's industrial policy priorities and proposed a New Minerals Act that was approved by Parliament. The Act will streamline and modernise the legal framework for mineral activities in Norway. The two initiatives aim to strengthen Norway's role as a sustainable and reliable long-term supplier of critical raw materials to European and allied industries.
"Norwegian companies such as Elkem are major suppliers of critical raw materials to Europe. In an era marked by escalating geopolitical tensions and environmental and climate challenges, the imperative to fortify strategic value chains has never been more critical to secure Europe's competitiveness. Norway will be a strategic partner in this process," said Minister of Trade and Industry Cecilie Myrseth.
"For over 120 years, Elkem has been a reliable supplier of metals and metallurgical products, steadily building resilient supply chains throughout Europe," said Elkem CEO Helge Aasen. "Significant investments have been made to establish complete and efficient value chains within the ferroalloy and silicon sector in the internal market across the EU, Norway and Iceland. At a time of geopolitical turmoil and heightened security risks, it is important for European countries to unite and leverage existing assets and cross-border infrastructure to secure industrial autonomy."
Elkem runs two quartz mines and six silicon and ferroalloys production and processing sites in Norway and Iceland, employing over 1 600 workers across both countries. Elkem is also one of the EU's leading silicones producers, with production sites in France, Italy and Spain, which are part of an optimised value chain based on silicon supplies from Norway. Norway accounts for approximately 40 percent of the EU's imports of silicon and 35 percent of the EU's imports of ferrosilicon, both critical materials in European infrastructure, energy and military value chains.
During her visit at Fiskaa, Myrseth was also presented some of the pioneering green technology projects being tested at Elkem Technology R&D Center. This included the Horizon Europe-funded project MECALO, which seeks to apply carbon looping for general metal production, with demonstration of zero CO\2\ silicon and manganese alloys. It also included a project on the development of green products through the recycling of slag and silicon materials, which could be used in the automotive and construction industry. This project was recently awarded NOK 32.8 million in financial support from Innovation Norway.
"It is a source of pride at Elkem that our products have among the lowest carbon footprint in the world. This requires significant investments into research and innovation. We were therefore excited to present some of our green technology projects that have received financial support from the EU and Norway. Such public-private partnerships are essential in accelerating the transition to clean technologies and turning decarbonisation into a driver of growth for European industries," said Aasen.
For further information, please contact:
Marianne Stigset, VP Corporate Communications & Public Affairs, tel. +47 4118 8482, E-mail: marianne.stigset@elkem.com
______
ELK: Elkem enters exclusive sales process for Silicones division
Børsmelding
18.09.2025
Oslo - Reference is made to the stock exchange release published 23.01.2025 announcing Elkem ASA's ("Elkem" or the "Company") initiation of a strategic review of the Silicones division, with the ambition to streamline Elkem, as well as to enable allocation of capital to accelerate growth in the Silicon Products and Carbon Solutions divisions.
Elkem has now entered an exclusive sales process with a counterparty. The contemplated process is well aligned with the strategic review and represents an important milestone amid a challenging market environment.
Following an evaluation of alternative options, the Company has decided to pursue exclusive negotiations with a major industrial player that has a significant presence in the global chemicals industry. Elkem is confident that the potential transaction would represent the best possible outcome for the Silicones division as well as the Company and all its stakeholders.
Subject to negotiations, agreement and necessary approvals, the closing of the transaction is expected to occur in the first half of 2026.
ABG Sundal Collier ASA is acting as financial advisor to Elkem.
For further information, please contact:
Odd-Geir Lyngstad, VP Finance & Investor Relations, tel. +47 9767 2806, E-mail: odd-geir.lyngstad@elkem.com
[Kommentar: 1 vedlegg på link]
Endret 22:20 18.09.2025 av OldNick |
highlander
15:59
06.10.2025
#50286
|
Nordea Markets oppjusterer kursmålet på Elkem til 32 kroner fra 28 kroner, og gjentar en kjøpsanbefaling på aksjen.
Nordea øker sitt kontantstrøm-baserte kursmål ettersom meglerhuset mener det er betydelig verdi å hente ut ved et mulig salg av silikonvirksomheten, og at den gjenværende virksomheten vil være en mer attraktiv investering med solid kontantstrøm og distribusjonskapasitet.
ABG Sundal Collier oppjusterer kursmålet på Elkem til 30 fra 25 kroner, og gjentar en kjøpsanbefaling.
Meglerhuset venter en ebitda i tredje kvartal på 840 millioner kroner, mot FactSet-konsensus på 723 millioner kroner.
