norsk hydro quarterly report

Hydro's underlying EBIT for the fourth quarter of 2020 was NOK 1,449 million, up from NOK 560 million in the same quarter last year. We supply low-carbon aluminium to customers worldwide and offer renewable energy solutions to industries that want to power manufacturing in a greener way. Once registered, you will receive a separate email confirming your registration. Total investments are estimated to USD 320 million (100% basis) and Hydro Rein will have a 33.3% ownership in the joint venture. This upgrade will allow The Dalles to process an additional 10,000 tonnes of PCS each year and increase overall recycled aluminium output by 27,000 tonnes. Hydro's net debt position decreased from NOK 3.6 billion to NOK 1.2 billion at the end of the quarter. The pricing of the loan and the swap is linked to the performance of the Alunorte greenhouse gas emission reduction target. Continued. The alumina market also tightened during the quarter. The quarterly report, annual report and presentation slides will be available on www.hydro.com at the same time. Hydro disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. As a result, global inventories were reduced during the quarter, and the primary aluminium market for 2021 is expected to be in a deficit. Energy constraints in China and production disruptions in the Atlantic region impacted the global supply of alumina. Following the acquisition of Alumetal, Hydro will increase the use of post-consumer aluminium of 150,000 tonnes per year, which together with recently announced recycling projects, will enable Hydro to meet its ambition to double recycling of post-consumer aluminium by 2025, says Aasheim. This improvement was partly offset by higher raw material costs. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. The revolving credit facility of USD 1.6 billion was fully available at the end of the quarter. Successful ramp-up of production at the Alunorte refinery,. Changes in these assumptions may have a material impact on the backtested returns presented. The extrusion plants have also offered temporary accommodations for the families arriving in Poland, and employees are volunteering to support the many who are fleeing Ukraine. May 03, 2022 01:00 ET A story shaped by you. The investment at The Dalles comes on top of the previously announced recycling investments in 2021 which provide 185,000 tonnes of additional cast-house products, based on an additional intake of 65,000 tonnes of PCS. Hydro's adjusted EBITDA for the first quarter of 2023 was NOK 7,525 million, down from NOK 11,165 million for the same quarter last year. We see increased demand for aluminium used in customers solutions to curb emissions. The market prices for caustic soda, fuel oil, coal, pet coke, and pitch continued to increase, which began during the second half of 2020. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Norsk Hydro (OTC: NHYDY) is set to give its latest quarterly earnings report on Tuesday, 2022-10-25. Tripadvisor staff removed this post because it did not meet Tripadvisor's forum posting guidelines with prohibiting self-promotional advertising or solicitation. Strong markets and higher volumes driving record result in Aluminium Metal, Lower production volumes mitigated by price area differences in Energy, Investments in Recycling and Extrusions supporting Hydro 2025 strategy. In addition to the factors discussed above, reported earnings before financial items and tax (EBIT) and net income include effects that are disclosed in the quarterly report. Hydros adjusted EBITDA for the first quarter of 2022 was NOK 11,165 million, up from NOK 5,182 million for the same quarter last year, resulting in a 12-month rolling Adjusted RoaCE of 23 percent. Net income from continuing operations amounted to NOK 1,127 million in the third quarter. In China, energy supply constraints and consumption limitations resulted in supply cuts. Some people who only have a day in the city would benefit from seeing what others have done in a day. We see strong growth in demand for our low-carbon offerings, Hydro REDUXA and Hydro CIRCAL. Higher all-in metal and alumina prices, in addition. During the third quarter, Alunorte produced at nameplate capacity for the third consecutive quarter at an annualized rate of 6.3 million tonnes of alumina. Hydros second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023. Compared to the second quarter 2021, Hydros adjusted EBITDA increased from NOK 6,598 million to NOK 7,219 million in the third quarter 2021. Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. Cautionary noteCertain statements included in this announcement contain forward-looking information, including, without limitation, information relating to (a) forecasts, projections and estimates, (b) statements of Hydro management concerning plans, objectives and strategies, such as planned expansions, investments, divestments, curtailments or other projects, (c) targeted production volumes and costs, capacities or rates, start-up costs, cost reductions and profit objectives, (d) various expectations about future developments in Hydro's markets, particularly prices, supply and demand and competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk management, and (i) qualified statements such as "expected", "scheduled", "targeted", "planned", "proposed", "intended" or similar. 1910: What became of Professor Birkeland? To join the webinar and ask questions, register your details in the | Source: The plant is one of the most technologically advanced battery recycling plants globally and the largest facility in Europe. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. There will be a Q&A session directly after the presentation. Hydro's first quarter 2022 results will be released at 07:00 CET ( 01:00 AM EST, 06:00 GMT ), on Tuesday, May 3, 2022. Stock Price data may be delayed up to 15 minutes. In addition to the factors described above, Net income from continuing operations included a net foreign exchange loss of NOK 622 million and a NOK 3,005 million unrealized loss on LME-related contracts. Hydro held NOK 21.2 billion in cash and cash equivalents and NOK 1.5 billion in time deposits, included in short-term investments, at the end of the quarter. Hydro has set out a clear strategic direction toward 2025 and aims to strengthen its position in low-carbon aluminium, while exploring growth opportunities in new energy. Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more. Here's what investors need to know before the announcement. Adjustments to EBITDA, EBIT and net income (loss) are defined and described as part of the alternative performance measures (APM) section in the quarterly report. Verbund has participated and successfully acquired the power plants. This is very helpful for any length of time. In April, construction was initiated on the Cassopolis recycling plant in Michigan. Cookies are used to offer you a better browsing experience and to analyze our traffic. Norsk Hydro ASA (OTCMKTS:NHYDY - Free Report) last posted its quarterly earnings data on Friday, April 28th. Improved margins and volumes downstream and lower raw. Strong performance in Extrusions is the main driver for achieving the target ahead of schedule. These positive elements were partly offset by higher raw material costs upstream and negative currency effects, in addition to increased operational costs in Bauxite & Alumina relating to the decommissioning of a crane used to unload bauxite from ships. Executive Vice President and CFO Pl Kildemo will host a webinar in English at 08:30 CEST the same day. An investment decision for a potential first-phase plant at Herya, Norway, is expected in the first half of 2022. Switching from heavy fuel oil to liquid natural gas at Alunorte is expected to reduce CO2 emissions by 600,000 tonnes. We advise that you investigate in advance if your company has any restrictions using this platform. Working on a story about aluminum? To join the webinar and ask questions, register your details in the webcast page. Hydro's second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023. First quarter 2023: Robust results, executing on strategy, Please accept marketing cookies to view this content, The power of power - Hydro Energys history, Green and Sustainability-Linked Financing Framework, Invitation to Hydro's second quarter results 2023, Hydros roadmap to zero emission aluminium production, Proposal / request to general meeting of shareholders, Wide MPEs - aluminium profiles for battery cooling, Developing carbon capture and storage technology for aluminium smelters, HalZero zero-emission electrolysis from Hydro, Using personal identification information, Norwegian code of practice for corporate governance, 2013: The world's biggest manufacturer of aluminium extrusions, 1996: Ormen Lange a fortune in the Halten bank, 1987: Cleaning up the dark side of industry, 1966: A unique collaboration between two men with quite different backgrounds, 1950: The metal is magnesium, the car is the Beetle, 1947: rdal: light at the end of a long tunnel, 1939: Holidays at Hydros cabins by the sea and in the mountains, 1930: Cooperation and market shares during the depression, 1919: Research as driving force and inspiration. The aluminium market was in deficit during the third quarter. 