Elkem

One of the world's leading suppliers of silicon-based advanced materials with operations throughout the value chain from quartz to specialty silicones.

Launch date

1904

Employees

1001-5000 people

Market cap

Enterprise valuation

€2.4b (Public information from Sep 2024)

Company register number 911382008

Oslo Norway (HQ)

https://www.elkem.com/

https://twitter.com/elkem_asa https://www.linkedin.com/company/elkemasa/

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Revenues, earnings & profits over time

NOK	2020	2021	2022	2023	2024	2025	2026
Revenues	24.0b	33.1b	45.0b	34.4b	35.3b	39.6b	43.0b
% growth	8 %	38 %	36 %	(24 %)	3 %	12 %	9 %
EBITDA	2.9b	8.0b	12.7b	3.8b	4.3b	5.7b	6.5b
% EBITDA margin	12 %	24 %	28 %	11 %	12 %	14 %	15 %
Profit	239m	4.6b	9.6b	72.0m	1.0b	2.1b	2.8b
% profit margin	1 %	14 %	21 %	-	3 %	5 %	7 %
EV / revenue	1.0x	0.7x	0.6x	0.7x	0.6x	0.5x	0.5x
EV / EBITDA	8.5x	3.0x	2.0x	6.0x	5.2x	3.6x	3.1x

Date	Investors	Amount	Round
Apr 2016	Innovation Norway	NOK400k	Grant
Aug 2016	Innovation Norway	NOK16.0m	Grant
Dec 2016	Innovation Norway	NOK200k	Grant
Mar 2018	N/A	NOK16.9b	IPO
Dec 2018	Innovation Norway	NOK7.1m	Grant
Jun 2019	Innovation Norway	NOK18.0m	Grant
Dec 2019	N/A	$5.5m	Grant
Sep 2020	N/A	$12.0m	Grant
Sep 2020	Natural Resources Canada	$5.0m	Post IPO Equity
Dec 2021	Research Council of Norway	NOK16.0m	Grant
Apr 2022	Innovation Norway	NOK5.5m	Grant
Aug 2023*	Danske Bank DNB	NOK1.0b	Post IPO Equity
Mar 2024*	Enova	N/A	Grant
Total Funding		€22.9m