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.
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.
Helena Nonka has been appointed as the Executive Vice President for Corporate Development at Hydro, effective April 1. This new role is part of the company's efforts to strengthen its leadership team. Nonka, 45, previously served as the Global Head of New Business for Natural Resources at SGS and has over 20 years of experience in the natural resources industry. She replaces Arvid Moss, who held the position since its inception in 2019. Nonka's extensive background includes senior roles at Rio Tinto, where she was General Manager of Corporate Strategy.
Dividend Announcement: The company has declared a dividend of NOK 1.25 per share, with the payment date set for 19 May 2021. The last day to include the right to the dividend is 06 May 2021, with the ex-date on 07 May 2021 and the record date on 10 May 2021. This declaration is in compliance with the disclosure requirements under the Norwegian Securities Trading Act.
Hydro's underlying EBIT for Q4 2020 reached NOK 1,449 million, significantly up from NOK 560 million the previous year, attributed to improved margins, higher volumes, and decreased raw material costs. Reported EBIT was NOK 6,770 million, with a net income of NOK 7,277 million largely due to a NOK 5.3 billion gain from the Lyse transaction. The company proposed a NOK 1.25 per share dividend for 2020. Hydro's net debt decreased to NOK 7.8 billion, and it aims for significant EBITDA growth through investments in recycling, renewables, and batteries, reflecting a proactive financial strategy.
Hydro will release its fourth quarter 2020 results on February 12, 2021, at 07:00 CET. The quarterly report and presentation slides will be available on www.hydro.com. CFO Pål Kildemo will host an audio webcast and conference call at 08:30 CET, with a Q&A session following. Due to Covid-19, there will be no physical presentation at the corporate headquarters. Participants can join the call using the 'Click to Join' link or by dialing in from various countries, including Norway, the UK, and the USA, with a participant passcode of 402125.
Hydro will release its third quarter results for 2020 on October 23, 2020, at 07:00 CEST. The quarterly report and presentation will be accessible on www.hydro.com. A conference call with CEO Hilde Merete Aasheim and CFO Pål Kildemo will take place at 08:30 CEST, featuring an audio webcast for attendees. Due to Covid-19, there will be no physical press conference. Participants can join the Q&A session via conference call, with dial-in options available for multiple countries. The event will offer insights into the company's financial performance and strategic updates.