Elkem ASA (ELK)

[stawk]

Ny analyse fra Nordea i dag.

[Janno]

Påtide å gå inn @Christian?
Andre som har noen tanker hær?

[Christian]

Brudd på volum opp fra ca 25-26 kr, ja. Ellers? Veeeel, jeg er nå litt skeptisk. Jeg har ikke fulgt så godt med på guidingen da.

[mtryfoss]

Ligger vel an til EPS på kanskje rundt 1,8 og utbytte på rundt 1 kr. Ikke akkurat som i fjor, men i motsetning til mange andre tjener de jo faktisk penger.

[Christian]

Q1 Earnings per share NOK 0.84
Q2 Earnings per share was NOK 0.25 in the quarter and NOK 1.09 YTD
Q3 Earnings per share was NOK 0.35 in the quarter and NOK 1.44 YTD

Så du forventer mao 0,36 i Q4? Hvis det er hva man forventer framover, rundt 0,35/kvartalet, så blir det 1,4 kr i resultat pr aksje pr år, og med 25kr i kurs så gir det P/E på nesten 18. Ikke sååå attraktivt?

Er vel tilbake på at man må tilbake til Q1-type tall, da blir Elkem plutselig veldig interessante, men det kommer vel først etter en god avtale mellom USA og Kina.

[mtryfoss]

Solgte siste rest av ELK tidlig i Mai '19, men vurderer en inngang. Det er de betaler utbytter bør fungere som nedsidebeskyttelse. Jeg tror også sparetiltak og oppkjøpene kan overraske positivt fremover.

[Christian]

Det var ikke så hot for de som satt på aksjen i fjor mens de ventet på utbyttedatoen…

Nei, enten må kursen ned, eller så må det bli en handelsavtale før jeg finner denne interessant.

[TekBot]

Elkem ASA - Invitation to fourth quarter 2019 results presentation

Oslo, 4 February 2020

Elkem ASA will release its report for the fourth quarter 2019 on Thursday, 13
…

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February 2020 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.

The presentation and the subsequent Q&A session will be held in English and may
be viewed in a live webcast at 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. Elkem is a publicly listed company on
the Oslo Stock Exchange and is headquartered in Oslo. The company has approx.
6300 employees with 29 production sites worldwide. In 2018 Elkem had revenues of
25.9 billion NOK. To learn more, please visit www.elkem.com

Kilde

[TekBot]

Results still hampered by weak markets, new acquisition supporting specialisation

Oslo, 13 February 2020: Elkem’s result for the fourth quarter of 2019 was
hampered by weak markets. Prices for silicon metal and ferrosilicon have
however, started to recover from their historic lows. Operational issues have
…

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also impacted the result negatively. On 30 December 2019, Elkem announced the
acquisition of Polysil. The acquisition will strengthen Elkem’s position in
selected silicones segments in China and constitute an important part of the
growth and specialisation strategy.

Total operating income for the fourth quarter 2019 was NOK 5,559 million, which
was down 9% compared to fourth quarter 2018. EBITDA amounted to NOK 517 million
in the quarter, compared to NOK 974 million in the corresponding quarter last
year. Earnings per share (EPS) was NOK 0.03 in the quarter.

The board of directors has proposed a dividend of NOK 0.60 per share for 2019,
representing a dividend pay-out ratio of 41% of net profit.

• Market prices for silicones in China were mainly stable in fourth quarter but
  picked up towards year-end, mainly due to inventory build-up among downstream
  producers ahead of Chinese New Year. Prices for silicon and ferrosilicon have
  recovered from historic low levels, as significant production curtailments have
  started to have effect, says Michael Koenig, CEO of Elkem.

In addition to weak market conditions, the result for the fourth quarter was
negatively impacted by operational issues. As previously announced, the
production stop and subsequent start-up issues in connection with the National
Day in China resulted in extra costs of approx. NOK 60 million. Operational
issues in the Foundry Products division also impacted the result negatively by
approx. NOK 60 million.

The realised effect of the accelerated improvement programme was NOK 596 million
by the end of fourth quarter, which exceeded the target of NOK 500 million. All
plants and divisions have worked systematically to reduce costs and enhance
operations. The effects have however, been countered by further market
deterioration during 2019. Elkem will continue its focus on operational
improvements and cost optimisation.

