Elkem
- RevenueKR33.1 BFY, 2021
- Market CapitalizationKR25.1 B2022-08-02
OverviewSuggest Edit
Elkem is a company that provides advanced material solutions. It offers silicon products, silicones, ferrosilicon, foundry alloys, carbon materials, and microsilica. The company serves the agriculture, art, foundry, chemical, construction, electrical and electronic, energy, food and beverage, home and personal care, life science, pulp and paper, textiles and leather, transportation, and composite industries.
| Type | Public | |
| Founded | 1904 | |
| HQ | Oslo, NO | Map |
| Website | elkem.com | |
| Employee Ratings |
Recent NewsAll News
- MPCC orders two carbon-neutral 1,300 TEU newbuildings in partnership with industrial group Elkem and North Sea Container Line
- Elkem commissions two climate-friendly ships for North Sea operation from NCL and MPC Container Ships
- Exercise of share options under share incentive programme
- Sale of shares under share incentive programme
Key People/Management at Elkem
Helge Aasen
Chief Executive Officer
Morten Viga
Chief Financial Officer
Katja Lehland
Senior Vice President Human Resources
Asbjørn Søvik
Senior Vice President Business Development
Håvard Moe
Senior Vice President Elkem Technology
Louis Vovelle
Senior Vice President Innovation and R&D
Elkem Office Locations
Elkem has offices in Oslo, Ålvik, Austertana, Gildeskål and in 36 other locations
Oslo, NO (HQ)
Drammensveien 169
Gildeskål, NO
Sandhornøy
Kristiansand, NO
Fiskåveien 100, P.O. Box 8040
Mo i Rana, NO
Svenskveien 20
Joinville, BR
R. Dona Francisca, 8300 - Distrito Industrial
Serra, BR
R. Atalydes Moreira de Souza, 245 - Civit I
Elkem Financials and Metrics
Elkem Revenue
Elkem's revenue was reported to be kr33.08 b in FY, 2021
| NOK | |
|---|---|
Revenue (Q2, 2022) | 12.3b |
Gross profit (Q2, 2022) | 6.9b |
Gross profit margin (Q2, 2022), % | 56% |
Net income (Q2, 2022) | 3.0b |
EBITDA (Q2, 2022) | 3.9b |
EBIT (Q2, 2022) | 3.4b |
Market capitalization (2-Aug-2022) | 25.1b |
Closing stock price (2-Aug-2022) | 39.2 |
Cash (30-Jun-2022) | 8.1b |
EV | 27.9b |
Elkem's current market capitalization is kr25.1 b.
Annual
| NOK | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Revenue | 25.2b | 22.7b | 24.7b | 33.1b |
Cost of goods sold | (11.4b) | (11.5b) | (12.9b) | (17.2b) |
Gross profit | 13.9b | 11.2b | 11.8b | 16.5b |
Gross profit Margin, % | 55% | 49% | 48% | 50% |
Quarterly
| NOK | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 6.0b | 5.7b | 5.2b | 5.8b | 5.9b | 5.4b | 7.2b | 7.3b | 8.8b | 11.9b | 12.3b |
Cost of goods sold | (3.0b) | (3.2b) | (2.5b) | (2.9b) | (3.1b) | (3.1b) | (3.5b) | (3.6b) | (4.1b) | (5.4b) | (5.4b) |
Gross profit | 3.2b | 2.5b | 2.7b | 2.9b | 2.8b | 2.7b | 3.7b | 3.7b | 4.7b | 6.5b | 6.9b |
Gross profit Margin, % | 53% | 45% | 52% | 50% | 47% | 50% | 51% | 51% | 54% | 55% | 56% |
Annual
| NOK | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Cash | 7.1b | 4.5b | 3.2b | 7.0b |
Accounts Receivable | 2.4b | 2.3b | 2.8b | 4.3b |
Prepaid Expenses | 642.0m | 573.0m | 636.0m | 872.0m |
Inventories | 5.5b | 5.2b | 5.2b | 7.7b |
Quarterly
| NOK | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 6.8b | 5.4b | 5.1b | 4.7b | 3.9b | 3.2b | 4.2b | 6.0b | 7.2b | 8.1b | 8.1b |
Accounts Receivable | 2.6b | 2.2b | 2.5b | 2.8b | 2.6b | 2.7b | 3.3b | 3.4b | 4.0b | 4.7b | 5.4b |
Inventories | 5.4b | 5.3b | 5.3b | 5.9b | 6.1b | 5.8b | 5.3b | 5.5b | 6.0b | 7.9b | 9.0b |
Annual
| NOK | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Net Income | 4.1b | 1.4b | 827.0m | 5.8b |
Depreciation and Amortization | 1.3b | 1.4b | 1.6b | 1.7b |
Quarterly
| NOK | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 666.0m | 991.0m | 1.3b | 326.0m | 431.0m | 512.0m | 743.0m | 1.6b | 3.3b | 3.4b | 7.1b |
