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 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.
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.