Elkem ASA (OTCPK:ELKEF)
$ 1.68 -0.07 (-4%) Market Cap: 1.10 Bil Enterprise Value: 2.06 Bil PE Ratio: 0 PB Ratio: 0.43 GF Score: 88/100

Q3 2023 Elkem ASA Earnings Call Transcript

Oct 25, 2023 / 07:00AM GMT
Release Date Price: $1.8
Odd;Geir Lyngstad
Elkem ASA - VP of Finance & IR

Good morning, and welcome to all of you present here in the audience and also all of those who are following us on the web. My name is Odd-Geir Lyngstad. And I'm responsible for investor relations in Elkem.

With me today I have CEO, Helge Aasen; and CFO, Morten Viga. Helge Aasen will take us through the business update and also the outlook for fourth quarter. Morten Viga will take us through the financials for the third quarter. We will open for questions after Helge and Morten's presentations.

And with that, I hand over to CEO, Helge Aasen.

Helge Aasen
Elkem ASA - CEO

Yes, thank you, Odd-Geir, and Good morning, everyone. Let's get right to it. Elkem's results for the third quarter was down compared to the strong levels we've seen during the past 2 years.

We reported operating income of approximately NOK 8 billion in the quarter with an EBITDA of NOK 535 million. The results are impacted by weak challenging markets with continued low demand across most product

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