Elkem ASA (ELK.OL,ELKEF), a provider of silicon-based products, Thursday reported a decrease in profit for third quarter compared to last year. Revenues were lower than the prior year.
For the period, profit attributable to owners of the parent came down to Norwegian Kroner or NOK 29 million from NOK 92 million in the earlier year.
The company's earnings per share was 0.05 NOK from 0.15 NOK a year ago.
Elkem's profit for the year from continuing operations declined to NOK 241 million from NOK 459 million last year.
The company reported total operating income of NOK 7.52 billion lower than NOK 8.06 billion earlier year.
For the reported quarter, EBITDA was NOK 829 million, down from NOK 1.24 billion the prior-year quarter.
The silicone producer's revenue was NOK 4.08 billion lower than 4.15 billion in the prior year.
Helge Aasen, CEO stated, "While uncertainties persist due to geopolitical and trade developments, Elkem benefits from a geographically diverse portfolio, a resilient supply chain and strong client relations, enabling our company to respond effectively to shifting market trends."
The company issued an outlook for the fourth quarter 2025. Strategic review progressing as planned. They are trying to increase prices, but markets are still hampered by overcapacity. Potential trade regulations and protective measures are expected to impact Elkem's markets going forward. According to the company, the safeguard measures in EU are not yet finalized, so the overall impact remains uncertain.
On the Oslo Stock Exchange, the stock was down 1.04 percent at 26.72 Norwegian kroner.
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