Elkem ASA (ELK)

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Ny rente

Vedlegg på www.newsweb.no
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Kilde

[anon80503862]

Spennende om den skulle etablere seg på oversiden.

[Hocki]

Daily

Weekly

[TekBot]

Michael König new CEO of Elkem ASA

Oslo, 26 September 2019: Current chairman of the board of Elkem ASA, Michael
König will assume the position of CEO of Elkem ASA from 1 December 2019. Current
CEO, Helge Aasen, will step down after more than ten years in the position and
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will continue as a board member of China National Bluestar. In addition, the
nomination committee has nominated Helge Aasen to become a member of the board
of directors of Elkem ASA. Hao Zhigang, current member of the board of Elkem,
will assume the position of chairman of the board of Elkem as Michael König
resigns from the board.

“The board has appointed Michael König to follow Helge Aasen after his more than
ten years in the position. As chairman of the board of Elkem the last three
years, Michael König has worked closely on Elkem’s strategy and has in-depth
industry knowledge of Elkem’s industries and operations. He will have an
excellent background to develop Elkem further”, says Hao Zhigang, assuming
chairman of the board of Elkem ASA.

Michael König is 56 years old and is currently the CEO of China National
Bluestar, a position he has held since January 2016. He has extensive
professional experience from the Bayer group in which he has held various
positions, including CEO of Bayer Group Greater China and head of Polycarbonates
Business Unit of Bayer Material Science. He holds a degree in chemical
engineering from the Chemical Engineering Department of the TU Dortmund
University in Germany.

“Elkem is an industry leader and has a strong platform for further growth.
Through my years as both a chairman of the board of Elkem and working in the
industry in general I feel privileged to assume this position. I am very
confident that Elkem will continue to deliver on our ambitions and grasp the
opportunities that lie ahead”, says Michael König, assuming CEO of Elkem ASA.

Helge Aasen has been in the position of CEO of Elkem since 2009, and with Elkem
since 1990 in various positions.

“I would like to use the opportunity to thank Helge Aasen for his leadership of
Elkem over the last ten years. Under Helge Aasen’s leadership Elkem has had
strong results and successfully been through many changes, including the
acquisition of Elkem by China National Bluestar, the integration of Bluestar
Silicones into Elkem and the relisting on the Oslo Stock Exchange last year.
During his period the company has transformed from an upstream metal producer to
an advanced chemicals and materials company well positioned for the future. With
his close to 30 years of experience from the company in total I am very glad
that he has been suggested as a member of the board”, says König.

“It has been an amazing journey for close to 30 years in total and I am proud of
what we have achieved over these years, including the last ten years where I
have had the privilege of holding the position of CEO. Elkem is well positioned
for the future, and I look forward to continuing to be a part of the company as
a member of the board”, says Helge Aasen, resigning CEO of Elkem ASA.

Changes to the Board of directors of Elkem ASA:

Hao Zhigang, current member of the board, has been appointed by the board of
directors as new chairman of the board following Michael König’s resignation
from the board. The changes will be in effect from 1 December. The nomination
committee has proposed Helge Aasen as a new member of the board.

For further information:

For investor and financial market enquiries: Odd-Geir Lyngstad, Vice President
Finance and Investor Relations, +47 976 72 806, odd-geir.lyngstad@elkem.com

For press related enquiries: Johannes Dobson, Vice President Communications and
Public Affairs, +47 906 77 262, johannes.dobson@elkem.com

About Elkem ASA
Founded in 1904, Elkem is one of the world’s leading suppliers of silicon-based
advanced materials with operations throughout the value chain from quartz to
specialty silicones, as well as attractive market positions in specialty
ferrosilicon alloys and carbon materials. Elkem is a publicly listed company on
the Oslo Stock Exchange, and is headquartered in Oslo. The company has 6200
employees with 27 production sites and sales offices in a total of 28 countries
worldwide. In 2018 Elkem had revenues of 25.9 billion NOK. To learn more, please
visit www.elkem.com

Kilde

[TekBot]

Elkem ASA - Basel Chemie acquisition closed

Oslo, 30 September 2019: Elkem ASA has now closed the announced acquisition of
Basel Chemie with effect from 30 September 2019.

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Reference is made to stock exchange release dated 16 August 2019. Elkem has now
concluded the acquisition of Basel Chemie, a Korean producer of specialty
silicone gels for cosmetics and water repellents for the construction industry.
The acquisition gives Elkem access to leading technology in attractive end-user
silicone segments and provides a solid platform for further development and
growth.