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The volume is based on 100 percent post-consumer scrap with a footprint <0.5 kg CO2/kg Al. A friendly work environment of knowledgeable professionals. From college towns to capitals of cool, these cities are some of the best places to visit in Germany. No assurance can be given that such expectations will prove to have been correct. No representations and warranties are made as to the reasonableness of the assumptions. The Albras primary aluminium plant has signed a power purchase agreement with the Boa Sorte solar power plant for annual supply of about 93 MW power in the period 2025-2044, denominated in USD. The quarterly report and presentation will be available on www . E.ON has been obliged by the EU-commission to sell a total capacity of 5,000 MW of their German power plants. View the, @ the Bell: Apple stock hits historic high, @ the Bell: Markets nudge higher as Q2 2023 nears its end, @ the Bell: Despite market split, TSX joins global rally, NIO Inc. Press releases, photos, stories, facts and figures you will find everything you need here. The webcast is powered by Livestorm. Norsk Hydro : Hydros first quarter 2023 results May 09, 2023 at 08:38 am Robust results despite volatile markets and weaker demand Balanced aluminium markets and falling raw material prices supporting margins Capturing greener demand growth Strategic growth in Recycling and Extrusions I thought this was a good idea for all who go to Munich or who are thinking of going to read thru the reports to have an idea of what to do and how people viewed there trips and thus we can come back and write up a report on how our trip went. Hydro's underlying EBIT for the first quarter of 2020 was NOK 2,247 million, up from NOK 559 million for the same quarter last year. Financial Market Data powered by QuoteMedia. Investor contact: Hydro continues to implement guidelines in accordance with national regulations in handling of the pandemic. Average Retirement Savings By Age: Are You Normal? Developing state-of-the-art sustainable products is a key part of our positioning towards delivering on increasing demand for greener aluminium. Training to become a power plant operator, Training at a thermal power plant Mellach, Our apprenticeship workshop and supervision. The quarterly report and presentation will be available on During the first quarter, various key markets have reported their highest inflation rates for the past 20 years. 1910: What became of Professor Birkeland? TipRanks is a comprehensive research tool that helps investors make better, data-driven investment decisions. Hydros sustainability ambitions are key drivers for future competitive positioning. If you are a resident of another country or region, please select the appropriate version of Tripadvisor for your country or region in the drop-down menu. The aluminium provided by Hydro is industry leading with a low CO2 footprint, covering emissions from mine to metal. Our ambition is lifting profitability and driving sustainability, creating value for all stakeholders. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. As a result, the Atlantic alumina market traded at a premium compared to the Pacific. - Tight markets with strong prices and high volatility- Record results in Aluminium Metal, Energy and Extrusions- Strong growth in volumes of greener products, first near-zero aluminium produced in Clervaux- Significant growth in recycling- Hydro Rein growing portfolio beyond 1 GW. Further, energy consumption restrictions have triggered supply cuts for alloying metals such as magnesium and silicon. Hydro is well positioned to capture this longer-term demand in automotive, says Aasheim. Hydro has several initiatives to reduce waste from our processes. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. The webcast is powered by Livestorm. There will be a Q&A session directly after the presentation. Full-year 2021 EBITDA amounted to NOK 28,010 million,. There will be no presentation or press conference at our corporate headquarters. This information is subject to the disclosure requirements pursuant to Section 5 -12 the Norwegian Securities Trading Act and the Euronext Rule Book part II. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. 1908: Of course the workers must have houses, 1905: A new working day 2 December 1905, Extruded aluminium profiles for LED lighting, International Council on Mining and Metals (ICMM), Letter to stakeholders: Unique position in a new reality, Lifting profitability, driving sustainability. There will be a Q&A session directly after the presentation. In Austria, Verbund operates storage and run-of-river hydro power plants with a total capacity of more than 6,600 MW, has currently 500 MW hydro power plant projects under construction and is planning the realisation of 550 MW more until 2015. We depend on different perspectives to build industries that matter for a more sustainable future. Robust operations in Brazil have been a key lever within the improvement program. Hydro's second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. Work