Elkem entered into an agreement to acquire all of the shares in Polysil on 30
December 2019. Polysil is a leading Chinese silicone elastomer & resins material
manufacturer with strong positions in baby care and food grade silicones, as
well as silicone products for the electronics and medical markets.

• Acquiring Polysil will strengthen Elkem’s position in selected specialised
  silicones segments in China. Elkem and Polysil’s complementary product and
  market positions provide a solid platform for further specialisation and growth
  in China and globally, says Koenig.

The group’s equity as of 31 December 2019 amounted to NOK 12,952 million, which
gave a ratio of equity to total assets of 45%. Net interest-bearing debt was NOK
5,722 million, which gave a ratio of net interest-bearing debt to EBITDA of 2.2
times. Elkem had cash and cash equivalents of NOK 4,496 million as at 31
December 2019. The financial position is strong.

The outlook for the first quarter is mixed. Market prices recovered from
historic low levels during fourth quarter.

• The price trend has continued upwards for silicon and modestly up for
  ferrosilicon. Silicone prices are expected to remain stable, says Koenig.

The first quarter will be impacted by Chinese New Year and slower activity due
to the coronavirus. The silicones market is mixed with stable prices for
specialties, but prices for core products are still low. The expected demand
pick-up after Chinese New Year may be delayed due to the coronavirus. The demand
for silicon metal seems to have normalised with destocking effects levelling
out. Ferrosilicon and foundry alloys still hampered by weakness in steel and
automotive. Demand outlook for carbon products expected to be in line with
preceding quarters.

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

Fredrik Norman, VP Corporate Communications and Public Affairs
Tel: +47 918 66 567
Email: fredrik.norman@elkem.no

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 (ticker code: ELK) and is headquartered in Oslo. The
company has more than 6,300 employees with 29 production sites and an extensive
network of sales offices worldwide. In 2018 Elkem had revenues of NOK 25.9
billion. To learn more, please visit www.elkem.com

Kilde

[TekBot]

Key information relating to the proposed cash dividend by Elkem ASA

Oslo, 13 February 2020

Dividend amount: NOK 0.60 per share
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Declared currency: NOK
Last day including right: 8 May 2020
Ex-date: 11 May 2020
Record date: 12 May 2020
Payment date: On or about 19 May 2020
Date of approval: 8 May 2020

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. Elkem is a publicly listed company on
the Oslo Stock Exchange and is headquartered in Oslo. The company has approx.
6300 employees with 29 production sites worldwide. In 2018 Elkem had revenues of
25.9 billion NOK. To learn more, please visit www.elkem.com

Kilde

[TekBot]

Elkem ASA - Mandatory notification of trade - primary insiders

Oslo, 13 February 2020

Michael Koenig, CEO of Elkem ASA (OSE ticker code: “ELK”), has on 13 February
…

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2020 purchased 22,300 shares in Elkem ASA at a price of NOK 22.26 per share.
Following this transaction Mr Koenig holds 91,265 shares in Elkem ASA.

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. Elkem is a publicly listed company on
the Oslo Stock Exchange and is headquartered in Oslo. The company has approx.
6300 employees with 29 production sites worldwide. In 2018 Elkem had revenues of
25.9 billion NOK. To learn more, please visit www.elkem.com

Kilde

[TekBot]

Elkem ASA - Mandatory notification of trade - primary insiders

Oslo, 18 February 2020

Marianne Færøyvik, employee representative board member in Elkem ASA (OSE ticker
…

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code: “ELK”), has on 18 February 2020 purchased 2,250 shares in Elkem ASA at a
price of NOK 22.34 per share. Following this transaction Marianne Færøyvik holds
4,950 shares in Elkem ASA.

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. Elkem is a publicly listed company on
the Oslo Stock Exchange and is headquartered in Oslo. The company has approx.
6300 employees with 29 production sites worldwide. In 2018 Elkem had revenues of
25.9 billion NOK. To learn more, please visit www.elkem.com

Kilde

[TekBot]

Elkem ASA initiates new productivity improvement programme

Oslo, 3 March 2020

Elkem has decided to implement a new global productivity improvement programme
…

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to improve the company’s cost position and streamline the organisation as a
basis for future growth and specialisation.

