Orkla Materials

Losses on Elkem power trading resulted in a substantial difference in profit for the energy business compared with last year's unusually high figure
Weak performance by Elkem Aluminium driven by losses on metal hedges, a weaker dollar and higher raw material costs
Construction of Elkem Solar's industrial plant is on schedule, but higher costs charged to profit than last year
Good market conditions bring profit growth for Borregaard's chemicals business despite high raw material and energy prices and unfavourable currency movements

Orkla Materials posted first-quarter operating revenues of NOK 3,922 million (NOK 3,568 million)¹ and EBITA of NOK 319 million (NOK 622 million)¹.

¹ The figures in brackets refer to the corresponding period of the previous year.
2 Excluding acquisitions, divestments and currency translation effects.

Orkla Materials

Orkla Materials comprises the companies Elkem and Borregaard.
Elkem is one of the world's leading companies in the environment-friendly manufacture of metals and materials. Its main products are aluminium, energy, silicon metal, special ferrosilicon alloys for the casting industry, carbon and microsilica. Elkem has also invested heavily in the solar industry.
Borregaard has one of the world's most advanced biorefineries and is a leading manufacturer of biochemicals based on renewable raw materials. The company also holds attractive positions in ingredients, fine chemicals and energy.

Key personnel

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