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.
Norsk Hydro ASA has finalized the sale of Hydro Rolling to KPS Capital Partners, with the transaction now closed as of April 29, 2021. The total enterprise value, which includes the recent sale of the Bonn property to Cube Real Estate for EUR 27 million, reaches EUR 1,407 million. This strategic move reflects Hydro's commitment to optimizing its portfolio and enhancing shareholder value.
Norsk Hydro ASA's Corporate Assembly met on May 25, 2021, to approve the remuneration for the Board of Directors for the fiscal year 2021. The proposed remuneration reflects an approximate 3% increase. Key figures include the Chair's compensation rising from 686,000 to 707,000 NOK and Deputy Chair's from 413,000 to 426,000 NOK. Travel compensation for board members living outside Norway will now be 30,000 NOK per meeting attended. This adjustment aligns with the company's commitment to governance and stakeholder engagement.
Norsk Hydro ASA's shares will trade ex-dividend of NOK 1.25 starting today, May 7, 2021. This dividend payment reflects the company's commitment to returning value to its shareholders and may influence investor sentiment positively.
Norsk Hydro ASA conducted its Annual General Meeting virtually on May 6, 2021, due to Covid-19. The meeting adopted all proposals, which included a dividend distribution of NOK 1.25 per share. This dividend is set to be paid on May 19, 2021, to shareholders recorded by May 6 and listed by May 10. The stock will trade ex-dividend starting May 7. Detailed minutes from the meeting are available on the company’s website.
Norsk Hydro ASA has received the necessary approvals to sell its Hydro Rolling business to KPS Capital Partners, as announced on March 5, 2021. The transaction is set to close in Q2 2021, marking a significant step in Hydro's strategic initiatives. This sale is expected to streamline operations and focus on core areas for future growth.
Rune Bjerke, a Board Member of Norsk Hydro ASA, acquired 5,500 shares on April 27, 2021, at a price of NOK 53.85 per share. His total holdings now amount to 20,500 shares. This transaction falls under the disclosure requirements of Section 5-12 of the Norwegian Securities Trading Act.
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.