Elkem ASA ELK

What the company says it expects, and how often it has delivered on it.

Guidance in the latest report

• Annual savings from cost-reduction programme (annual, once programme completed)
  “The target is to deliver annual savings of more than NOK 600 million.” (p. 4)
• Global workforce reduction from cost-reduction programme (2026)
  “Once completed, the programme will have exceeded the target, nearing a reduction of 400 FTEs.” (p. 4)
• Working capital reduction target (2026)
  “In addition, Elkem is targeting a working capital reduction of NOK 1 000 million.” (p. 4)
• Investments capped at maximum for the year (FY 2026)
  “Investments will be capped at a maximum of NOK 1 000 million for the year.” (p. 4)
• Reinvestment target as share of depreciation and amortisation (target)
  “Elkem’s reinvestment target is 80-90% of depreciation and amortisation (D&A).” (p. 6)
• Cost reduction programme contribution to results (Q3 2026 and onwards)
  “Elkem’s cost reduction programme will continue to contribute positively to the results from the third quarter and onwards.” (p. 7)
• Silicon Products Q3 performance impacted by seasonally lower activity, underlying profitability improving (Q3 2026)
  “The underlying profitability is improving, but third quarter is expected to be impacted by seasonally lower activity.” (p. 7)
• Carbon Solutions financial performance (Q3 2026)
  “Carbon Solutions expects generally stable financial performance in the third quarter.” (p. 7)

Guidance against the outcome

Amounts in NOK million. Each outcome counts from the day the report with the actual figure was published, as a backtest sees it. Hover a metric for the report's own words; click the date or the actual figure to open the report on its page.

Guidance only counts when it names a year or quarter and a figure the reports show: revenue, operating profit, margins, EPS and bank and insurance ratios. Read by an AI model and can be wrong. Not investment advice.