Welcome to our dedicated page for Norsk Hydro A S news (Ticker: NHYDY), a resource for investors and traders seeking the latest updates and insights on Norsk Hydro A S stock.
NORSK HYDRO A S (NHYDY) generates frequent news flow through its detailed stock exchange announcements, quarterly reports and strategic updates. The company’s news covers its aluminium value chain, energy activities and its stated ambition to pioneer a green aluminium transition powered by renewable energy. Readers of this page can follow how the company responds to uncertain markets, adjusts capital allocation and executes on long-term improvement programs.
Recent news has highlighted performance in business areas such as Bauxite & Alumina, Energy, Aluminium Metal, Metal Markets, Extrusions and Recycling. Updates include adjusted EBITDA developments, free cash flow, net debt movements and return on capital employed, along with commentary on global alumina and aluminium markets, Nordic power prices and regional extrusion demand in Europe and North America.
Company announcements also describe strategic initiatives, including a NOK 6.5 billion improvement program toward 2030, a strategic workforce and cost reduction program targeting approximately 750 white collar positions, and capital expenditure guidance changes to preserve financial flexibility. News items detail the proposed closure of five European extrusion plants, the ramp-up of recycling capacity and the company’s focus on greener products and circular aluminium solutions.
Energy-related news includes the Illvatn pumped storage power plant investment in Norway, long-term power agreements for the Alouette smelter in Québec and the voluntary termination of a Swedish wind power purchase agreement with Cloud Snurran AB. Visitors to this page can review these announcements to understand how NORSK HYDRO A S manages its power portfolio, supports low‑carbon aluminium production and navigates legal, regulatory and market developments over time.
Hydro achieved its best financial results ever in 2022, despite facing a challenging year due to geopolitical tensions, energy crises, and inflation. Adjusted EBITDA reached NOK 39.7 billion, marking a 22.2% return on capital, exceeding the target of 10%. The company effectively implemented an improvement program, surpassing its NOK 7.3 billion savings goal ahead of schedule and raising new targets to NOK 10 billion by 2025. Hydro also announced plans to allocate 62% of its adjusted net income for shareholder returns through dividends and buybacks. With a focus on sustainability, Hydro aims to lead in low-carbon aluminium and green energy solutions, projecting increased demand through 2030.
Norsk Hydro ASA announced the completion of its share buyback program, which ran from September 23, 2022, to March 29, 2023. During this period, the company repurchased a total of 14,115,000 shares at an average price of 70.20 NOK, culminating in a total expenditure of 990,822,027 NOK. Following the buybacks, Norsk Hydro now holds 30,567,403 shares, representing 1.48% of its share capital. This initiative aims to enhance shareholder value and reflects the company's commitment to returning capital to its investors.
Norsk Hydro ASA's Board of Directors has proposed a dividend of NOK 5.65 per share based on the company’s financial statements for the year 2022. The important dates are as follows:
- Last day including right: 10 May 2023
- Ex-date: 11 May 2023
- Record date: 12 May 2023
- Payment date: 23 May 2023
- Date of approval: 10 May 2023
Norsk Hydro reported its Q4 2022 results with an adjusted EBITDA of NOK 7,184 million, a decrease from NOK 9,011 million in Q4 2021. For the full year, adjusted EBITDA rose 42% to NOK 39.7 billion. Key challenges included lower metal and alumina prices and increased raw material costs, although offset by positive currency effects. The company declared a 53% cash dividend and launched a NOK 2 billion share buyback program. Significant progress was reported on its sustainability initiatives and decarbonization goals. Notably, European aluminium demand faces a decline, anticipated to drop 18% in Q1 2023.
Norsk Hydro ASA announced its share buyback program, active from September 23, 2022, to March 29, 2023, significantly increasing its ownership of its own shares. Over this period, the company repurchased a total of 13,494,000 shares at an average price of 69.70 NOK, leading to a total transaction value of approximately 940.5 million NOK. Following these transactions, Norsk Hydro holds 29,946,403 shares, representing 1.45% of its share capital. This move is seen as a strategy to enhance shareholder value and confidence in the company's future.
Norsk Hydro ASA has completed a share buyback program initiated on September 23, 2022, and ending on March 29, 2023. During this period, the company repurchased a total of 12,869,000 shares, at an average price of 69.19 NOK, amounting to a total transaction value of 890,366,038 NOK. Post-buyback, Norsk Hydro ASA now holds 29,321,403 shares, representing 1.42% of its share capital. This strategic move aims to enhance shareholder value and reflects confidence in the company's future.
Norsk Hydro ASA has completed its share buyback program, initially announced on September 23, 2022, and running until March 29, 2023. The program involved the purchase of a total of 12,248,000 shares at an average price of 68.58 NOK, culminating in a total transaction value of 840,027,570 NOK. Prior to this program, the company owned 16,452,403 shares, increasing its holdings to a total of 28,700,403 shares, which represents 1.39% of its share capital. This initiative may enhance shareholder value by potentially improving earnings per share (EPS).
Norsk Hydro ASA announced the completion of its share buyback program, initially announced on September 23, 2022, and concluded on March 29, 2023. Throughout the program, a total of 11,623,000 shares were repurchased at an average price of NOK 67.95, totaling NOK 789,816,729. Following these transactions, Norsk Hydro now holds 28,075,403 shares, representing 1.36% of its share capital. This move is expected to enhance shareholder value by reducing the number of outstanding shares.
Hydro will release its fourth quarter and annual results for 2022 on February 14, 2023, at 07:00 CET. Available reports will include the quarterly and annual findings, alongside presentation slides on their website. An audio webcast and conference call led by CFO Pål Kildemo is scheduled for 08:30 CET on the same day, featuring a Q&A session. Registration for the conference call is required for participants wishing to pose questions. For more information, contact investor relations.
Norsk Hydro ASA has completed its share buyback program, which began on September 23, 2022, and ended on March 29, 2023. During this period, the company repurchased a total of 9,603,000 shares at an average price of 66.77 NOK, amounting to a total transaction value of 641,200,903 NOK. Following these transactions, Norsk Hydro ASA now holds 26,055,403 shares, representing 1.26% of the company’s share capital. This buyback program was executed to enhance shareholder value.