Elkem Full Year 2024 Earnings: EPS Misses Expectations

Elkem (OB:ELK) Full Year 2024 Results

Key Financial Results

• Revenue: kr17.8b (down 48% from FY 2023).
• Net income: kr2.03b (up by kr1.95b from FY 2023).
• Profit margin: 11% (up from 0.2% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: kr3.20 (up from kr0.11 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Elkem EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%.

The primary driver behind last 12 months revenue was the Silicones segment contributing a total revenue of kr15.1b (85% of total revenue). Explore how ELK's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Chemicals industry in Norway.

Performance of the Norwegian Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Elkem that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.