First quarter 2023: Good result, but impacted by more challenging markets
Oslo, 28 April 2023 In the first quarter 2023, Elkem delivered a good result, based on strong performance from the Silicon Products division and the Carbon Solutions division. The result for the Silicones division was weak, impacted by more challenging market conditions. Elkem’s total operating income for the first quarter 2023 was NOK 9,934 million, which was down from the corresponding quarter in 2022, due to lower sales prices for silicones, silicon and ferrosilicon. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to NOK 1,565 million in the quarter,