|Bid||3.0420 x 0|
|Ask||3.1620 x 0|
|Day's Range||2.9840 - 3.0520|
|52 Week Range||0.8960 - 3.1860|
|Beta (5Y Monthly)||2.18|
|PE Ratio (TTM)||4.19|
|Forward Dividend & Yield||0.01 (0.48%)|
|Ex-Dividend Date||Apr 28, 2021|
|1y Target Est||N/A|
Elkem's long term goal is to achieve carbon-neutral metal production. Currently, Elkem is conducting a feasibility study for the establishment of carbon capture at the Norwegian smelters. In connection with the feasibility study, Elkem has entered into agreements with two alternative technology providers: Aker Carbon Capture and Saipem.
Reference is made to notification dated 15 February 2021. Elkem ASA has today successfully issued NOK 1,250 million in new unsecured bonds. NOK 750 million has been issued with a tenor of 3 years and a coupon of 3 month Nibor + 1.00 % p.a. while NOK 500 million has been issued with a tenor of 5 years and a coupon of 3 month Nibor + 1.30 % p.a. The transaction was substantially oversubscribed. Settlement will take place on 26 February 2021.
The result for the fourth quarter 2020 was Elkem's best since 2018. The high earnings reflect Elkem's robust business model with strong market positions and favourable cost positions. This has enabled Elkem to keep close to full production through the Covid-19 pandemic so far and now capitalise on the improved market conditions during the quarter to reach record sales.