Brief: Elkem Asa Q3 2023 Weak Profitability Due To Weak Markets And One-Offs

Elkem ASA

25/10/2023 06:23

Oct 25 (Reuters) - Elkem ASA  ELK.OL :oec
    * Q3 WAS IMPACTED BY WEAK MARKETS AND NEGATIVE ONE-OFF
EFFECTS,
INCLUDING CHANGES TO CO2 COMPENSATION SCHEME IN NORWAY
    * TOTAL OPERATING INCOME FOR Q3 2023 WAS NOK 7,917 MILLION,
WHICH
WAS DOWN FROM CORRESPONDING Q3 2022, MAINLY EXPLAINED BY LOWER
SALES PRICES AND LOWER SALES VOLUMES
    * EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND
AMORTISATION
(EBITDA) AMOUNTED TO NOK 535 MILLION IN 3Q, COMPARED NOK 3,302
MILLION IN Q3 LAST YEAR
    * Q3 EARNINGS PER SHARE (EPS) WAS NOK -0.72 IN QUARTER AND
NOK
0.84 YEAR-TO-DATE

Source text for Eikon:  ID:nObizMPT4a 
Further company coverage:  ELK.OL 

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