Refile: Elkem Q2 EBITDA NOK 523 Million

Elkem ASA

10/07/2026 06:01

Adds missing bullets (3-7) on layoffs, cost-reduction measures
July 10 (Reuters) - Elkem ASA ELK.OL:
     
       • Q2 EBITDA NOK 523 MILLION VERSUS. IBES ESTIMATE NOK 377 MILLION
* Q2 OPERATING INCOME NOK 3,708 MILLION
* REDUCTION OF GLOBAL WORKFORCE TO EXCEED INITIAL TARGET AND NEAR 400 FTES
* TARGET IS TO DELIVER ANNUAL SAVINGS OF MORE THAN NOK 600 MILLION
* IN ALSO TARGETING A WORKING CAPITAL REDUCTION OF NOK 1 000 MILLION
* BY END-Q2, WORKING CAPITAL REDUCTIONS AMOUNTED TO NOK 841 MILLION FROM YEAR-END 2025
* INVESTMENTS WILL BE CAPPED AT A MAXIMUM OF NOK 1 000 MILLION FOR THE YEAR 
     
Source text: ID:nWkr3y6NBY
Further company coverage: ELK.OL

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