Q3 2025 Elkem ASA Earnings Call Transcript
Key Points
- Elkem ASA (ELKEF) achieved an EBITDA of 829 million NOK with a margin of 11%, supported by good operational performance and ongoing cost improvements.
- The specialty segments, such as foundry alloys and microsilica, delivered improved results despite challenging market conditions.
- Elkem ASA (ELKEF) received a gold rating from EcoVadis, placing it among the top 5% of companies globally for its ESG efforts.
- The company has introduced a breakthrough method for recycling silicons, enhancing circularity and reducing waste.
- Elkem ASA (ELKEF) benefits from long-term renewable energy contracts, providing a competitive cost position and a low carbon footprint.
- The overall operating income for the quarter was down 7% compared to the same period last year, mainly due to lower sales prices.
- The EBITDA margin of 11% is below the company's long-term target of 15-20%.
- Silicon products faced low demand and challenging conditions, impacting overall results.
- The company's net interest-bearing debt has increased, with a leverage ratio now at 3.1, above the target level of 1-2 times EBITDA.
- Trade barriers and potential safeguard measures in the EU and US could impact market conditions and competitiveness.
Hello and good morning and a very warm welcome to EE's 3rd quarter results presentation. My name is Ogesta and I'm responsible for investor relations in LM.
In today's presentation, we will go through the highlights for the quarter and give an update on the markets before we go through the outlook for the 4th quarter.
CEO Helga Olsson will take us through this first part of the presentation before CFO Martin Wiga will present the 3rd quarter results in more detail.
We will open for Q&A after Helge and Morton's presentations.
So with that, I give the word to CEO Harry Go Ason.
Thank you again and good morning everyone.
Very nice to see the turn up today.
Yeah, we seem to be repeating ourselves when it comes to describing the markets we operate in, the story about the weak and challenging conditions, doesn't seem to go away.
And the market does actually Remain much the same as it
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