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An announcement from Elkem ASA ( (ELKEF) ) is now available.
Elkem reported a 25% increase in EBITDA for Q1 2025, despite facing weak demand and market turbulence. The company is undergoing a strategic review to streamline its business, particularly focusing on its Silicones division, which has been classified as discontinued operations. Elkem’s diversified production sites may help mitigate the impact of global trade tensions, while its sustainability initiatives, including the launch of recycled silicones, align with its strategic goals. The company’s financial position remains strong, with significant equity and cash reserves.
More about Elkem ASA
Elkem is a leading global provider of advanced silicon-based materials, focusing on developing silicones, silicon products, and carbon solutions. The company leverages natural raw materials, renewable energy, and innovation to support industries such as electric mobility, digital communications, and sustainable urban development. With a history dating back to 1904, Elkem is listed on the Oslo Stock Exchange and is recognized for its commitment to sustainability.
YTD Price Performance: 22.58%
Average Trading Volume: 7,724
Technical Sentiment Signal: Buy
Current Market Cap: $1.21B
For a thorough assessment of ELKEF stock, go to TipRanks’ Stock Analysis page.