Third quarter 2024 – Elkem continues to improve profitability despite weak markets
Oslo, 24 October 2024 Elkem reported an EBITDA of NOK 1,235 million in the third quarter 2024, the highest since the first quarter 2023. The improved result was mainly driven by higher sales volume and operational improvements in the Silicones division. Elkem’s total operating income for the third quarter 2024 was NOK 8,056 million, an increase of 3% compared to the third quarter 2023. Earnings before interest, taxes, depreciation and amortisation (EBITDA) was NOK 1,235 million, which was the highest since the first quarter 2023. Earnings per share (EPS) was NOK 0.15 in the quarter,