Elkem’s profitability is currently below the company’s financial targets. In
addition, the market outlook is uncertain.

“Corrective actions are expected and needed. Our aim is to improve Elkem’s
profitability to fund future growth and specialisation in line with our long
-term strategy. With these measures, I am very confident that Elkem will
continue to deliver on our ambitions and grasp the opportunities that lie
ahead,” says Michael Koenig, Elkem’s CEO.

Elkem has identified a potential of more than NOK 350 million in annual
improvements from the programme. The company expects positive EBITDA
contributions from early 2021 and the full potential to be realised from the end
of 2021.

Restructuring costs are expected to be around NOK 200 million, which will be
taken as a provision in Other items in Q1 2020.

The productivity improvements will be achieved mainly through planned reductions
of personnel cost. It is too early to estimate how many full-time equivalents
will be affected. The programme is being implemented in close dialogue with
employee representatives and in compliance with local labour laws.

Elkem will prioritise reducing external contractors and using normal attrition.
The company is addressing all divisions, as well as the corporate functions,
across all 29 global locations. The programme will be finalised by the end of
2021.

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

Fredrik Norman, VP Corporate Communications & Public Affairs
Tel: +47 918 66 567
Email: fredrik.norman@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. Elkem is a publicly listed company on
the Oslo Stock Exchange (ticker code: ELK) and is headquartered in Oslo. The
company has more than 6,300 employees with 29 production sites and an extensive
network of sales offices worldwide. In 2018 Elkem had revenues of NOK 25.9
billion. To learn more, please visit www.elkem.com

Kilde

[Christian]

Elkem’s profitability is currently below the company’s financial targets. In
addition, the market outlook is uncertain

Kursen holder seg egentlig veldig bra med dette i tankene…

[TekBot]

Elkem ASA temporarily closes head office on 6 March due to coronavirus

Oslo, 6 March 2020

Elkem has decided to temporarily close its head office at Drammensveien 169,
…

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Oslo in Norway, on Friday 6 March due to a confirmed case of coronavirus.

The affected individual is in good health but has been quarantined after
dialogue with medical personnel, in line with public health authorities’
recommendations.

The office will be professionally cleaned over the weekend, as a precautionary
measure.

The temporary closure of the head office is not expected to impact Elkem’s
operations.

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

Fredrik Norman, VP Corporate Communications & Public Affairs
Tel: +47 918 66 567
Email: fredrik.norman@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. Elkem is a publicly listed company on
the Oslo Stock Exchange (ticker code: ELK) and is headquartered in Oslo. The
company has more than 6,370 employees with 29 production sites and an extensive
network of sales offices worldwide. In 2019 Elkem had revenues of NOK 22.7
billion. To learn more, please visit www.elkem.com

Kilde

[TekBot]

Elkem ASA - Annual report for 2019

Oslo, 9 March 2020
Elkem ASA has today published its annual report, comprising the sustainability
report, for the financial year ended 31 December 2019.
…

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The annual report will be available on Elkem’s website: 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:
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. Elkem is a publicly listed company on
the Oslo Stock Exchange (ticker code: ELK) and is headquartered in Oslo. The
company has more than 6,370 employees with 29 production sites and an extensive
network of sales offices worldwide. In 2019 Elkem had revenues of NOK 22.7
billion. To learn more, please visit www.elkem.com

Kilde

[Bianchi]

Til Barbro.
Er verken aksjonær i selskapet eller har nick på FA-forumet. Må derfor ty til innlegg her. Ikke sikkert det når deg da. Vil bare utrykke min støtte til deg som skribent på FA- forumet. Du utviser innsikt og edruelighet overfor et flott norsk selskap du er “eier” av. Ikke minst tar du til motmæle overfor personer som kun er ute etter sitt eget beste og som er villige til å skrive nær hva som helst for å spre videre frykt og panikk.
Stå på videre👍

[TekBot]

Elkem completes Polysil acquisition

Oslo, 14 April 2020: Elkem ASA has now closed the previously announced
acquisition of Polysil, a leading Chinese silicone elastomer and resins material
manufacturer.
…

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Polysil has strong positions in baby care and food grade silicones, as 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.

