Elkem

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. » Altro su de.investing.com

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. » Altro su de.investing.com

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. » Altro su de.investing.com