Weak Chinese market impacts Elkem results

Oslo – Elkem Silicones was hit by weak market sentiment, particularly in China, in the fourth quarter of 2018.

Operating income for the three months to end of December 2018 was stuck at the prior-year levels at NOK6.2 billion (€637 million), the Norwegian silicones company announced 12 Feb.

The company attributed the flat results, in part to sales prices and volumes in China which were affected by ‘lower demand and maintenance shutdowns.’

EBITDA (earnings) for the quarter amounted to NOK974 million, down from NOK1,078 million in the corresponding…

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