Record sales and highest earnings since 2018
The result for the fourth quarter 2020 was Elkem’s best since 2018. The high earnings reflect Elkem’s robust business model with strong market positions and favourable cost positions. This has enabled Elkem to keep close to full production through the Covid-19 pandemic so far and now capitalise on the improved market conditions during the quarter to reach record sales. Elkem’s total operating income for the fourth quarter 2020 was NOK 7,129 million, which was all-time high and up 28% from the corresponding quarter last year. Earnings before interest, taxes, depreciation and amortisation (