Norsk Hydro ASA

Earnings data Q1 2021

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Norsk Hydro ASA engages in producing and supplying alumina and primary aluminum. It operates through the following segments: Hydro Bauxite and Alumina, Hydro Aluminium Metal, Hydro Extrusions, Hydro Energy, Hydro Metal Markets, and Other. The Hydro Bauxite and Alumina segment includes bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina. The Hydro Aluminium Metal segment focuses on primary aluminium production and casting activities. The Hydro Extrusions segment delivers products within extrusion profiles, building systems and precision tubing, and is operating several recycling facilities, both integrated with its extrusion plants and separate plants. The Hydro Energy refers to operating and commercial responsibility for Hydro's power stations in Norway, a trading and wholesale business in Brazil, and energy sourcing for Hydro’s world-wide operations. The Hydro Metal Markets is involved in all sales activities relating to products from primary metal plants and operational responsibility for stand-alone recyclers as well as physical and financial metal trading activities. The company was founded on December 2, 1905 and is headquartered in Oslo, Norway.

Eivind Kallevik has been appointed President and CEO of Norwegian aluminium and renewable energy company Norsk Hydro ASA. Kallevik succeeds Hilde Merete Aasheim, who has decided to step down after five years. The appointment will be effective May 13, 2024.

Norsk Hydro: Eivind Kallevik appointed CEO of Hydro

Executive Vice President Trond Olaf Christophersen has from March 6, 2024, been appointed acting CFO in Hydro. He replaces CFO Pål Kildemo, who will be leaving Hydro latest August 31 for a competitor.

Norsk Hydro: Trond Olaf Christophersen appointed acting CFO in Hydro

Pål Kildemo, Executive Vice President and CFO, has decided to leave Hydro to take the position as CFO in Emirates Global Aluminium (EGA).

Norsk Hydro: Pål Kildemo to leave Hydro

Timken

Investors looking for stocks in the Metal Products - Procurement and Fabrication sector might want to consider either Norsk Hydro ASA (NHYDY) or Timken (TKR). But which of these two stocks is more attractive to value investors?

NHYDY vs. TKR: Which Stock Should Value Investors Buy Now?

Norsk Hydro ASA has on February 15, 2024, signed a USD 1,000 million revolving multi-currency credit facility.  The facility, which is available for general corporate purposes, carries a two-year tenor with a one-year extension option and replaces Hydro's undrawn USD 1,300 million revolving credit facility.

Norsk Hydro: Hydro signs new USD 1,000 million revolving credit facility

Please find attached to this release and published on www.hydro.com Norsk Hydro Annual Report 2023 on European Single Electronic Format (ESEF) - Norwegian Investor contact: Martine Rambøl Hagen+47 91708918Martine.Rambol.Hagen@hydro.com This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment 549300N1SDN71ZZ8BO45-2023-12-31-nb

Norsk Hydro: Annual report 2023 European Single Electronic Format (ESEF)

2023 was a year marked by the consequences of wars, geopolitical rivalry and the battle against inflation, which led to challenging markets and weaker financial results. However, while managing the uncertainty in the short-term, Hydro is strengthened in its conviction about the long-term commercial opportunities arising from the green transition and the key role aluminium is set to play.

Norsk Hydro: Shifting gear to capture opportunities in a new reality

The Board of Directors of Norsk Hydro ASA have decided to propose to the General Meeting a dividend of NOK 2.5 per share on the basis of the company's financial statements for the financial year 2023.

Norsk Hydro: Key information related to proposed cash dividend

Hydro's adjusted EBITDA for the fourth quarter of 2023 was NOK 3,737 million, down from NOK 7,184 million for the same quarter last year. Full year 2023 adjusted EBITDA amounted to NOK 22,258 million, compared with NOK 39,664 million in 2022.

Norsk Hydro: Changing the aluminium game - Strengthening position in challenging markets

Hydro's fourth quarter results 2023 will be released at 07:00 CET (01:00 EST, 06:00 UTC/GMT) on February 14, 2024. The annual report 2023 will be released the same day at 08:00 CET (02:00 EST, O7:00 UTC/GMT). The quarterly report, presentation slides and annual report will be available on  hydro.com  at the same time as the releases.

Norsk Hydro: Reminder - Hydro's fourth quarter results 2023

On January 31, 2024, Hydro finalized the open market repurchase of the 2023-2024 buyback program as announced on September 22, 2023. The total program comprises 32 192 623 shares, of which 21 163 019 shares were repurchased in the market.