All regulatory approvals for the acquisition have been concluded and the
settlement of the transaction took place 30 September 2019. Basel Chemie will be
consolidated into Elkem’s financial statement with effect from 30 September
2019.

For further information:
Odd-Geir Lyngstad
VP Finance and Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.no

About Elkem ASA
Founded in 1904, Elkem is one of the world’s leading suppliers of silicon-based
advanced materials with operations throughout the value chain from quartz to
specialty silicones, as well as attractive market positions in specialty
ferrosilicon alloys and carbon materials. Elkem is a publicly listed company on
the Oslo Stock Exchange, and is headquartered in Oslo. The company has 6200
employees with 27 production sites and sales offices in a total of 28 countries
worldwide. In 2018 Elkem had revenues of 25.9 billion NOK. To learn more, please
visit www.elkem.com

Kilde

[TekBot]

Elkem ASA - Invitation to third quarter 2019 results presentation

Oslo, 15 October 2019

Elkem ASA will release its report for the third quarter 2019 on Tuesday, 22
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October 2019 at 7.00 a.m. CET. The quarterly report and the presentation
material will be made available at this time at www.elkem.com

In connection with the quarterly report the company will host a presentation at
8.00 a.m. CET in Felix Conference Center, Bryggetorget 3, at Aker Brygge in
Oslo. Michael Koenig, new CEO from 1 December 2019, will also attend.

The presentation and the subsequent Q&A session will be held in English and may
be viewed in a live webcast at https://www.elkem.com/

For further information, please contact:
Odd-Geir Lyngstad
VP Finance & Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.no

About Elkem
Founded in 1904, Elkem is one of the world’s leading suppliers of silicon-based
advanced materials with operations throughout the value chain from quartz to
specialty silicones, as well as attractive market positions in specialty
ferrosilicon alloys and carbon materials. Headquartered in Oslo, the company’s
27 production sites and extensive network of sales offices and agents around the
world ensure proximity to customers and access to attractive end markets.
Elkem’s over 6,300 skilled employees and significant R&D activities provide a
solid basis for further technology-driven growth and optimisation.

Kilde

[Christian]

[Hocki]

Oppdaterer de to chartene. Opp til 25 igjen er ikke utenkelig.

[TekBot]

Robust results in challenging markets

Oslo, 22 October 2019: Elkem’s result for the third quarter of 2019 was
relatively strong given the challenging market conditions. Macro-economic
uncertainty, trade conflicts and the downturn in automotive have negatively
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impacted the market for Elkem’s products and resulted in lower sales volumes for
specialty products and declining market prices for commodity products. The
relatively strong result reflects Elkem’s good cost positions, as well as
attractive and leading market positions.

Total operating income for the third quarter 2019 was NOK 5,540 million, which
was down 5% compared to third quarter 2018. EBITDA amounted to NOK 640 million
in the quarter, compared to NOK 1,395 million in the corresponding quarter last
year. Earnings per share (EPS) was NOK 0.35 in the quarter.

“Market prices for silicones in China picked up in the third quarter, mainly
explained by seasonally higher demand from construction combined with lower
utilisation rates for main producers. Prices for silicon and ferrosilicon have
dropped to historic lows due to lower demand and subsequent excess supply.
Market prices are now believed to be at unsustainable low levels as many
competitors are estimated to be loss making. Significant production curtailments
have been announced both for silicon and ferrosilicon and markets are expected
to improve”, says Helge Aasen, CEO of Elkem.

Elkem closed the acquisition of Basel Chemie by the end of the third quarter.
The acquisition was part of Elkem’s specialisation strategy and will give access
to leading technologies for silicones to high-end cosmetics and construction and
provide a strong platform for further development and growth.

The realised effect of the accelerated improvement programme was NOK 387 million
by the end of third quarter, which was ahead of plan. The target for the full
year is NOK 500 million. Based on the persistent weak market conditions Elkem
will continue its focus on operational improvements and cost optimisation. The
target is to optimise the current organisation to facilitate growth initiatives
in strategic areas without increasing the cost base. The result in the third
quarter was negatively impacted by NOK 42 million due to changed revenue
periodisation of Norwegian CO2 compensation.

The group’s equity as at 30 September 2019 amounted to NOK 13,044 million, which
gave a ratio of equity to total assets of 44%. Net interest-bearing debt was NOK
5,573 million, which gave a ratio of net interest-bearing debt to EBITDA of 1.8
times. Elkem had cash and cash equivalents of NOK 5,071 million as at 30
September 2019. The financial position is strong.

