Solid margins despite challenging market conditions
Oslo, 30 April 2019: Elkem delivers solid margins in the first quarter of 2019 despite challenging market conditions. The sales prices for core silicone products in China have been at low levels compared to the preceding quarters and the market sentiments for silicon metal and ferrosilicon have also been weak. However, demand is picking up in several market segments. Total operating income for the first quarter 2019 was NOK 6,007 million, which was down 7% compared to first quarter 2018. EBITDA amounted to NOK 852 million in the quarter, down from NOK 1,454 million in the corresponding