Elkem

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.
TypePublic
Founded1904
HQOslo, NO
Websiteelkem.com
Employee Ratings4.3

Latest Updates

Employees (est.) (Dec 2021)7,074(+4%)
Revenue (FY, 2021)KR33.1 B(+34%)
Share Price (Aug 2022)KR39.2(-1%)
Cybersecurity ratingAMore
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Key People/Management at Elkem

Helge Aasen

Helge Aasen

Chief Executive Officer
Morten Viga

Morten Viga

Chief Financial Officer
Katja Lehland

Katja Lehland

Senior Vice President Human Resources
Asbjørn Søvik

Asbjørn Søvik

Senior Vice President Business Development
Håvard Moe

Håvard Moe

Senior Vice President Elkem Technology
Louis Vovelle

Louis Vovelle

Senior Vice President Innovation and R&D
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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
Show all (45)

Elkem Financials and Metrics

Elkem Revenue

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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
NOKFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

25.2b22.7b24.7b33.1b

Cost of goods sold

(11.4b)(11.5b)(12.9b)(17.2b)

Gross profit

13.9b11.2b11.8b16.5b

Gross profit Margin, %

55%49%48%50%
Quarterly
NOKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

6.0b5.7b5.2b5.8b5.9b5.4b7.2b7.3b8.8b11.9b12.3b

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

3.2b2.5b2.7b2.9b2.8b2.7b3.7b3.7b4.7b6.5b6.9b

Gross profit Margin, %

53%45%52%50%47%50%51%51%54%55%56%
Annual
NOKFY, 2018FY, 2019FY, 2020FY, 2021

Cash

7.1b4.5b3.2b7.0b

Accounts Receivable

2.4b2.3b2.8b4.3b

Prepaid Expenses

642.0m573.0m636.0m872.0m

Inventories

5.5b5.2b5.2b7.7b
Quarterly
NOKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Cash

6.8b5.4b5.1b4.7b3.9b3.2b4.2b6.0b7.2b8.1b8.1b

Accounts Receivable

2.6b2.2b2.5b2.8b2.6b2.7b3.3b3.4b4.0b4.7b5.4b

Inventories

5.4b5.3b5.3b5.9b6.1b5.8b5.3b5.5b6.0b7.9b9.0b
Annual
NOKFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

4.1b1.4b827.0m5.8b

Depreciation and Amortization

1.3b1.4b1.6b1.7b
Quarterly
NOKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

666.0m991.0m1.3b326.0m431.0m512.0m743.0m1.6b3.3b3.4b7.1b

Depreciation and Amortization

338.0m684.0m1.0b369.0m825.0m1.2b390.0m834.0m1.3b449.0m911.0m
NOKFY, 2018

Revenue/Employee

4.2m

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.3 x
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Elkem Revenue Breakdown

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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

Cybersecurity ratingPremium dataset

A

93/100

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Elkem Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Elkem Online and Social Media Presence

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Elkem News and Updates

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...

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...

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…

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.

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.

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…
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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.