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Elkem A ELK.OL · NOK

Materials · Oslo Børs · 🇳🇴 Norway

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30.94

+2.18%

Close of 9 Nov 2026, in NOK

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About Elkem A

Its shares trade on Oslo Børs under the ticker ELK.OL. It has been listed since 21 March 2018. In the fiscal year to 31 December 2025, it reported revenue of NOK 16.54bn and a net loss of NOK 668.0m. At that date it held total assets of NOK 47.48bn and shareholders' equity of NOK 23.92bn.

Elkem ASA engages in the manufacturing and distribution of silicon-based materials. The company is headquartered in Oslo, Oslo. The company went IPO on 2018-03-21. Its operations comprise such segments as the Silicones that manufactures and sells siloxanes, a range of silicones, and a commoditized products produced by reacting silicon with methyl chloride through various chemical reactions and formulations; the Silicon Materials, which includes manufacturing and selling of various grades of metallurgical silicon and microsilica; the Foundry Products that provides metal treatment solutions to iron foundries and supplies specialty ferrosilicon to the steel industry, and the Carbon, which manufactures carbon electrode materials, lining materials and specialty carbon products for metallurgical processes. The firm serves customers in chemical, solar, electronics, aluminum, construction, refractory, oil and gas industries worldwide.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Materials
Industry
Chemicals
Listed since
21 Mar 2018
Employees
6,931
Website
elkem.no ↗

Leadership

Pay as last reported

  • Mr. Bo LiChairman of the Board, since 2023
  • Mr. Helge AasenChief Executive OfficerNOK 17.4m
  • Mr. Dag OpedalIndependent Vice Chairman of the BoardNOK 753,000
  • Mr. Morten VigaChief Financial OfficerNOK 9.1m
  • Mr. Havard MoeSenior Vice President - Elkem TechnologyNOK 7.5m
  • Mrs. Katja LehlandSenior Vice President - Human ResourcesNOK 8.3m
  • Ms. Sandy ChenSenior Vice President - Elkem Silicones
  • Mr. Inge Grubben-StromnesSenior Vice President - Silicon ProductsNOK 8.9m
  • Mr. Luiz SimaoSenior Vice President - Carbon SolutionsNOK 7.9m
  • Mr. Asbjorn SovikSenior Vice President - Green Ventures and DigitalNOK 8.5m
  • Mr. Morten VollSenior Vice President - Strategy and Business Development
  • Mr. Louis VovelleSenior Vice President - Innovation and R&DNOK 7.1m

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
86
Environment
99
Social
94
Governance
64
Direct emissions (scope 1)
1,768,000 t
Energy emissions (scope 2)
832,654 t
Value chain emissions (scope 3)
6,812,055 t
Women in the workforce
25%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Elkem ASA has several strengths that contribute to its competitive position in the market. Notably, the company benefits from a strong brand reputation, which is built upon its long-standing presence in the industry. This enables Elkem to foster trust among its clients and stakeholders, ultimately translating into customer loyalty and increased market share.
  • Another key strength of Elkem is its diversified product portfolio, encompassing a wide range of advanced materials. This diversity not only minimizes the company's dependency on any single product, but also enables it to capture opportunities in multiple market segments, ensuring continued revenue growth.

Weaknesses

  • Elkem ASA also faces certain weaknesses that need to be addressed to maintain its competitive edge. One notable weakness is the company's relatively high production costs compared to some competitors. This may result in a pricing disadvantage, potentially limiting Elkem's ability to secure contracts or gain market share in price-sensitive markets.
  • Additionally, Elkem's dependency on key suppliers for raw materials poses a vulnerability. Any disruption in the supply chain could impact production and lead to delays or increased costs. Diversifying the supplier base and establishing contingency plans could help mitigate this weakness.

Opportunities

  • Elkem ASA has several opportunities to capitalize on within the market. Firstly, the increasing demand for sustainable and eco-friendly products presents a chance for Elkem to leverage its expertise in developing innovative and environmentally conscious materials. By aligning its product offerings with this trend, Elkem can gain a competitive advantage and attract environmentally conscious customers.
  • Furthermore, the company can explore expansion into emerging markets, where demand for its products may be relatively untapped. By adapting its market entry strategies to suit the specific needs and preferences of these markets, Elkem can establish a foothold and enhance its revenue streams.

Threats

  • Elkem ASA faces several threats that could impact its business operations. One prominent threat is intense market competition. The industry is characterized by the presence of numerous well-established competitors, some of which may have greater financial resources or higher brand recognition. Elkem needs to continually innovate and differentiate its offerings to counter this competitive pressure.
  • Additionally, changes in government regulations and policies pose a risk to Elkem's operations. Shifts in environmental regulations, trade policies, and import/export restrictions may impact the company's ability to operate efficiently or access certain markets. Monitoring and promptly adapting to regulatory changes are critical to mitigate this threat.

Sources and methodology

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