Norsk Hydro A S Stock Price, News & Analysis

Norsk Hydro (NHYDY) has announced the release schedule for its fourth quarter 2024 results and annual report 2024. The Q4 results will be released on February 14, 2025, at 07:00 CET, while the annual report will follow at 08:00 CET.

President and CEO Eivind Kallevik and CFO Trond Olaf Christophersen will host an English webinar at 08:30 CET, including a Q&A session. The quarterly report, presentation slides, and annual report will be available on hydro.com. Interested parties must register through the webcast page to participate in the webinar.

Norsk Hydro has announced the release schedule for its fourth quarter 2024 results and annual report. The Q4 2024 results will be published on February 14, 2025, at 07:00 CET, followed by the annual report at 08:00 CET. Both documents will be available on hydro.com.

President and CEO Eivind Kallevik and CFO Trond Olaf Christophersen will host an English webinar at 08:30 CET, including a Q&A session. The event will be conducted entirely online through Livestorm platform, with no physical presentation or press conference scheduled.

Norsk Hydro ASA has successfully issued EUR 500 million of senior unsecured green bonds under its Euro Medium Term Note (EMTN) Programme. The new bond features a 7-year tenor and a fixed annual coupon of 3.625% with a 3.649% reoffer yield.

The proceeds will be allocated to eligible projects defined in Hydro's Green and Sustainability-Linked Financing Framework, supporting the company's strategy to accelerate the green aluminium transition. The bonds will be listed on the Irish Stock Exchange (Euronext Dublin), with Citi, Danske Bank, ING, J.P. Morgan and SEB serving as Joint Lead Managers for the transaction.

Hydro has announced the acquisition of the remaining shares in battery recycling company Hydrovolt from Northvolt for NOK 78 million, increasing its ownership from 72% to 100%. Originally established in 2020 as a 50/50 joint venture between Hydro and Northvolt, Hydrovolt specializes in recycling EV and industrial batteries, creating circular solutions by recovering secondary raw materials, including black mass for battery production and aluminium for recycling.

Since the second half of 2024, Hydro has been solely financing Hydrovolt's operations and is actively seeking new partnerships to secure long-term financing and growth. The company maintains confidence in Hydrovolt's potential to become a leading European battery recycling player. The transaction is expected to close by the end of Q1 2025, subject to conditions including approval from relevant courts under Northvolt's Chapter 11 process.

Norsk Hydro has completed its 2024-2025 share buyback program's market portion, announced on September 10, 2024. The program totals 30,526,862 shares, with 20,067,969 shares repurchased from the open market at a weighted average price of NOK 65.52. The remaining 10,458,893 shares will be purchased from the Norwegian Ministry of Trade, Industry and Fisheries, maintaining their 34.26% ownership stake.

The repurchased shares will be cancelled following approval at the May 2025 Annual General Meeting. While market-purchased shares had immediate cash effect, the state's pro rata shares will be paid during the capital reduction in mid-2025. Following these transactions, Norsk Hydro now owns 34,150,474 shares, representing 1.70% of its share capital.

Norsk Hydro ASA has provided an update on its share buyback program, which was announced on September 11, 2024, and is scheduled to end on February 28, 2025. Recent transactions include purchases of 269,000 shares at NOK 62.84 on December 27, 524,298 shares at NOK 62.49 on December 30, and 100,000 shares at NOK 63.71 on January 2, 2025.

The company has accumulated 18,318,885 shares under this program to date, with total transaction value reaching NOK 1,204,511,682. Prior to the program, Norsk Hydro owned 14,082,505 shares. Following these transactions, the company now holds 32,401,390 shares, representing 1.61% of its total share capital.

Norsk Hydro ASA has provided an update on its share buyback program announced on September 11, 2024, set to run until February 28, 2025. Between December 18-24, 2024, the company purchased approximately 2.22 million shares at prices ranging from NOK 61.95 to 63.73 per share. The total accumulated transactions under the program to date amount to 17.42 million shares at an average price of NOK 65.911, representing a total investment of NOK 1.15 billion. Following these transactions, Norsk Hydro now owns 31.51 million shares, equivalent to 1.57% of its share capital.

Norsk Hydro ASA has provided an update on its share buyback program, which runs from September 11, 2024, to February 28, 2025. Between December 11-17, 2024, the company purchased 2,525,000 shares at prices ranging from NOK 63.92 to NOK 65.94 per share. The total transaction value for this period was approximately NOK 164.2 million.

Including previous transactions, the company has accumulated 15,204,235 shares under the program at a weighted average price of NOK 66.38, totaling NOK 1.009 billion. Combined with previously owned shares, Norsk Hydro now holds 29,286,740 shares, representing 1.46% of its share capital.

Norsk Hydro ASA has provided an update on its share buyback program, which runs from September 11, 2024, to February 28, 2025. Between December 4-10, 2024, the company purchased a total of 1,334,921 shares at prices ranging from NOK 66.96 to NOK 69.12. The accumulated volume under the program to date is 12,679,235 shares at an average price of NOK 66.65, totaling NOK 845,084,634. Following these transactions, Norsk Hydro owns 26,761,740 shares, representing 1.33% of its share capital.