Results still hampered by weak markets, new acquisition supporting specialisation
Oslo, 13 February 2020: Elkem’s result for the fourth quarter of 2019 was hampered by weak markets. Prices for silicon metal and ferrosilicon have however, started to recover from their historic lows. Operational issues have also impacted the result negatively. On 30 December 2019, Elkem announced the acquisition of Polysil. The acquisition will strengthen Elkem’s position in selected silicones segments in China and constitute an important part of the growth and specialisation strategy. Total operating income for the fourth quarter 2019 was NOK 5,559 million, which was down 9% compared