Elkem has four business divisions and a technology division providing fundamental research, innovation and project services. In 2016 the company acquired Elkem Rana and Elkem Nagpur, and in 2017 Elkem assumed management responsibility of Jiangxi Bluestar Xinghuo Silicones and Bluestar Yongdeng Silicon Materials.
Elkem’s overall objectives are customer satisfaction, continuous improvement and growth. Elkem is making an active commitment to solar energy and to selected areas in metals and materials where the company can be a leading player.
Elkem is committed to the development and application of technology and business systems that results in continuous improvements in processes and costs. Elkem pays great attention to strategic positions, change processes and product development, and is constantly realigning its product portfolio towards more customer-tailored solutions and towards business areas with stronger underlying growth.
Elkem generally seeks long-term relationships and contracts throughout the value chain from raw materials to customers. This allows our products to be tailored to each customer’s requirements, while providing more predictable financial results.
|Key figures Elkem AS|
|Revenues||NOK million||14 226||14 541||12 674||11 473||11 526|
|EBITDA||NOK million||1 618||2 207||1 248||819||1 048|
|EBIT||NOK million||941||1 310||527||345||(216)|
|Profit for the year||NOK million||758||842||161||(268)||(82)|
|Total assets||NOK million||14 813||14 477||14 579||13 086||12 548|
|Net interest bearing assets /(debt)||NOK million||(1 729)||(1 928)||(3 530)||(3 538)||(7 399)|
|Equity||NOK million||7 459||6 167||4 754||4 022||(112)|
|Equity ratio||Per cent||50.4||42.6||32.6||30.7||(0.9)|
|Employees||Numbers||3 806||3 628||3 459||3 420||3 409|
* The numbers do not include Elkem Rana and Elkem Nagpur acquired in 2016. Please refer to accounting principles under consolidated financial statement Elkem AS group for more details.
Elkem Annual report 2016
Elkem Annual report 2015