Brief: Elkem Q3 EBITDA Rises To NOK 3,302 Million

Elkem ASA

26/10/2022 06:10

Oct 26 (Reuters) - Elkem ASA  ELK.OL :
    * THIRD QUARTER 2022: STRONG RESULTS, DESPITE WEAKER MARKET
CONDITIONS
    * IN Q3 2022, ELKEM DELIVERED STRONG QUARTERLY RESULTS
DESPITE
WEAKER MARKET CONDITIONS.
    * TOTAL OPERATING INCOME FOR Q3 2022 WAS NOK 11,293 MILLION,
UP
28% FROM CORRESPONDING QUARTER LAST YEAR
    * Q3 EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND
AMORTISATION (EBITDA) AMOUNTED TO NOK 3,302 MILLION IN QUARTER,
COMPARED TO NOK 2,131 MILLION IN Q3 2021
    * RESULT FOR SILICONES DIVISION WAS WEAKER THAN
CORRESPONDING
QUARTER LAST YEAR, MAINLY DUE TO HIGHER RAW MATERIALS COSTS
    * DEMAND FOR SILICON AND FERROSILICON IS NEGATIVELY IMPACTED
BY
CLOSURES IN ALUMINIUM AND STEEL INDUSTRIES, BUT ELKEM IS
CAPITALISING ON SUPERIOR COST POSITIONS

Source text for Eikon:  ID:nWkr710rXb 
Further company coverage:  ELK.OL 
 (Gdansk Newsroom)
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