Robust results in challenging markets
Oslo, 22 October 2019: Elkem’s result for the third quarter of 2019 was relatively strong given the challenging market conditions. Macro-economic uncertainty, trade conflicts and the downturn in automotive have negatively impacted the market for Elkem’s products and resulted in lower sales volumes for specialty products and declining market prices for commodity products. The relatively strong result reflects Elkem’s good cost positions, as well as attractive and leading market positions. Total operating income for the third quarter 2019 was NOK 5,540 million, which was down 5% compared