The outlook in main market segments continue to be weak due to macro-economic
uncertainty. The price for silicones in China improved during third quarter but
has had a declining trend beginning of fourth quarter and the demand from
construction is expected to be seasonally lower. In addition, Elkem has had
reduced silicones production early fourth quarter due to government-imposed
production restrictions in connection with the People’s Republic of China’s 70th
years anniversary and subsequent delayed start-up. The negative EBITDA impact is
estimated to NOK 60 million. Silicon metal and ferrosilicon prices in Europe are
at very low levels but expected to recover following significant production
curtailments. The accelerated improvement programme combined with lower raw
material costs are expected to partly mitigate negative market impact.

For further information:
Odd-Geir Lyngstad, VP Finance & Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.no

About Elkem ASA
Founded in 1904, Elkem is one of the world’s leading suppliers of silicon-based
advanced materials with operations throughout the value chain from quartz to
specialty silicones, as well as attractive market positions in specialty
ferrosilicon alloys and carbon materials. Elkem is a publicly listed company on
the Oslo Stock Exchange and is headquartered in Oslo. The company has 6200
employees with 27 production sites and sales offices in a total of 28 countries
worldwide. In 2018 Elkem had revenues of 25.9 billion NOK. To learn more, please
visit www.elkem.com

Kilde

[TekBot]

Elkem ASA - Notice of extraordinary general meeting 2019

Oslo, 23 October 2019

An extraordinary general meeting of Elkem ASA will be held on Friday 15 November
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2019 at 13:00 (Norwegian time) at the company’s headquarter in Drammensveien
169, 0277 Oslo. The full notice is attached, and all relevant documents can be
found on www.elkem.com/investor .

For further information, please contact:

Odd-Geir Lyngstad

VP Finance & Investor Relations

Tel: +47 976 72 806

Email: odd-geir.lyngstad@elkem.no

About Elkem

Founded in 1904, Elkem is one of the world’s leading suppliers of silicon-based
advanced materials with operations throughout the value chain from quartz to
specialty silicones, as well as attractive market positions in specialty
ferrosilicon alloys and carbon materials. Headquartered in Oslo, the company’s
27 production sites and extensive network of sales offices and agents around the
world ensure proximity to customers and access to attractive end markets.
Elkem’s over 6,300 skilled employees and significant R&D activities provide a
solid basis for further technology-driven growth and optimisation.

Kilde

[Dunkel]

Hørte på Hegnar i går hvor han nevnte Elkem som kom med kjempedårlige tall og at en burde holde seg unna Elkem. Nå har den tikket rolig opp dem siste dagene. Hør ikke på Hegnar !!

[mtryfoss]

Hegnar er jo bare liten brumlebass

[Snoopzter]

Nååå er det spennende folkens! Følg med! Breakout!

[TekBot]

Elkem ASA - Disclosure of voting rights for the chairman of the board of directors, Michael Koenig

Oslo, 11 November 2019

As of close of business on 11 November 2019, the chairman of the board of
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directors of Elkem ASA, Michael Koenig, has received power of attorneys to
represent and vote for 338.526.123 shares, corresponding to 58,24% of the share
capital, at Elkem ASA’s extraordinary general meeting to be held on 15 November
2019. In addition, Mr. Koenig and his close associates holds 68,965 shares in
Elkem ASA, representing 0.119 % of the share capital.

In total, Mr. Mr. Koenig will represent and vote for 338.595.088 shares,
representing 58,36 % of the share capital of Elkem ASA at the extraordinary
general meeting. Following the receipt of the powers of attorney, Mr. Koenig has
accordingly crossed the threshold of 50 % voting rights in Elkem ASA.

The power of attorneys are without voting instructions. The power of attorneys
are only valid at the extraordinary general meeting on 15 November 2019.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

For further information, please contact:
Odd-Geir Lyngstad
VP Finance & Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.no

About Elkem
Founded in 1904, Elkem is one of the world’s leading suppliers of silicon-based
advanced materials with operations throughout the value chain from quartz to
specialty silicones, as well as attractive market positions in specialty
ferrosilicon alloys and carbon materials. Headquartered in Oslo, the company’s
27 production sites and extensive network of sales offices and agents around the
world ensure proximity to customers and access to attractive end markets.
Elkem’s over 6,300 skilled employees and significant R&D activities provide a
solid basis for further technology-driven growth and optimisation.

Kilde

[Christus]

Fremgang i handelskrigen vil nødvendigvis gi positiv på Elkemkursen?

Trump sier første steg i en handelsavtale med Kina er nær

[TekBot]

Elkem ASA - Minutes from the extraordinary general meeting 15 November 2019

Oslo, 15 November 2019.

