A strong quarter despite weaker market conditions
Oslo, October 24, 2018 Elkem’s result for the third quarter was strong, despite being affected by maintenance stops and weaker market prices for its main products. The result was significantly stronger than the corresponding quarter last year, but weaker than the second quarter this year. All divisions reported stronger results compared to third quarter 2017. The total operating income for the third quarter 2018 was NOK 6,050 million, which was 14% higher than third quarter 2017. EBITDA for the quarter amounted to NOK 1,394 million, up from NOK 858 million in the corresponding quarter