Strong competitive position demonstrated in weak markets
Elkem achieved high capacity utilisation and good sales volumes in the second quarter of 2020 despite very challenging market conditions. The strong operational performance reflects Elkem’s good market and cost positions. Covid-19 continues to impact global markets, but the market development in China shows signs of recovery. Elkem’s total operating income for the second quarter 2020 was NOK 5,879 million, up two per cent from the corresponding quarter last year. Earnings before interest, taxes depreciation and amortisation (EBITDA) amounted to NOK 644 million in the quarter, which is in