Elkem ASA (OTCPK:ELKEF)

$ 1.65 0 (0%) Market Cap: 953.67 Mil Enterprise Value: 2.00 Bil PE Ratio: 216.50 PB Ratio: 0.43 GF Score: 88/100

Q3 2024 Elkem ASA Earnings Call Transcript

Oct 24, 2024 / 07:00AM GMT

Release Date Price: $1.68

Transcript

Odd;Geir Lyngstad

Elkem ASA - Vice President Finance & Investor Relations

Good morning. It's a pleasure, welcoming you to Elkem's third quarter results presentation. My name is Odd-Geir Lyngstad and I'm responsible for Investor Relations in Elkem. With me today, I have Helge Aasen, CEO and Morten Viga, CFO to take us through the business update, financial results for the third quarter and also the outbreak for the fourth quarter.

After Helge and Morten's presentations, we will open for Q&A. We will start with the business update. So please, Helge.

Helge Aasen

Elkem ASA - Chief Executive Officer

Thank you, Odd-Geir and welcome everyone. The EBITDA for in the third quarter is the highest since the first quarter of 2023. And profitability has gradually been improved. And that is despite the weak market conditions which are continuing, the operating income for the group was NOK8 billion in the quarter and the EBITDA ended up at NOK1.2 billion. So this gives an EBITDA margin of 15% which is within our target corridor 15% to 20%.

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