Elkem ASA (OTCPK:ELKEF) This autumn 2024 Earnings Convention Name February 12, 2025 3:00 AM ET
Firm Individuals
Odd-Geir Lyngstad – Vice President of Investor Relations
Helge Aasen – Chief Government Officer
Morten Viga – Chief Monetary Officer
Convention Name Individuals
Odd-Geir Lyngstad
Good morning, and welcome to Elkem’s Fourth Quarter Outcomes Presentation. My title is Odd-Geir Lyngstad, I am accountable for Investor Relations in Elkem. To take us via at the moment’s agenda, we have now CEO, Helge Aasen; and CFO, Morten Viga. The agenda consists as you possibly can see of enterprise replace, replace on market with outlook for the primary quarter and a presentation of the monetary outcomes for the fourth quarter. After Helge and Morten’s shows, we’ll open for Q&A. And CEO, Helge Aasen, will take us via the primary agenda merchandise.
So please Helge, the phrase is yours.
Helge Aasen
Sure. Thanks, Odd-Geir and good morning. Welcome everybody, each current bodily and on-line. The important thing message this quarter is that Elkem is constant to ship bettering outcomes and we have now initiated a strategic evaluate of the Silicones division.
Within the fourth quarter, the working revenue amounted to NOK 8.5 billion, with an EBITDA of near NOK 1.2 billion, which represents a margin of 14%, just under our inner goal. We take into account this to be passable, given the fairly weak market circumstances that we’re experiencing and have for a while. The end in 2024 improved in comparison with the earlier yr and that is primarily a results of inner enhancements. So I might wish to take the chance and provides credit score to the Elkem group, exhibiting relentless efforts in our steady enchancment work.
And as we have now talked about beforehand, Silicones has been the first focus for the development program and have now delivered the very best outcomes for the reason that third quarter in
