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Elkem beats EBITDA expectations despite price pressure on silicon

Elkem reported EBITDA of NOK 523 million for the second quarter, beating the analysts’ estimate of NOK 377 million but down 19% from the prior year. Operating income fell 4% to NOK 3.71 billion, mainly due to lower selling prices for silicon and ferrosilicon products. The company completed a NOK 1.8 billion capital increase, refinanced its bank loans and announced a cost‑reduction program targeting annual savings of more than NOK 600 million. For the third quarter, Elkem expects seasonally weaker activity in the Silicon Products segment, while Carbon Solutions is expected to remain largely stable. » More on de.investing.com
Elkem: production problems push EBITDA down 65% in first quarter 2026

Elkem recorded a sharp earnings decline in Q1 2026: revenue NOK 4bn (-7%), EBITDA NOK 249m (-65%) and earnings per share NOK 0.56. Production interruptions at the Rana and Salten plants caused an EBITDA hit of about NOK 250m. The company is implementing a comprehensive restructuring, plans to sell the silicone division, aims to reorganize into three business areas by Q3 2026 and to reduce working capital by NOK 1bn by the end of 2026. Equity ratio stands at 42%; management stresses focus on operational efficiency and CO2 reduction but sees risks from ongoing production disruptions and currency/market uncertainties. » More on de.investing.com
Elkem Q1 2026: strategic realignment despite 65% drop in EBITDA

Elkem reports Q1 2026 EBITDA of NOK 249m (-65%) on operating revenues of NOK 4,053m, hit by production curtailments and a weak market environment. The centerpiece of the realignment is the sale of the silicone division to Bluestar and the shift to a pure metals and materials company; CEO Helge Aasen is stepping down from day‑to‑day management and is to become chair of the new board. To strengthen the balance sheet Elkem plans a NOK 1.5bn rights issue, a repair offering and a guaranteed refinancing of EUR 1.0bn; leverage rose to 5.0x, pro forma would fall to 4.0x. The company is targeting cost savings of NOK 600m, stricter capital discipline and a reorganisation into three business units to be reported from Q3 2026. » More on de.investing.com

Historical dividends Dividends

All dividend metrics All metrics

In 2025, Elkem has already paid €0.0258 in dividends. The last payout was in May 2025.

Financials

In the last quarter, Elkem had revenue of €311.91m and net profit of -€67.88m

(EUR)	June 2026	YoY
Revenue	311.91m	13.84%
Gross profit	7.51m	96.02%
Net profit	-67.88m	161.91%
EBITDA	40.75m	25.16%

Fundamentals

Metric	Value
Market capitalization	€1.03bn
Number of shares	362.55m
52-week high/low	€3.62 - €2.33
Dividends	No
Beta	0.98
P/E ratio	-15.19
PEG ratio	0.09
P/B ratio	1.03
P/S ratio	0.69

Company profile

Elkem ASA manufactures and sells metals and materials in Norway, the United Kingdom, Germany, France, Italy, Poland, Spain, the Netherlands, and othe European countries. It operates through three segments: Silicones, Silicon Products, and Carbon Solutions. The Silicones segment produces and sells various silicone-based products across various sub-sectors, including release coatings, engineering elastomers, healthcare products, specialty fluids, emulsions, and resins. The Silicon Products segment produces various grades of metallurgical silicon, ferrosilicon, foundry alloys, and micro silica for use in various end applications. The Carbon Solutions segment produces carbon electrode materials, lining materials, and specialty carbon products for metallurgical processes to produce various metals. Elkem ASA also engages in the generation and sale of hydroelectric power, as well as supplies heat in the form of steam and hot water. The company was incorporated in 1904 and is headquartered in Oslo, Norway. Elkem ASA is a subsidiary of Bluestar Elkem International Co., Ltd. S.A.