is ongoing to optimize production and discussions have been initiated with customers on first commercial application, says Aasheim. In addition to the climate targets, Hydro has made progress on the ambition to protect biodiversity and reduce its environmental footprint. Factors that could cause these differences include, but are not limited to: our continued ability to reposition and restructure our upstream and downstream businesses; changes in availability and cost of energy and raw materials; global supply and demand for aluminium and aluminium products; world economic growth, including rates of inflation and industrial production; changes in the relative value of currencies and the value of commodity contracts; trends in Hydro's key markets and competition; and legislative, regulatory and political factors. Construction is planned to start in fourth quarter 2022, and operations will commence in fourth quarter 2023. Hydro reached its 2021 improvement target of NOK 5.1 billion already during the third quarter. Furthermore, this acquisition supports Verbunds successful retail and trading activities in Germany. Hydro continues to increase the range of green and sustainable financing products. After completion of the transaction, Hydro will have a sufficient majority of shares to initiate steps to delist Alumetal from the WSE and subsequently fully integrate the Polish aluminium recycling company into . We advise that you investigate in advance if your company has any restrictions using this platform. Total investments in the first-phase plant and preparations for a potential full-scale plant are estimated at be around NOK 2 billion. In addition to the factors described above, Net income from continuing operations included a net foreign exchange gain of NOK 2,379 million, a NOK 1,418 million unrealized gain on power and raw material contracts and a NOK 4,448 million unrealized loss on LME related contracts. Oct 24, 202209:30 PDT. We advise that you investigate in advance if your company has any restrictions using this platform. Trip report for 4 night in (ta && ta.queueForLoad ? If successful, this could significantly reduce the need for residue deposits going forward. Martine Rambl Hagen Norsk Hydro. By 2035 it is expected that more than 50 percent of vehicles sold will be electric, and battery electric vehicles have around 40 percent more aluminium than a typical combustion vehicle. The fuel-switch project underway at Alunorte will make a solid contribution towards our 30 percent emission reduction target by 2030, says Aasheim. The Russian invasion of Ukraine caused the Mykolaiv alumina refinery to shut down and combined with Australia banning bauxite and alumina exports to Russia, has disrupted 3 to 4 million tonnes of global alumina trade flows. In addition hydro power is genuine part of its international growth strategy as well: The group is targeting to acquire hydro concessions in France as part of its joint venture Poweos business plan and the enforcement of its activities in French energy market. Please go to the link in the email message to retrieve your password. May 03, 2022 01:00 ET | Source: Norsk Hydro Hydro's adjusted EBITDA for the first quarter of 2022 was NOK 11,165 million, up from NOK 5,182 million for the same quarter last year,. Our climate strategy is to cut our CO2 emissions 30% by 2030. The agreement represents 90 percent of the expected power production at Boa Sorte (P50) and covers 12 percent of Albras annual power consumption. In Turkey, Verbund is planning and constructing nine hydro power plants with a total capacity of approximately 1,000 MW together with its regional partner Sabanci group. In Batteries, Hydros 50/50 joint venture with Northvolt, Hydrovolt, has ramped up its facility in Norway and is expected to begin recycling batteries by year end. 11,779 followers. Hydro has also strengthened its position in Brazil from a sustainability standpoint during the third quarter. Hydro's adjusted EBITDA for the first quarter of 2022 was NOK 11,165 million, up from NOK 5,182 million for the same quarter last year, resulting in a 12-month rolling Adjusted RoaCE of 23 percent. June 21, 2023 - 3:00 am. We will not release or resell your information to third parties without your permission. Prices in the northern part of the Nordic market were low due to strong hydrology, high wind power production and limited transmission capacity towards the South. Aluminium has a strong place in efforts reducing global carbon emissions in support of the green shift. The German electricity market - providing an annual sales volume of approximately 22,700 GWh - which corresponds to 40 % of the total sales volume of Verbund- is Verbunds main international core market.
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