Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OB Match |
Sektor | Material |
Industri | Plast, kemikalier & fetter |
2023-12-21 09:00:14
Oslo, 21 December 2023
Scope has today affirmed its BBB issuer rating of Elkem ASA and changed the
outlook from stable to negative.
The affirmed investment grade rating reflects Elkem's sound financial policy,
strong cost position, good global footprint, and integrated position in the
silicone industry. The change in outlook reflects the deterioration in revenue
and profitability in 2023 and the prospects of a prolonged economic slowdown in
the company's main markets.
Scope also affirms the S-2 short-term debt rating, and the BBB senior unsecured
debt rating.
The rating report from Scope is attached.
For further information, please contact:
Odd-Geir Lyngstad
VP Finance and Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.com
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
About Elkem
Elkem is one of the world's leading providers of advanced silicon-based
materials shaping a better and more sustainable future. The company develops
silicones, silicon products and carbon solutions by combining natural raw
materials, renewable energy and human ingenuity. Elkem helps its customers
create and improve essential innovations like electric mobility, digital
communications, health and personal care as well as smarter and more sustainable
cities. With a strong track record since 1904, its global team of more than
7,300 people has a joint commitment to stakeholders: Delivering your potential.
In 2022, Elkem achieved an operating income of NOK 45.9 billion and CDP ratings
of A- on climate and forest. Elkem is listed on the Oslo Stock Exchange (ticker:
ELK), where the company is also included in the ESG Index. www.elkem.com