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Elkem ASA (ELKEF)
:ELKEF
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
-0.05Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -26.00%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
Elkem's earnings call presented a balanced view with significant achievements in strategic reviews, operational improvements, and ESG performance, countered by challenges such as weak market conditions, trade tensions, and a downgrade in credit rating. The sentiment is Neutral as the highlights and lowlights are evenly matched.Company Guidance
During the call, Elkem provided detailed guidance for the fourth quarter of fiscal year 2024. The company reported an operating income of NOK 8.5 billion, with an EBITDA of close to NOK 1.2 billion, representing a margin of 14%. Earnings per share amounted to NOK 0.77, and a proposed dividend of NOK 0.3 per share was announced. The strategic review of the Silicones division was highlighted as a key initiative to streamline the business portfolio. Despite weak market conditions, Silicones achieved its best results since Q3 2022, with an EBITDA turnaround to NOK 521 million. The improvement program exceeded its target, realizing effects of NOK 1.7 billion. Elkem's ongoing focus includes reducing CO2 emissions, with initiatives like the Sicalo silicon production project and the carbon capture and storage project in Norway. The company also maintained a solid financial position with a 49% equity ratio and a debt leverage ratio of 2.5. The outlook for Q1 2025 projects stable silicones markets and continued strength in Silicon Products and Carbon Solutions, despite anticipated impacts from maintenance work and reduced capacity utilization.Strategic Review of Silicones Division
Elkem initiated a strategic review of its Silicones division to streamline its business portfolio and allocate capital for growth in Silicon Products and Carbon divisions.
Improvement in Silicones Division
Silicones division reported a significant EBITDA improvement, with an increase from NOK 68 million to NOK 376 million and a margin increase from 2% to 9%.
Successful Improvement Program
Elkem's improvement program exceeded its target, realizing effects amounting to NOK 1.7 billion, surpassing the NOK 1.5 billion target.
Strong ESG Performance
Elkem received SEAL awards for sustainable business practices and was awarded A on Forest and Water and B on Climate Change by CDP.
Stable Financial Position
Elkem's balance sheet remains solid with an equity ratio of 49% and a leverage ratio of 2.5, with a focus on maintaining strong liquidity.
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ELKEF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ELKEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $2.00 | $1.85 | -7.50% |
| Oct 24, 2024 | $1.72 | $1.80 | +4.65% |
| Jul 12, 2024 | $1.90 | $2.11 | +11.05% |
| Apr 18, 2024 | $1.90 | $1.82 | -4.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Elkem ASA (ELKEF) report earnings?
Elkem ASA (ELKEF) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Elkem ASA (ELKEF) earnings time?
Elkem ASA (ELKEF) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ELKEF EPS forecast?
ELKEF EPS forecast for the fiscal quarter 2025 (Q1) is 0.04.
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