The extraordinary general meeting of Elkem ASA was held on 15 November 2019 in
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Oslo.

All proposals on the agenda were adopted, cf. the notice of the extraordinary
general meeting that was sent to the Oslo Stock Exchange on 23 October 2019.

The minutes of the extraordinary general meeting is attached and available on
www.elkem.com

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

For further information, please contact:
Odd-Geir Lyngstad
VP Finance & Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.no

About Elkem
Founded in 1904, Elkem is one of the world’s leading suppliers of silicon-based
advanced materials with operations throughout the value chain from quartz to
specialty silicones, as well as attractive market positions in specialty
ferrosilicon alloys and carbon materials. Headquartered in Oslo, the company’s
27 production sites and extensive network of sales offices and agents around the
world ensure proximity to customers and access to attractive end markets.
Elkem’s over 6,300 skilled employees and significant R&D activities provide a
solid basis for further technology-driven growth and optimisation.

Kilde

[Sjakk]

Trade deal på søndag og en potent reise over linja.
No deal, suxx 2 be U. RR ser bra ut for meg, mtp fundamenta og utbytte neste år

Takket være en twittermelding fra trumpen om at dette går veldig bra. Så fikk vi en veldig stor candle opp. Nok engang blir det deal dere! Fallende linje er brutt, og close på ganske presist der gap ned startet nåværende tradingrange 13 juni 2019. (lilla linje)

Det er 581M aksjer i selskapet, T50 har akkumulert 3M aksjer siste uke (og det har vært trenden ei stund, men jeg tar ikke vare på listene, så jeg er ikke sikker på hvor lenge dette har pågått) T50 eier 84,47% av de utestående aksjene pr 09 des19.

Og noen ganger skulle jeg ønske jeg kunne mye mer og eksakt Wyckoff teori. @rosk82 Jeg vet du wyckoffer og har tatt noen brevkurs. Noen ord om en industri aksje; bare for å variere litt fra alle disse skinnene blanke bioteks og gaming stocks?

[Sjakk]

Evt kongen av twitter hype timen etter, rett opp i linja. For en perfekt rejection. Jeez. dårlig RR å kjøpe akkurat her. Misse litt oppgang og se om det blir tradedeal istedet?

[rosk82]

Har faktisk fulgt litt med på denne. Har en bekjent som har swingtradet i bunnen innenfor de gule strekene.

Har fremdeles ikke helt funnet ut hva som er ytterpunktene i rangen.
Man ser en tydelig klimatisk volum helt i begynnelsen, og forsøk på rally, som så feiler og man finner bunn rundt 20kr. Man har så noen volumspikes som viser etterspørsel da pris beveger seg synkront oppover sammen med volum. Men etter å ha nådd toppen fra det første rallyet “stopper” det litt opp.

Etter testen på bruddet kan man se en akselerasjon til oppsiden på avtagende volum, klimatisk.
Etter prisen snur har du økende volum på vei ned, og prisen faller helt ned igjen til 20kr merket. Man kan se forsøk på å støtte prisen rundt 25 kr, som også er området hvor den prøvde å få fotfeste helt i begynnelsen av rangen. Begge gangen feilet.

Den går så inn i egen egen substruktur som kan potensielt defineres som en samling av sekundærtester. Denne ser du har alle fasene, A. B og potensielt C nå helt i slutten.

Det som er litt det store spørsmålet er om dette er bare er første del av en større struktur.

Den lille substrukturen (i gult) har nok p&f counts i seg til å gå helt til den øverste motstandslinjen.
Men dette betyr ikke at den vil nå det, da p&f counts kan brytes ned i faser av en struktur.

Et annet scenario er også at prisen kan gå til toppen, men bare falle tilbake til halvparten under reaksjonen. Og danner en ny substruktur.

Man har også et scenario som jeg tror var postet lenger oppe, hvor man har en kileformasjon fra toppen i august 2018. Brudd over ca27 kr vil avkrefte den.

Når du ser på ukentlig er det litt lettere å se alternativene. Man kan potensielt ha en mindre struktur mellom de 2 nederste hvite strekene, hvor SC, AR og ST er unnagjort rundt årskiftet 2019. For så å gå inn i en UTA, hvor prisen faktisk holder seg over motstandslinjen i 8uker. Faller så tilbake og man får en seire av tester mens volum avtar.

Andre alternativet er at man nå er ferdig med ST i fase A i en mye større range.

Svaret er det samme, man håper/tror på et rally og spørsmålet er om risk/reward er verdt det.

