|Bid||29.18 x 0|
|Ask||27.52 x 0|
|Day's Range||27.34 - 27.64|
|52 Week Range||27.26 - 41.46|
|Beta (5Y Monthly)||1.55|
|PE Ratio (TTM)||2.22|
|Earnings Date||Jul 14, 2023|
|Forward Dividend & Yield||6.00 (20.96%)|
|Ex-Dividend Date||May 02, 2023|
|1y Target Est||41.20|
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In the first quarter 2023, Elkem delivered a good result, based on strong performance from the Silicon Products division and the Carbon Solutions division. The result for the Silicones division was weak, impacted by more challenging market conditions.
Elkem ASA has today published its annual report, including the ESG report, for the financial year ended 31 December 2022.
In the fourth quarter 2022, Elkem delivered a good result, based on strong performance from the Silicon Products division and the Carbon Solutions division. The quarter concludes a strong year for Elkem with an all-time high operating revenue and result. The board has proposed a dividend of NOK 6.00 per share, equivalent to 40% of the profit for the year, in line with Elkem's dividend policy.
Today, the world's first carbon capture pilot for smelters has been officially inaugurated. The Mobile Test Unit (MTU), delivered by Aker Carbon Capture, is now connected to Elkem's plant in Rana, Norway, which produces high-purity ferrosilicon and microsilica.
In the third quarter 2022, Elkem delivered strong quarterly results despite weaker market conditions. The Silicon Products division and the Carbon Solutions division continue to deliver excellent results due to superior cost and market positions. Elkem's plants continue to operate at full capacity, reflecting the group's robust business model. Elkem today also presents a Capital Markets Update, outlining the company's strategy for dual-play growth and green leadership.
Elkem Silicones celebrated the grand opening of its new specialized facility for producing high purity medical silicones on Wednesday, September 28, in York, S.C. Customers and local, state, and federal officials, attended the event which included a ribbon-cutting ceremony, facility tours and a reception.
Vianode, a company owned by Elkem, Hydro and Altor, has decided to invest in its first industrial-scale plant for sustainable battery materials at Herøya in Norway.
In the second quarter 2022, Elkem delivered the 7th consecutive quarter with improved EBITDA results, again reaching a new all-time high. The results were particularly driven by strong performance for the Silicon Products division. In addition, the Carbon Solutions division posted their best quarterly result ever. Elkem has continued to see strong demand in all major business segments. The outlook for the third quarter 2022 is good.
Elkem has entered into an agreement with NCL (North Sea Container Line AS) who will charter in two new container ships enabling carbon neutral operations from MPC Container Ships to further improve Elkem's North Sea logistics. Enabling the use of green methanol as fuel, featuring high safety standards and backed by a strong business case, the new ships will enable higher operational efficiency and more climate-friendly transport in line with Elkem's strategy. The agreement will also enable NCL t