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Elkem ASA ( (ELKEF) ) has issued an announcement.
Elkem reported a decrease in EBITDA to NOK 803 million for Q2 2025, down from NOK 1,035 million the previous year, amid challenging market conditions and declining sales prices. Despite these challenges, Elkem maintained stable financial results through strong cost management and operational performance. The company is undergoing a strategic review to streamline its business, particularly in the Silicones division, which has been classified as discontinued operations. Elkem’s focus on growth sectors linked to global megatrends and its long-term power purchase agreement in Norway underscores its commitment to sustainability and operational efficiency. The decision by Norway’s Ministry of Climate and Environment to support Elkem’s complaint regarding emission allowances is expected to reduce future CO2 quota costs.
The most recent analyst rating on (ELKEF) stock is a Hold with a NOK21.00 price target. To see the full list of analyst forecasts on Elkem ASA stock, see the ELKEF Stock Forecast page.
More about Elkem ASA
Elkem is a leading global provider of advanced silicon-based materials, focusing on silicones, silicon products, and carbon solutions. The company leverages natural raw materials and renewable energy to support innovations in electric mobility, digital communications, and sustainable urban development. With a history dating back to 1904, Elkem is committed to sustainability and has received high ratings from CDP for its environmental efforts.
Average Trading Volume: 1,010,935
Current Market Cap: NOK15.69B
See more insights into ELKEF stock on TipRanks’ Stock Analysis page.