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 RelationsHelge Aasen – Chief Government OfficerMorten 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 chargeable for Investor Relations in Elkem. To take us by at present’s agenda, we’ve 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 are going to open for Q&A. And CEO, Helge Aasen, will take us by 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 continuous to ship bettering outcomes and we’ve initiated a strategic evaluate of the Silicones division.
Within the fourth quarter, the working earnings amounted to NOK 8.5 billion, with an EBITDA of near NOK 1.2 billion, which represents a margin of 14%, just under our inside goal. We think about this to be passable, given the relatively weak market situations that we’re experiencing and have for a while. The lead to 2024 improved in comparison with the earlier 12 months and that is primarily a results of inside enhancements. So I might wish to take the chance and provides credit score to the Elkem group, displaying relentless efforts in our steady enchancment work.
And as we’ve talked about beforehand, Silicones has been the first focus for the advance program and have now delivered the very best outcomes because the third quarter in
