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 (NHYDY) is a global leader in sustainable aluminium production and renewable energy integration. This dedicated news hub provides investors and industry stakeholders with essential updates on the company's operational developments, strategic initiatives, and market positioning.
Access curated press releases and analysis covering Hydro's core activities: low-carbon aluminium production, recycling innovations, and decarbonization partnerships. Our repository includes earnings announcements, sustainability progress reports, and operational updates from Hydro's vertically integrated value chain.
Key content categories feature strategic investments in renewable energy systems, advancements in post-consumer aluminium recycling, and operational efficiency improvements. Stay informed about Hydro's initiatives in battery material recovery and energy-efficient smelting technologies through verified primary sources.
Bookmark this page for direct access to NHYDY's official communications and third-party analysis of their market position in green aluminium solutions. Regularly updated content ensures you maintain current awareness of Hydro's progress in sustainable industrial practices.
Norsk Hydro ASA reported a strong first-quarter underlying EBITDA of NOK 5,182 million, a significant increase from NOK 3,810 million year-over-year. The growth is attributed to higher demand for renewable energy and aluminum products, with record results in Hydro Energy and Hydro Extrusions. Despite challenges from higher raw material costs and negative currency effects, the company anticipates a largely balanced primary aluminum market for 2021. Hydro is also advancing its strategic goals, including a fuel-switch project at Alunorte and exploring hydrogen initiatives for future growth.
Hydro will release its first quarter results for 2021 on April 27, 2021, at 07:00 CEST. An audio webcast and conference call will follow at 08:30 CEST, hosted by CEO Hilde Merete Aasheim and CFO Pål Kildemo. Due to Covid-19, there will be no in-person presentation. Participants can join the conference call using a 'Click to Join' link or dial-in with various international numbers. A Q&A session will be conducted after the presentation. Further details can be found on www.hydro.com.
Hydro will release its first quarter results for 2021 on April 27, 2021, at 07:00 CEST (01:00 EDT). The quarterly report and presentation will be available at www.hydro.com. A conference call with President & CEO Hilde Merete Aasheim and EVP & CFO Pål Kildemo will follow at 08:30 CEST, featuring an audio webcast and a Q&A session. Due to COVID-19, there will be no in-person presentation. Participants can join via a “Click to Join” link or dial-in numbers provided in the release.
The Annual General Meeting of Norsk Hydro ASA is scheduled for Thursday, 6 May 2021, at 10:00 (CEST). This will be a digital meeting with electronic voting due to Covid-19 precautions. Participants can vote in advance or attend via proxy. Detailed information on the agenda and relevant documents is available at www.hydro.com/generalmeeting. Interested investors can contact Line Haugetraa for further inquiries. This announcement complies with the Norwegian Securities Trading Act's disclosure requirements.
Hydro is exploring the development of hydrogen facilities to meet both internal and external demand, leveraging its expertise in renewable power.
The company aims to reduce industrial CO2 emissions and establish a sustainable hydrogen business. By 2025, Hydro plans to strengthen its position in low-carbon aluminum while exploring growth in recycling and new energy.
Hydro's strategy includes a shift from gas to hydrogen in various aluminum plants, potentially reducing CO2 emissions by 30% by 2030.
Further details will be revealed during the first-quarter results presentation on April 27.
Hydro emerged stronger from the pandemic in 2020, achieving NOK 4.2 billion in savings, half of its NOK 8.5 billion goal for 2025. The company announced the sale of its Rolling business to KPS Capital Partners, enhancing its profitability and sustainability strategy. Significant innovations include the Karmøy Technology Pilot, cutting energy consumption and emissions. Hydro also aims to lead in low-carbon aluminium and expand into recycling and renewable energy. The annual reports detail operational and financial performance, complying with Norwegian statutory requirements.
KPS Capital Partners has signed a definitive agreement to acquire the global aluminum rolling business from Norsk Hydro ASA for €1.38 billion (approximately $1.67 billion). The transaction is expected to close in mid-2021, pending customary approvals. The acquired company, a leading manufacturer of aluminum rolled products, operates seven manufacturing facilities and one R&D center across Germany and Norway, employing around 5,000 individuals. KPS aims to drive growth through innovation and investment in technology, leveraging its extensive experience in the metals and automotive sectors.
The company will hold a presentation by President & CEO Hilde Merete Aasheim at 09:00 CET today, March 5, focusing on a significant transaction. Participants can join via an audio webcast with a Q&A session following the presentation.
Norsk Hydro ASA has signed an agreement to sell its Rolling business to KPS Capital Partners for EUR 1,380 million, aiming to enhance profitability and sustainability. The deal includes seven plants, an R&D center, and about 5,000 employees. The sale is expected to strengthen Hydro's balance sheet and enhance its focus on low-carbon aluminium. In 2020, Hydro Rolling generated NOK 24 billion in revenue, contributing 17% to total revenues and 9% to Underlying EBITDA. The transaction is subject to regulatory approvals and is anticipated to close in the second half of 2021.
Cynthia Kukielski Spousal Trust, associated with Norsk Hydro board member Peter Kukielski, bought 3,000 American Depositary Receipts (ADRs) of Norsk Hydro on February 16, 2021. The purchases included 1,000 ADRs at USD 5.01 each and 2,000 ADRs at USD 5.02 each. This transaction occurred on the OTCQX market. The trust's new holding totals 3,000 ADRs. The information complies with Section 5-12 of the Norwegian Securities Trading Act.
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