“We continue to develop Elkem’s competitive positions, at the same time as we
work to safeguard our business in light of the coronavirus situation. The
financial closing of the Polysil acquisition represents an important milestone,
strengthening our position in specialised silicones segments in China, in line
with our growth and specialisation strategy. Today’s macro environment
highlights the value of being a global specialty player across regions,” says
Michael Koenig, CEO of Elkem ASA.

Approximately 90 per cent of Polysil’s revenues are generated in China,
primarily in South China. Elkem’s capabilities and positions in other parts of
China and internationally provide a solid platform for Polysil’s products and
further growth. Elkem’s production in China is back around normal capacity
levels, after experiencing delayed start-up after Chinese New Year due to the
coronavirus situation.

“Polysil’s products and market positions in food, baby care, electronics and
medical markets are complementary to Elkem. 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.
This continues also in the current macro environment,” says Frederic Jacquin,
Senior Vice President for Elkem’s Silicones division.

Polysil has 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 scientists.

“Polysil is excited to join the Elkem family. The management team of Polysil is
very pleased to stay with the company in the next stage. We are confident to
further develop and integrate our business with Elkem’s worldwide platform,
bring more value to our customers, and create a brighter future together,” says
Hanyong Ma, the current and future general manager of Polysil.

The transaction was announced 30 December 2019. In 2019, Polysil delivered a
total operating revenue of RMB 624 million with earnings after tax of RMB 95
million. The companies have agreed an enterprise value for Polysil of up to RMB
941 million, including potential earn-out dependent on pre-agreed parameters.

All regulatory approvals for the acquisition have been concluded and the
settlement of the transaction took place 1 April 2020. Polysil will be
consolidated into Elkem’s financial statement with effect from 1 April 2020.

For further information:

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

Fredrik Norman, VP Corporate Communications & Public Affairs
Tel: +47 918 66 567
Email: fredrik.norman@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. Elkem is a publicly listed company on
the Oslo Stock Exchange (ticker code: ELK) and is headquartered in Oslo. The
company has more than 6,370 employees with 29 production sites and an extensive
network of sales offices worldwide. In 2019 Elkem had revenues of NOK 22.7
billion. To learn more, please visit www.elkem.com

Kilde

[TekBot]

Elkem ASA - Notice of annual general meeting 2020

Oslo, 15 April 2020

The annual general meeting of Elkem ASA will be held on Friday 8 May 2020 at
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09:00 (Norwegian time) at Felix Conference Centre, Bryggetorget 3, Vika in
Oslo. The full notice is attached, and all relevant documents can be found on
www.elkem.com/investor

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

For further information:
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. Elkem is a publicly listed company on
the Oslo Stock Exchange (ticker code: ELK) and is headquartered in Oslo. The
company has more than 6,370 employees with 29 production sites and an extensive
network of sales offices worldwide. In 2019 Elkem had revenues of NOK 22.7
billion. To learn more, please visit www.elkem.com

Kilde

[TekBot]

Elkem ASA - Disclosure of voting rights at the annual general meeting for the vice chair of the board of directors, Dag J. Opedal

Oslo, 22 April 2020

In connection with the annual general meeting of Elkem ASA, to be held on 8 May
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2020, the vice chair of the board of directors, Mr. Dag J. Opedal, has received
a proxy without voting instructions to vote for the 338,338,536 shares held by
Bluestar Elkem International Co., Ltd. S.A, representing 58.20% of the shares
and votes in Elkem ASA. In addition, the vice chair has received proxies
without voting instructions for 86,830 shares from other shareholders,
representing 0.02 % of the shares and votes. The proxies received are only
valid for the annual general meeting and will lapse automatically thereafter.

The vice chair of the board of directors also personally controls 40,000 shares
in Elkem ASA, representing 0.01% of the shares and votes.

In total, the vice chair may vote for 338,465,366 shares, representing 58.23 %
of the shares and votes at the annual general meeting.

This information is subject to the disclosure requirements pursuant to section 4
-3, cf. section 5-12 of the Norwegian Securities Trading Act.

For further information:

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. Elkem is a publicly listed company on
the Oslo Stock Exchange (ticker code: ELK) and is headquartered in Oslo. The
company has more than 6,370 employees with 29 production sites and an extensive
network of sales offices worldwide. In 2019 Elkem had revenues of NOK 22.7
billion. To learn more, please visit www.elkem.com

Kilde