Company Elkem ASA

Equities

ELK

NO0010816093

Specialty Chemicals

Market Closed - Oslo Bors 10:45:00 2024-04-26 am EDT 5-day change 1st Jan Change
19.92 NOK +2.63% Intraday chart for Elkem ASA +3.00% -5.86%

Business Summary

Elkem ASA is a Norway-based provider and developer of silicones, silicon products and carbon solutions by combining natural raw materials, renewable energy and human ingenuity. Elkem has three reportable segments: Silicones, Silicon Products and Carbon Solutions. The Silicones segment iis a producer and seller of a range of silicone-based products across various sub-sectors such as release coatings, engineering elastomers, healthcare products, specialty fluids, emulsions and Resins; the Silicon Products segment is a producer of various grades of metallurgical silicon, ferrosilicon, foundry alloys and microsilica for use in a wide range of end applications; while the Carbon Solutions segment is a producer of carbon electrode materials, lining materials as well as specialty carbon products for metallurgical processes for the production of a range of metals. The Company has numerous subsidiaries, including Elkem Iberia SLU, Elkem Korea Co Ltd and Elkem Silicones Germany GmbH.

Number of employees: 7,400

Sales per Business

NOK in Million2022Weight2023Weight Delta
Silicon Products
48.4 %
22,433 49.8 % 16,648 48.4 % -25.79%
Silicones
41.0 %
19,060 42.3 % 14,078 41.0 % -26.14%
Carbon Solutions
10.9 %
3,414 7.6 % 3,759 10.9 % +10.11%
Other
-0.4 %
112 0.2 % -121 -0.4 % -208.04%

Sales per region

NOK in Million2022Weight2023Weight Delta
China
22.4 %
10,849 24.1 % 7,706 22.4 % -28.97%
United States
12.3 %
5,470 12.2 % 4,219 12.3 % -22.87%
Germany
11.2 %
5,394 12.0 % 3,846 11.2 % -28.70%
Other European Countries
7.7 %
3,238 7.2 % 2,654 7.7 % -18.04%
Other Asian Countries
6.6 %
2,792 6.2 % 2,285 6.6 % -18.16%
Brazil
5.8 %
1,854 4.1 % 1,978 5.8 % +6.69%
India
4.2 %
1,485 3.3 % 1,433 4.2 % -3.50%
Italy
4.1 %
1,719 3.8 % 1,400 4.1 % -18.56%
Japan
3.9 %
2,153 4.8 % 1,349 3.9 % -37.34%
Other Nordic Countries
3.6 %
1,545 3.4 % 1,241 3.6 % -19.68%
Norway
3.5 %
1,342 3.0 % 1,194 3.5 % -11.03%
France
2.9 %
1,566 3.5 % 994 2.9 % -36.53%
Spain
2.8 %
1,066 2.4 % 965 2.8 % -9.47%
United Kingdom
2.6 %
1,354 3.0 % 902 2.6 % -33.38%
Poland
1.8 %
869 1.9 % 610 1.8 % -29.80%
South Korea
1.6 %
501 1.1 % 537 1.6 % +7.19%
Canada
1.4 %
770 1.7 % 473 1.4 % -38.57%
Other American Countries
1.2 %
548 1.2 % 420 1.2 % -23.36%
Africa
1.1 %
345 0.8 % 386 1.1 % +11.88%
Reconciling Items
-1.1 %
-49 -0.1 % -366 -1.1 % +646.94%
Rest of the World
0.4 %
206 0.5 % 139 0.4 % -32.52%

Managers

Managers TitleAgeSince
Chief Executive Officer 61 89-12-31
Director of Finance/CFO 59 00-12-31
Chief Tech/Sci/R&D Officer 58 07-12-31
Chief Tech/Sci/R&D Officer 65 03-12-31
Investor Relations Contact - -
Corporate Officer/Principal - 23-01-31
Corporate Officer/Principal 49 07-12-31
Human Resources Officer 56 05-12-31
Corporate Officer/Principal 60 94-12-31

Members of the board

Members of the board TitleAgeSince
Chairman 65 04-12-31
Director/Board Member 61 -
Director/Board Member - -
Director/Board Member 72 10-12-31
Chief Executive Officer 61 89-12-31
Director/Board Member 55 18-12-31
Director/Board Member 56 94-12-31
Director/Board Member 61 97-12-31
Director/Board Member 55 21-12-31
Director/Board Member 64 21-03-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 639,441,378 269,169,176 ( 42.09 %) 5,501,090 ( 0.8603 %) 42.09 %

Shareholders

NameEquities%Valuation
China National BlueStar (Group) Co., Ltd.
52.91 %
338,338,536 52.91 % 665 M kr
Folketrygdfondet
4.140 %
26,475,551 4.140 % 52 M kr
Pareto Asset Management AS
2.475 %
15,827,926 2.475 % 31 M kr
Storebrand Asset Management AS
2.280 %
14,582,028 2.280 % 29 M kr
Erik Must
2.189 %
14,000,000 2.189 % 28 M kr
Verdipapirfondet Alfred Berg Gambak
1.868 %
11,946,530 1.868 % 23 M kr
Alfred Berg Kapitalforvaltning AS
1.404 %
8,978,038 1.404 % 18 M kr
Arctic Asset Management AS
1.264 %
8,084,930 1.264 % 16 M kr
Nordea Investment Management AB (Norway)
0.8855 %
5,662,288 0.8855 % 11 M kr
ELKEM ASA
0.8603 %
5,501,090 0.8603 % 11 M kr

Holdings

NameEquities%Valuation
5,501,090 0.86% 10,810,907 $

Company contact information

Elkem ASA

Drammensveien 169

0277, Oslo

+47 22 45 01 00

http://www.elkem.no
address Elkem ASA(ELK)

Group companies

NameCategory and Sector
Miscellaneous Manufacturing
Chemicals: Major Diversified
Steel

Sales per Business

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
19.92 NOK
Average target price
25.6 NOK
Spread / Average Target
+28.51%
Consensus