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Elkem ASA (ELKEF)
OTHER OTC:ELKEF
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
-0.06Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -13.95%
|Next Earnings Date:Aug 17, 2018
Earnings Call Sentiment|Neutral
While Elkem reported strong internal improvements and successful execution of strategic projects like the new China production line, the broader market conditions remain weak and challenging. The company is navigating these difficulties with a focus on cost management and strategic investments, yet faces external pressures, particularly in the Chinese market and high tax burdens.Company Guidance
During the Elkem Q3 2024 earnings call, the company provided detailed guidance on several financial metrics and strategic initiatives. Elkem reported an EBITDA of NOK 1.2 billion, marking their highest profitability since Q1 2023, with an EBITDA margin of 15%, which falls within their target range of 15% to 20%. The Silicones division notably contributed to this improvement, with an EBITDA of NOK 202 million, including a NOK 75 million boost from a new production line in China. The company also successfully raised NOK 1.5 billion in bond loans to refinance existing debt. Elkem set a top-line growth target of 5% and aims to maintain an annual EBITDA margin of at least 15%, while pursuing a zero-emission goal by 2050, supported by projects like the Sicalo initiative. Additionally, the company achieved a Platinum rating from EcoVadis and was in the 98th percentile according to S&P Global for ESG performance. Despite challenging market conditions, Elkem remains focused on internal improvements and strategic investments to enhance financial performance and sustainability.Record EBITDA and Profit Margin
The EBITDA reached NOK 1.2 billion, the highest since Q1 2023, with an EBITDA margin of 15% within the targeted corridor of 15-20%.
Successful Start of New Production Line in China
The new production line in China contributed NOK 75 million to EBITDA this quarter, demonstrating successful ramp-up and cost efficiencies.
Strategic Bond Issuance
Raised NOK 1.5 billion in new bonds with maturities of 3, 5, and 7 years, enhancing liquidity and refinancing upcoming maturities.
Strong ESG Performance
Awarded Platinum rating by EcoVadis and rated in the 98th percentile by S&P Global for ESG performance.
Silicones Division Improvement
Silicones division showed a significant EBITDA improvement to NOK 202 million from a loss last year, driven by higher sales volumes and operational improvements.
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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 |
|---|---|---|---|
| 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% |
| Feb 08, 2024 | $2.05 | $1.92 | -6.34% |
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 Feb 12, 2025, TBA Not Confirmed.
What is Elkem ASA (ELKEF) earnings time?
Elkem ASA (ELKEF) earnings time is at Feb 12, 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 2024 (Q4) is 0.02.
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