Hvis et rally kommer nå, bør det minimum komme seg til rundt 25-26 merket, neste målet vil være rundt 29-30 merket.

Lykkes den med dette kan man begynne å se på p&f counts for hele rangen bak til oktober. Og potensielle targets.

[TekBot]

Elkem acquires Polysil, a leading Chinese silicone elastomer & resins company

Oslo, December 30, 2019: Elkem ASA has entered into an agreement to acquire all
of the shares in Polysil, a leading Chinese silicone elastomer & resins material
manufacturer with strong positions in baby care and food grade silicones, as
…

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well as silicone products for the electronics and medical markets. Polysil and
Elkem’s complementary product and market positions provide a solid platform for
further specialisation and growth in China and globally.

Polysil is a privately owned company with more than 350 employees located in
Zhongshan in Guangdong, China. The company has leading technology positions in
production and development of Heat Cured Rubber (HCR), Liquid Silicone Rubber
(LSR) and specialty resin and Pressure Sensitive Adhesives (PSA). Polysil has
two production facilities and a research and development centre with more than
50 engineers.

In 2019, Polysil is estimated to generate a total operating revenue of RMB 612
million with an EBITDA of RMB 110 million.

The companies have agreed an enterprise value for Polysil of up to RMB 941
million, including potential bonus and earn-out depending on pre-agreed
criteria.

“We are continuing to deliver on our growth and specialisation strategy.
Acquiring Polysil will strengthen our position in selected specialised silicones
segments in China. There are considerable synergies in leveraging Elkem’s
upstream capabilities to supply raw materials and intermediates, and in
combining both the product portfolio and the domestic and global market
positions of Polysil and Elkem,” says Michael Koenig, CEO of Elkem.

Approximately 90 per cent of Polysil’s revenues are generated in China,
primarily in South China. Elkem’s presence and positions in other parts of China
and internationally provide a solid platform for Polysil’s products and for
further growth.

“Polysil is very pleased to become part of the Elkem group and looks forward to
working closely with Elkem in achieving common goals. Elkem’s products,
knowledge and brand complement the Polysil product range and will benefit
Polysil customers going forward,” says Hanxi Ma, the largest shareholder of
Polysil.

“Polysil’s products and market positions in food, baby care, electronics and
medical markets are complementary to Elkem. Polysil has particularly strong
positions in the fast-growing South China market where approximately half of all
Chinese silicone rubber consumption is. There is significant potential in
utilising Polysil’s high-end liquid silicones rubber and pressure sensitive
adhesives specialty positions and in further developing both products and
markets. Polysil’s strong research and development capabilities will be very
important for development of products for both the Chinese market and globally,”
says Frederic Jacquin, Senior Vice President Elkem Silicones.

Completion of the acquisition is subject to final regulatory approvals. Closing
is expected by end of first quarter 2020.

In connection with this transaction, Elkem was advised by Alantra, Wikborg Rein
Advokatfirma AS, and EY, whilst the sellers were advised by Han Kun Law Offices.

For further information:

Frederic Jacquin, SVP Silicones
Telephone +33 (4) 72 13 1929
E-mail frederic.jacquin@elkem.com

Odd-Geir Lyngstad, VP Finance and Investor Relations
Telephone +47 976 72 806
E-mail odd-geir.lyngstad@elkem.com

Alternative performance measures (APMs)
An APM is defined as a financial measure of historical or future financial
performance, financial position, or cash flows, other than a financial measure
defined or specified in the applicable financial reporting framework (IFRS).

The APMs presented herein are not measurements of performance under IFRS or
other generally accepted accounting principles and should not be considered as a
substitute for measures of performance in accordance with IFRS. Because
companies calculate the APMs presented herein differently, Elkem’s presentation
of these APMs may not be comparable to similarly titled measures used by other
companies.

In this announcement the following APM is used

· EBITDA is defined as profit (loss) for the period, less income tax
(expenses), finance expenses, foreign exchange gains (losses), finance income,
share of profit from equity accounted financial investments, other items,
impairment loss and amortisation and depreciation.

About Elkem ASA
Founded in 1904, Elkem is one of the world’s leading suppliers of silicon-based
advanced materials with operations throughout the value chain from quartz to
specialty silicones, as well as attractive market positions in specialty
ferrosilicon alloys and carbon materials. Elkem is a publicly listed company on
the Oslo Stock Exchange and is headquartered in Oslo. The company has 6200
employees with 29 production sites and sales offices in a total of 28 countries
worldwide. In 2018 Elkem had revenues of NOK 25.9 billion. To learn more, please
visit www.elkem.com

Kilde