ABG Sundal Collier antar videre blant annet at Elkems CO2-fordeler sannsynligvis vil øke med rundt 2 milliarder kroner i løpet av de kommende årene. Selskapet vil motta 1,3 millioner tonn i gratiskvoter etter å ha vært underallokert for 2021--2025, noteres det.
Også SEB gjentar sin kjøpsanbefaling på Elkem, sistnevnte meglerhus oppjusterer samtidig kursmålet til 31 fra 27 kroner. |
OldNick
00:47
21.10.2025
#35664
|
ELK: Elkem curtails ferrosilicon production in Norway and Iceland
Børsmelding
20.10.2025
Oslo - Elkem ASA has decided to partially curtail ferrosilicon production at the plants in Rana, Norway and in Iceland due to challenging market conditions. The curtailment may result in temporary layoffs of employees.
"We have decided to temporarily curtail production due to ongoing weak market conditions in Europe, which has led to rising inventory levels and lower prices. Following the European Union's investigation into potential safeguard measures on imports of ferrosilicon and ferroalloys, uncertainty has increased further. We will we use the shutdown to reduce our inventories and support a better market balance," says Elkem's Senior Vice President for Silicon Products, Inge A. Grubben-Strømnes.
"The challenging global market conditions highlight the critical need for competitive, predictable framework conditions and continued access to the EU market for Norwegian industry," adds Grubben-Strømnes.
The core product at Rana and in Iceland is ferrosilicon (FeSi), which is a critical raw material for the steel industry.
For further information, please contact:
Marianne Stigset, VP Corporate Communications & Public Affairs, tel. +47 4118 8482, E-mail: marianne.stigset@elkem.com |
OldNick
21:10
23.10.2025
#35691
|
Elkem ASA kom med sitt Q3-resultat idag.
ELK: Third quarter 2025 - Results supported by strong operational performance and cost improvements
Børsmelding
23.10.2025
Oslo - Elkem reported an EBITDA of NOK 829 million for the third quarter 2025, compared to NOK 1 241 million in the corresponding quarter last year. While sales prices remained low, results were supported by strong operational performance and cost improvements. The strategic review of the Silicones division is proceeding as planned. The exclusive sales process is expected to close in the first half of 2026.
Elkem's total operating income for the third quarter 2025 was NOK 7 523 million, which was 7 per cent lower than the third quarter 2024. Earnings before interest, taxes, depreciation and amortisation (EBITDA) was NOK 829 million, down -33% from the corresponding quarter last year. Earnings per share (EPS) was NOK 0.05 in the quarter and NOK -0.77 year to date. EPS was negatively impacted by the results in Silicones. This division has been classified as discontinued operations and assets held for sale due to the strategic review initiated to streamline Elkem's business portfolio.
The Silicon Products division was impacted by low silicon and ferrosilicon prices in the third quarter, while the speciality segments delivered improved results. The division reported a total operating income of NOK 3 369 million, a reduction of 8 per cent compared to the third quarter last year, while the EBITDA declined 53 per cent year-on-year. Carbon Solutions reported an EBITDA of NOK 231 million, down -14% from the third quarter last year, resulting in an EBITDA margin of 28 per cent. The lower EBITDA was mainly due to lower sales prices and somewhat higher raw material costs. Silicones recorded higher results due to improved cost and market positions. The division reported an EBITDA of NOK 248 million, a 23% increase year-on-year, despite a 6% reduction in operating income.
"Despite challenging market conditions and pricing pressures, Elkem continues to deliver robust operational performance and cost improvements across our three divisions. The strategic review is proceeding according to plan and once successfully completed, Elkem will be well positioned for future growth. While uncertainties persist due to geopolitical and trade developments, Elkem benefits from a geographically diverse portfolio, a resilient supply chain and strong client relations, enabling our company to respond effectively to shifting market trends," says Helge Aasen, CEO of Elkem.
Elkem has initiated a strategic review to sell the Silicones division to streamline the company and redirect capital towards accelerating growth in the Silicon Products and Carbon Solutions divisions. An exclusive sales process is currently underway with a major industrial player that has a significant presence in the global chemicals industry. Elkem is confident that the potential transaction would represent the best possible outcome for the Silicones division as well as the Company, to the benefit of all stakeholders. Subject to negotiations, agreement and necessary approvals, the closing of the transaction is expected to occur in the first half of 2026.
