Elkem Asa
ELK
ISIN NO0010816093 / Valor 40892932
Elkem Asa
UMushroom community rating:
About company
Elkem ASA is a global leader in providing medical-grade silicone products for drug delivery devices, particularly focusing on the development of innovative solutions for contraception, hormone replacement therapy, and disease prevention. The company's Silbione™ products meet stringent regulatory requirements, making them suitable for safe and long-term implantation. Elkem's expertise in silicone technology allows for the creation of patient-customized drug delivery devices, with the potential to incorporate microfluidic pump technology for smart, sensorized devices that release drugs based on individual patient needs. With a strong track record in women's health devices, Elkem's silicone materials support sustained delivery of a wide range of active pharmaceutical ingredients, ensuring patient comfort and efficacy.
Summarized from source with an LLMView SourceSector: Non-Energy MaterialsLatest Results (20.08.2024):
EBITDA Performance
Elkem Asa reported an EBITDA of NOK 1,030 million in the second quarter of 2024. This figure is consistent with the same quarter last year and marks an improvement compared to the preceding three quarters. The enhanced profitability was primarily driven by strong operational performance as part of Elkem’s comprehensive improvement programme.
Total Operating Income
Elkem Asa’s total operating income for the second quarter of 2024 was NOK 8,490 million. This represents a 6% decrease compared to the second quarter of 2023. Despite the decline, the operating income showed an upward trend from the preceding quarters.
Earnings Per Share
Elkem Asa achieved earnings per share (EPS) of NOK 1.35 in the second quarter of 2024. Year-to-date, the EPS stands at NOK 0.65. This performance reflects the company's ability to maintain profitability despite challenging market conditions.
Silicones Division
The Silicones division of Elkem Asa showed improved results in the second quarter of 2024, although from a weak level. Market conditions remain challenging due to soft demand and overcapacity in China, which has continued to exert pressure on commodity sales prices.
Carbon Solutions Division
Elkem Asa’s Carbon Solutions division delivered a strong result in the second quarter of 2024. This performance was driven by favorable cost development and good sales volume, highlighting the division's resilience in a challenging market environment.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
963 M
Market cap (USD)
2,029,604
Daily traded volume (Shares)
17.12 / 16.68
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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