OB:ELKChemicals
Assessing Elkem (OB:ELK) Valuation As Restructuring And Cost Cuts Reshape The Business
What Elkem’s restructuring means for shareholders
Elkem (OB:ELK) is overhauling its organisation after the sale of most of its Silicones division. The company is creating three focused business units and cutting roughly 300 jobs to lower costs and adjust to weaker market conditions.
See our latest analysis for Elkem.
Against this backdrop of restructuring, Elkem’s share price has softened recently, with a 7 day share price return of 4.78% and a 30 day share price return of 7.57%. The 1 year...