Results holding up in challenging market environment
Elkem’s result for the first quarter of 2020 was generally holding up well despite the challenging market conditions caused by Covid-19. The result reflects Elkem’s strong market positions and good financial position. Elkem’s operations in Asia were significantly impacted by Covid-19, but except for disturbances particularly in China, Elkem’s operations have mainly been normal. Total operating income for the first quarter 2020 was NOK 5,798 million, which was in line with the corresponding quarter last year. EBITDA amounted to NOK 590 million in the quarter, compared to NOK 852 million