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 ASA reports recurring developments across its aluminium and alumina operations, including production trends, raw-material and metal-price effects, recycling margins, power sourcing for Norwegian smelters, and updates tied to assets such as Alunorte and the HalZero test facility. Company news also covers quarterly results, dividends, annual general meeting resolutions, board elections, remuneration policies, long-term incentive share allocations, employee share programs, and primary-insider transactions.
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.
Hydro is enhancing its position in low-carbon aluminium and expanding in new energy, outlining growth targets and sustainability ambitions at its Capital Markets Day 2022. Key highlights include a projected 20% annual demand growth for low-carbon aluminium, plans to increase recycling capacity to 620-770kt by 2027, and a target for a 30% reduction in Scope 3 emissions by 2030. Hydro aims to distribute 50-70% of adjusted net income for 2022 to shareholders. The company is also pursuing strategic partnerships and innovative technologies to achieve net-zero emissions by 2050.
Norsk Hydro has released its Annual Report for 2021, which is available in the European Single Electronic Format (ESEF) on its website since November 17, 2022. The report is also published through the Oslo Stock Exchange as mandated by regulatory requirements. For inquiries, interested parties can contact Line Haugetraa at +4741406376 or via email at line.haugetraa@hydro.com. This report adheres to disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act.
Norsk Hydro invites stakeholders to its Capital Markets Day on December 15-16, 2022, in London, with virtual attendance options available. The event includes presentations, Q&A sessions, and roundtable discussions focusing on topics such as recycling, sustainability, and energy. Attendees can register until November 30 and are encouraged to secure their spots early due to limited seating. One-on-one meetings will also be organized with senior management, including the CEO and CFO. The event aims to enhance investor engagement and outline Hydro's strategic direction.