EU is considering safeguard measures that could become effective from 19.11.2025. The safeguard measures will be aimed at raising prices and protecting internal production within EU. It remains unclear how Norway and Iceland will be affected. The safeguard regulations appear to focus on ferrosilicon and foundry alloys, with no clear indication if silicon will be included. In addition, the US has imposed countervailing duties (CVD) on silicon imported from several countries, including Norway. The preliminary rate for Norway is 16.87%, mainly related to free allocation of CO2 quotas and CO2 compensation under EU rules. Elkem's position is that EU's policies for CO2 quotas and CO2 compensation do not constitute countervailable subsidies harming the US domestic industry.
The Elkem group's equity as at 30.09.2025 amounted to NOK 23 968 million, which gave a ratio of equity to total assets of 50%. Net interest-bearing debt was NOK 11 666 million, which gave a ratio of net interest-bearing debt to EBITDA of 3.1x. Elkem had cash and cash equivalents of NOK 3 968 million as at 30.09.2025, and undrawn credit lines of around NOK 6 000 million.
The Silicon Products division is facing challenging conditions, with low silicon and ferrosilicon demand. However, the division's leading cost positions and good performance in specialty segments, are mitigating the negative impact. The Carbon Solutions division benefits from good cost positions and a geographically diverse customer portfolio, but continued weak demand is impacting the division's results. The silicones producers are actively trying to increase prices, but markets are still hampered by overcapacity. Potential trade regulations and protective measures are expected to impact Elkem's markets going forward. The safeguard measures in EU are not yet concluded, and the overall impact for Elkem is unclear.
For further information, please contact:
Odd-Geir Lyngstad, VP Finance & Investor Relations, tel. +47 9767 2806, E-mail: odd-geir.lyngstad@elkem.com
Marianne Stigset, VP Corporate Communications & Public Affairs, tel. +47 4118 8482, E-mail: marianne.stigset@elkem.com
ELK: Q3-2025 Report (PDF)
ELK: Q3-2025 Presentation (PDF)
ELK: Q3-2025 Financials (XLSX)
ELK: Investor relations
______
Kraftig resultatfall for Elkem
Industrikjempen melder om fortsatt utfordrende markeder. Samtidig går prosessen for et mulig storsalg som planlagt.
Asgeir A. Nilsen, E24.no
23.10.2025 |
OldNick
14:50
18.11.2025
#35880
|
Vi kan lese at EU idag har vedtatt at det innføres beskyttelsestoll på ferro-legeringer som importeres utenfra, også fra Norge.
Elkem er vel eneste selskapet som produserer og selger slike produkter fra Norge til EU-land, og som er notert på Oslo Børs?
Selskapet har sendt ut denne børsmeldingen idag:
ELK: European Union announces safeguard measures on imports of certain ferroalloys from third countries including Norway and Iceland
Børsmelding
18.11.2025
Oslo, Norway - The European Union (EU) today announced the introduction of safeguard measures with regard to imports of certain ferroalloys from third countries, including the European Economic Area (EEA) countries. Approximately 75% of Elkem's ferrosilicon produced in Norway and Iceland is sold to the EU.
The European Commission decided in December 2024 to initiate a safeguard investigation concerning imports of silicon and manganese-based alloying elements to shield EU industry from rising third-country imports. The Commission has now concluded that EU ferroalloys producers are suffering serious injury caused by increased imports and that safeguard measures are required.
In the safeguard proposal approved by the required majority of EU member states on 18 November 2025, it was decided to impose measures in the form of country-specific tariff rate quotas (TRQs) per type of ferroalloy, limiting the volume of imports to enter the EU duty-free. Imports exceeding these quota volumes may enter the EU duty-free if their price exceeds the established threshold. For imports priced below the established threshold, the applicable duty shall be equivalent to the difference between the net free-at-Union-frontier price and the established price threshold for each product type. The EU Commission will conduct trimonthly consultations with Norway and Iceland and will review the impact of the measure.
The measures will be effective as of 18.11.2025 and will be in place for a period of 3 years, expiring on 17.11.2028. Silicon metal was not included among the products affected by these safeguard measures.
"For Elkem, the safeguard measure could result in a reduction in sales volumes of ferrosilicon allocated to the EU market from the production sites in Rana, Bremanger and Bjølvefossen in Norway, and from Iceland. This will be compensated by sales to other regions. We also expect the reduction in sales volume to the EU to be compensated by increased EU market prices. The net impact on Elkem's earnings depends on how much the market prices in EU will increase due to this safeguard measure," says Elkem Senior Vice President of Silicon Products Inge A. Grubben-Strømnes.