Norsk Hydro: Market part of Hydro`s 2023-2024 share buyback program finalized

Hydro's fourth quarter results 2023 will be released at 07:00 CET (01:00 EST, 06:00 UTC/GMT) on February 14, 2024. The annual report 2023 will be released the same day at 08:00 CET (02:00 EST, O7:00 UTC/GMT). The quarterly report, presentation slides and annual report will be available on  hydro.com at the same time as the releases.

Norsk Hydro: Invitation - Hydro's fourth quarter results 2023

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Low order levels cloud the near-term prospects of the Zacks Metal Products - Procurement and Fabrication industry. However, the likes of NHYDY, SKFRY, ESAB, CENX and TRS seem well-poised to tide over the hurdles.

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The world's top aluminum producer, Norsk Hydro NHY, -3.30%, on Thursday said it would be recording a 5.09 billion Norwegian Krone ($495 million) impairment in its fourth quarter results, causing its share price to dip.

Norsk Hydro shares dip as weak market sees world's top aluminum producer take $495m hit

Faced with challenging alumina market conditions and Australian power price insecurity, Norsk Hydro ASA will report total impairment losses of approximately NOK 5.9 billion in its fourth quarter results.

Norsk Hydro: Impairments affect Hydro's fourth quarter results

Tredegar

Aluminum is a highly utilitarian metal that has application across multiple Industries. However, prices have fallen throughout 2023, which has caused problems for weaker aluminum stocks.

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Glencore PLC

(Kitco News) - Globally diversified mining and metals group Glencore (LSE: GLEN) today announced it has closed the purchase of stakes in Alunorte and Mineracão Rio do Norte (MRN) from Norsk Hydro for $1.11 billion.

Glencore completes $1.11B acquisition of Brazilian asset stakes from Norsk Hydro

Hydro has completed the USD 1.11 billion transaction for the sale of 30 percent interest in the Brazilian alumina refinery Hydro Alunorte and Hydro's 5 percent interest in the bauxite producer Mineracão Rio do Norte (MRN), together with Vale's 40 percent stake in MRN.

Hydro completes sale to Glencore

Hydro is shifting gear to capture opportunities created by increased demand for low-carbon aluminium. Towards 2030, Hydro will step up growth in aluminium recycling and extrusions, and in its ambitions within renewable power generation. Hydro will execute on its decarbonization roadmap, and contribute to nature positive and a just transition, while shaping the market for greener aluminium. These are key topics for Hydro's Capital Markets Day 2023.

Hydro Capital Markets Day 2023: Pioneering the green aluminium transition, powered by renewable energy

The parties have received unconditional approval from relevant competition authorities, including Brazil, China, Germany and Austria, and there are no outstanding regulatory conditions to complete the transaction.

Norsk Hydro: Hydro receives competition clearing for Alunorte partnership with Glencore

Hydro has been informed Markbygden Ett AB has entered a company reorganization process in accordance with the Swedish Reorganization Act. The process may affect deliveries under the long-term power contract between Markbygden Ett AB and Hydro Energi AS, but it will not affect the security of supply to Hydro's Norwegian smelters.

Norsk Hydro: Hydro notified about company reorganization of Markbygden Ett AB

Norsk Hydro is a low-cost producer of aluminum materials, with durable competitive advantages. The company is facing challenges due to the undermining of CO2 compensation schemes in Norway and pressure on construction and automotive markets. Positive factors include strong demand in China's EV and renewable energy sectors, as well as the precedent valuation of Hydro Rein and its ramping up.

Norsk Hydro: Some Positive Increments But Still Some Cycle Pressure (Rating Downgrade)

Hydro invites you to our Capital Markets Day on November 29-30, 2023. Registration:Please use this link for registration.

Norsk Hydro: Reminder - Invitation to Hydro's Capital Markets Day, Oslo, November 29-30, 2023

Norsk Hydro ASA (OTCQX:NHYDY) Q3 2023 Earnings Conference Call October 24, 2023 2:30 AM ET Company Participants Martine Rambol Hagen - Head of Investor Relations Hilde Merete Aasheim - President and Chief Executive Officer Arvid Moss - Executive Vice President, Hydro Energy Pal Kildemo - Executive Vice President and Chief Financial Officer Martine Rambol Hagen Good morning and welcome to Hydro's Third Quarter 2023 Presentation and Q&A. Our CEO, Hilde Merete Aasheim, will start off presenting key highlights for the quarter, together with a strategic update.

Norsk Hydro ASA (NHYDY) Q3 2023 Earnings Call Transcript

Hydro's adjusted EBITDA for the third quarter of 2023 was NOK 3,899 million, down from NOK 9,721 million for the same quarter last year. This resulted in an adjusted RoaCE of 8.5 percent over the last twelve months.

News for Norsk Hydro ASA Stock (NHYDY)