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Elkem reports improved profitability in Q3
Elkem
2024-11-29
Elkem's latest financial report for Q3 unveiled an EBITDA?(earnings before interest, taxes, depreciation, and amortization) of 1,235 billion Norwegian kroner, marking the highest figure since Q1 of 2023. The upturn was fueled by increased sales volume in silicones, improved production efficiency, and the favorable effects of a new production line in China.
To adapt to shifts in the macroeconomic landscape and address market challenges, Elkem initiated a comprehensive improvement plan that has yielded impressive results. In Q4, the silicone market is anticipated to remain stable, offering Elkem the opportunity?to sustain its strong performance by leveraging its established market position and diverse?business portfolio.
