Earnings Data
Report Date
Oct 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.04Last Year’s EPS
<0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a mixed but ultimately constructive picture: significant financial and operational actions (NOK 1.8bn equity raise, EUR 1bn refinancing, NOK 750m NIB loan, leverage reduced from 5.0x to 3.2x, cost program ahead of plan and working capital improvements) materially strengthen the company’s balance sheet and liquidity. These positives offset near-term profitability pressures driven by weak silicon and ferrosilicon prices, discontinued operations losses (notably Iceland), and currency/derivative impacts. Management points to operational improvements, product and ESG progress, and active strategic reviews to create future value, while warning of seasonal and market headwinds in Q3.Company Guidance
Successful Equity Raise and Refinancing
Raised NOK 1.8 billion (NOK 1.5bn via bookbuild on May 6 and NOK 0.3bn repair issue on May 29, oversubscribed) and completed refinancing of EUR 1.0 billion bank facility (EUR 600m term loan + EUR 400m RCF, 5-year tenor with 10 relationship banks).
Material Strengthening of Balance Sheet
Net interest-bearing debt of NOK 6.6 billion and cash balance ~NOK 4.9 billion at end-Q2; leverage improved from 5.0x at end-Q1 to 3.2x at end-Q2 (based on LTM EBITDA NOK 2.0bn).
Attractive Long-Term Financing Secured
Obtained a NOK 750 million, 10-year loan from the Nordic Investment Bank (expected disbursement in July), further improving maturity profile and liquidity.
Cost Reduction and Organizational Streamlining Ahead of Plan
Organizational streamlining post-Silicones sale completed; workforce reductions exceed original ~300 FTE target to ~400 FTEs, expected annual run-rate savings > NOK 600 million. Provision of NOK 125 million booked in Q2 related to the program.
Working Capital and Investment Discipline
Target to reduce working capital by NOK 1.0 billion in 2026; achieved NOK 841 million of improvements since year-end. Investment cap set at NOK 1.0 billion for 2026 with H1 investments ~NOK 300 million (Q2 investments NOK 192 million).
Operational Recovery at Key Plants
Silicon Products resumed production at Rana and Salten; all furnaces operating at full capacity in June. Silicon Products sales volumes increased 9% YoY in Q2, supporting improvement vs Q1.
Cash Generation and Operational EBITDA Momentum
Cash flow from operations NOK 733 million in Q2; EBITDA for the group NOK 523 million (EBITDA margin 14%) — EBITDA up versus Q1 despite YoY decline.
ESG and Product Innovation Recognition
EcoVadis Gold rating for 2026 (top 5%, 97th percentile), launched low-carbon Ferrosilicon product 'FeSi' to help customers reduce Scope 3 emissions; Elkem’s CO2 footprint >65% below global average for silicon production.
Strategic Actions and Portfolio Review
Reclassified Elkem Iceland as discontinued operation and initiated strategic reviews to maximize value across the portfolio; Capital Markets Day planned for deeper strategic disclosures in H2 (likely October).
ELKEF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ELKEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jul 10, 2026 | $3.23 | $3.23 | 0.00% |
Apr 30, 2026 | $3.00 | $2.90 | -3.33% |
Feb 13, 2026 | $3.10 | $3.10 | 0.00% |
Oct 23, 2025 | $2.65 | $2.65 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Elkem ASA (ELKEF) report earnings?
Elkem ASA (ELKEF) is schdueled to report earning on Oct 29, 2026, Before Open (Confirmed).
What is Elkem ASA (ELKEF) earnings time?
Elkem ASA (ELKEF) earnings time is at Oct 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ELKEF EPS forecast?
ELKEF EPS forecast for the fiscal quarter 2026 (Q3) is 0.04.