"This said, Elkem regrets the Commission's decision to not exempt Norway and Iceland from the safeguard measure introduced on ferroalloys, as was done previously for steel. Significant investments have been made to establish complete and efficient value chains within the ferroalloy and silicon sector across the EU, Norway and Iceland. At a time of mounting geopolitical uncertainty and security risks, it is important that European countries unite and leverage existing assets and cross-border infrastructure to secure critical value chains and a strong, competitive economy," adds Grubben-Strømnes.
Elkem exports approximately 160 000 mt of ferrosilicon products to the EU per year from Rana, Bremanger and Bjølvefossen in Norway, and from Hvalfjörður in West Iceland, primarily to major steel producers in the EU. The materials go into products ranging from EVs to electronics, renewable energy production and military applications.
For further information, please contact:
Odd-Geir Lyngstad, VP Finance & IR, tel. +47 9767 2806, E-mail: odd-geir.lyngstad@elkem.com
Marianne Stigset, VP Corp.Comm. & Public Affairs, tel. +47 4118 8482, E-mail: marianne.stigset@elkem.com
______
Nå er det avgjort: Norge rammes av EU-toll
Tiltakene kan berøre 2500 norske arbeidsplasser.
Marianne Stensland, Kristian Aaser, Jonas Hagmansen, E24.no
18.11.2025
Endret 14:54 18.11.2025 av OldNick |
highlander
08:49
19.12.2025
#50321
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Arctic Securities initierer analysedekning på Elkem.
Meglerhusets tallknusere lander på en kjøpsanbefaling og et kursmål på 35 kroner.
Endret 08:50 19.12.2025 av highlander |
OldNick
10:14
27.12.2025
#36127
|
Stygg ulykke for Elkem i Franrike, kan vi lese.
ELK: Elkem reports second fatality following accident at Saint-Fons pilot workshop in France
Børsmelding
26.12.2025
Oslo, Norway - Reference is made to the stock exchange release published 24.12.2025 reporting a fatality caused by the explosion on 22.12.2025 at a pilot workshop at the Elkem ASA's Silicones site in Saint-Fons, France. Today, a second employee lost his life as a result of the accident.
"On behalf of Elkem's management and all our colleagues, I wish to extend our heartfelt condolences to the families and loved ones of our colleagues who lost their lives. Our company is in shock at the loss of two valued colleagues. We are fully committed to supporting our employees and their families in every way possible during this terrible time," said Elkem CEO Helge Aasen.
Two employees remain hospitalised following the accident. Elkem's management is working closely with local authorities to coordinate the handling of the accident. Psychological support services are being provided to all employees affected. Elkem has temporarily shut down operations at both the North and South sites in Saint-Fons on 22 12.2025, 1.5 days ahead of year-end closure that was scheduled to last until 05.01.2026.
An internal investigation by Elkem and external investigations by the local authorities in France have been initiated.
For further information, please contact:
Marianne Stigset, VP Corp.Comm. & Public Affairs, E-mail: marianne.stigset@elkem.com, tel. +47 4118 8482
Guillaume Artois, Elkem Silicones Atlantic External Relations Director, E-mail: guillaume.artois@elkem.com, tel. +33 603 420 757
Odd-Geir Lyngstad, VP Finance & Investor Relations, E-mail: odd-geir.lyngstad@elkem.com, tel. +47 9767 2806 |
highlander
22:18
22.01.2026
#50461
|
SEB nedgraderer Elkem fra kjøp til hold, men med uendret kursmål på 31 kroner.
ABG Sundal Collier oppjusterer kursmålet fra 30 til 33 kroner, og gjentar kjøp.
Arctic Securities på sin side opprettholder en kjøpsanbefaling og kursmålet på 35 kroner. |
OldNick
00:27
06.05.2026
#36817
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[Beklager! Nye innlegg er bare tilgjengelig for abonnenter! Allerede registrert? Logg inn eller Gå til registrering og kjøp abonnement!] |
OldNick
00:28
06.05.2026
#36818
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[Beklager! Nye innlegg er bare tilgjengelig for abonnenter! Allerede registrert? Logg inn eller Gå til registrering og kjøp abonnement!] |
highlander
16:14
03.06.2026
#50605
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[Beklager! Nye innlegg er bare tilgjengelig for abonnenter! Allerede registrert? Logg inn eller Gå til registrering og kjøp abonnement!] |
highlander
19:42
09.06.2026
#50624
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[Beklager! Nye innlegg er bare tilgjengelig for abonnenter! Allerede registrert? Logg inn eller Gå til registrering og kjøp abonnement!] |
highlander
14:56
10.06.2026
#50626
|
[Beklager! Nye innlegg er bare tilgjengelig for abonnenter! Allerede registrert? Logg inn eller Gå til registrering og kjøp abonnement!] |
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