Strong quarterly result and good market conditions
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STOCKHOLM, July 16, 2021 /PRNewswire/
In the second quarter of 2021, Elkem delivered all-time high operating income for the third consecutive quarter and another strong quarterly result. Market conditions are good in all of Elkem s main markets with strong demand and high prices. The group s financial position is strong and the capital increase in April provides an excellent platform for further growth.
Elkem s total operating income for the second quarter 2021 was NOK 7,332 million, which was all-time high for the third consecutive quarter and up 25% from the corresponding quarter last year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to NOK 1,371 million in the quarter, which was more than doubled compared to second quarter 2020. Earnings per share (EPS) was NOK 0.98 in the quarter, and NOK 2.15 YTD-2021.
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Elkem signs new agreement for Norwegian biocarbon
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STOCKHOLM, Feb. 2, 2021 /PRNewswire/
Elkem has signed a Letter of Intent (LoI) with Vow ASA s wholly owned subsidiary Vow Industries with the aim of reducing fossil CO2-emissions from the production of silicon and ferrosilicon products for the global market.
The two companies will join competence and technology solutions to develop and manufacture biocarbon and other products for Elkem s production processes. The biocarbon will be produced at Vow Industries planned plant at Follum, outside Oslo in Norway, from a sustainable feedstock comprised of forestry wood mass, wood waste and other wood materials.