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 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.
Norsk Hydro ASA announced its share buyback transactions from September 23, 2022, to March 29, 2023. The program involved the acquisition of 6,895,000 shares at an average price of 64.51 NOK, totaling approximately 444.78 million NOK. Prior to the buyback, Norsk Hydro held 16,452,403 shares and following the transactions, it now owns 23,347,403 shares, representing 1.13% of its share capital. This buyback reflects the company's commitment to enhancing shareholder value and confidence in its financial position.
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Norsk Hydro ASA is hosting a Capital Markets Day on December 15-16, 2022, in London, with options for virtual participation. The event will feature presentations, Q&A sessions, and roundtable discussions on topics such as recycling, energy, and sustainability. Key attendees include President and CEO Hilde Merete Aasheim and CFO Pål Kildemo, who will be available for one-on-one meetings with investors. Registration is required by November 30. The event aims to strengthen investor relations and provide insights into Hydro’s strategic direction.
Norsk Hydro ASA has completed its share buyback program initiated on September 23, 2022, and concluded on March 29, 2023. During this period, the company repurchased a total of 4,083,000 shares, resulting in a total transaction value of NOK 247,464,736 at an average price of NOK 60.61 per share. Following these transactions, Norsk Hydro ASA now holds 20,535,403 shares, equivalent to 0.99% of its share capital. This buyback program aligns with the company’s commitment to enhancing shareholder value.
On October 27, 2022, Peter Kukielski, a director at Norsk Hydro ASA, acquired 5,000 American Depositary Receipts (ADRs) at USD 6.55 each. This transaction increased his total holdings to 8,000 ADRs. The purchase occurred on the OTCQX market, indicating Kukielski's confidence in the company's future performance. Such insider buying can often signal positive sentiment about the company’s prospects.
In Q3 2022, Hydro reported an adjusted EBITDA of NOK 9,721 million, up from NOK 7,219 million year-over-year, achieving a rolling Adjusted RoaCE of 27%. Contributing factors included higher metal and alumina prices and currency effects, although these were partially offset by rising upstream costs. Hydro's strategy appears robust with a focus on greener aluminum products, distributing an extra NOK 1.45 per share dividend, and initiating a NOK 2 billion share buyback program. However, concerns remain about high energy prices and market uncertainty due to global economic factors.
Hydro is set to announce its third quarter 2022 results on October 25, 2022, at 07:00 CEST. The quarterly report and presentation slides will be accessible on hydro.com.
In Oslo, Hydro will host an in-person presentation at 08:30 CEST, led by President and CEO Hilde Merete Aasheim. A virtual Q&A session will follow at 11:00 CEST. Registration for both events is required via provided links.