Depreciation and Amortization | 338.0m | 684.0m | 1.0b | 369.0m | 825.0m | 1.2b | 390.0m | 834.0m | 1.3b | 449.0m | 911.0m |
| NOK | FY, 2018 |
|---|---|
Revenue/Employee | 4.2m |
Debt/Equity | 0.7 x |
Debt/Assets | 0.3 x |
Financial Leverage | 2.3 x |
Elkem Revenue Breakdown
Elkem revenue breakdown by business segment: 52.1% from SILICONES, 5.9% from CARBON, 41.3% from SILICON PRODUCT and 0.7% from Other
Elkem revenue breakdown by geographic segment: 8.8% from GERMANY, 8.4% from OTHER EUROPEAN COUNTRIES, 7.9% from OTHER ASIAN COUNTRIES, 10.4% from USA, 31.8% from CHINA and 32.6% from Other
Elkem Cybersecurity Score
Elkem Environment, Social & Governance (ESG) Ratings
Elkem Online and Social Media Presence
1.57k Twitter followers
Elkem has 1.57k Twitter Followers. The number of followers has increased 0.9% month over month and increased 2.7% quarter over quarter
Elkem's Trends
Twitter Engagement Stats for @Elkem_ASA
1.2k
Tweets
786
Following
1.6k
Followers
7
Tweets last 30 days
0.6
Avg. likes per Tweet
42.9%
Tweets with engagement
Elkem News and Updates
July 04, 2022
MPCC orders two carbon-neutral 1,300 TEU newbuildings in partnership with industrial group Elkem and North Sea Container Line
OSLO, Norway, July 4, 2022 /PRNewswire/ -- MPC Container Ships ASA ("MPCC" or the "Company", and together with its subsidiaries, the "Group") is pleased to announce the following company update: MPCC has contracted two carbon-neutral 1,300 TEU newbuildings at Chinese-based shipyard...
July 04, 2022
Elkem commissions two climate-friendly ships for North Sea operation from NCL and MPC Container Ships
STOCKHOLM, July 4, 2022 /PRNewswire/ -- 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...
April 28, 2022
Exercise of share options under share incentive programme
Option holders under Elkem ASA's ("Elkem" or the "Company", OSE ticker code: "ELK") share incentive programme have today exercised a total 290,000 options, of which 200,000 options have an exercise price of NOK 23.53 per share and 90,000 options have an exercise price of NOK 19.10 per share. The exe…
April 28, 2022
Sale of shares under share incentive programme
Reference is made to the stock exchange release on 28 April 2022, regarding exercise of share options under Elkem ASA's ("Elkem" or the "Company", OSE ticker code: "ELK") share incentive programme.
April 28, 2022
Ex dividend NOK 3.00 today
The shares in Elkem ASA will be traded ex dividend of NOK 3.00 as of today, 28 April 2022.
April 27, 2022
First quarter 2022
In the first quarter 2022, Elkem’s results again reached all-time high, especially driven by strong performance in the Silicon Products and Carbon Solutions divisions. Elkem has benefitted from high prices and good demand in key markets. Broader industry conditions also include challenges due to hig…
Elkem Frequently Asked Questions
When was Elkem founded?
Elkem was founded in 1904.
Who are Elkem key executives?
Elkem's key executives are Helge Aasen, Morten Viga and Katja Lehland.
How many employees does Elkem have?
Elkem has 7,074 employees.
What is Elkem revenue?
Latest Elkem annual revenue is kr33.1 b.
What is Elkem revenue per employee?
Latest Elkem revenue per employee is kr4.7 m.
Who are Elkem competitors?
Competitors of Elkem include Ferroglobe, Anderson Materials Evaluation and Big Erics.
Where is Elkem headquarters?
Elkem headquarters is located at Drammensveien 169, Oslo.
Where are Elkem offices?
Elkem has offices in Oslo, Ålvik, Austertana, Gildeskål and in 36 other locations.
How many offices does Elkem have?
Elkem has 45 offices.
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