Resilient Operational Performance
Elkem maintained high utilization rates due to strong operational performance and cost positions, with EBITDA for the second quarter at NOK 803 million, yielding a margin of 10%.
Positive Regulatory Outcome
The Norwegian Ministry of Climate and Environment ruled in favor of Elkem's complaint about the allocation of free emission quotas, potentially resulting in NOK 1.3 million additional allowances for 2021-2025.
ESG Recognition
Elkem received top ratings from EcoVadis and CDP, and was awarded NOK 33 million from Innovation Norway to pilot green products.
Strategic Energy Contracts
Elkem secured a new contract with NTE for 300 gigawatt hours per year, ensuring stable energy supply from 2028 to 2037.
Silicones Division Improvement
The Silicones division showed improved EBITDA due to higher sales volumes, with a 22% increase in sales volume compared to the previous year.