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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 has reached a settlement regarding its power purchase agreement (PPA) with Markbygden Ett AB as part of the latter's reorganization plan. Hydro is entitled to compensation of up to EUR 248 million for voluntarily terminating the PPA, which was signed in 2017 for 1.65 TWh annual baseload supply during 2021-2039. The wind park ceased power deliveries in February 2023 due to significantly lower-than-expected production levels, resulting in 2.5 TWh of non-delivered power. The compensation is subject to the park's future sale and depends on sale proceeds. Despite this, Hydro's Norwegian smelters maintain robust sourcing through 2030 with 9.4 TWh hydropower production and 10 TWh yearly contracts.
Hydro has announced a reduction in its ownership stake in Vianode, a Norwegian synthetic graphite producer, from 30% to 19.9%. The company canceled a put option with private equity fund Altor and sold 10.1% of its shares. A mutual put/call option for the remaining 19.9% stake will be exercised by February 28, 2025. Hydro will step down from Vianode's Board of Directors and has decided not to provide further capital to support Vianode's growth, instead focusing on its own strategic priorities. The company reports impairments of NOK 956 million related to Vianode investments in Q3, with NOK 581 million impacting reported EBITDA and NOK 375 million affecting Finance expense.
Norsk Hydro reported Q3 2024 adjusted EBITDA of NOK 7,367 million, up from NOK 3,899 million year-over-year, driven by higher aluminium and alumina prices, lower raw material costs, and positive currency effects. The company saw strong upstream results, particularly in Bauxite & Alumina, while downstream markets faced challenges with weak demand and recycling margins in Europe and North America. The three-month aluminium price rose from USD 2,515 to USD 2,612 per tonne during Q3. Hydro's net debt decreased to NOK 14.8 billion, and the company reduced its ownership in Vianode from 30% to 19.9%, resulting in NOK 956 million in impairments.
Norsk Hydro ASA has provided an update on its share buyback program announced on September 11, 2024, which will run until February 28, 2025. From October 16-22, 2024, the company purchased a total of 871,780 shares at prices ranging from NOK 68.47 to 69.69 per share. The accumulated total under the program to date is 5,534,550 shares at an average price of NOK 65.28, with a total transaction value of NOK 361,285,470. Following these transactions, Norsk Hydro now owns 19,617,055 shares, representing 0.98% of its share capital.
Norsk Hydro (NHYDY) has announced the release date for its third quarter results 2024. The results will be published on October 24, 2024, at 07:00 CEST. The quarterly report and presentation will be available on the company's website simultaneously.
A webinar in English will be hosted by President and CEO Eivind Kallevik and Executive Vice President and CFO Trond Olaf Christophersen at 08:30 CEST on the same day. The webinar will include a Q&A session following the presentation. There will be no physical presentation or press conference.
Interested participants can register for the webinar through the webcast page. The webcast will be powered by Livestorm, and attendees are advised to check for any company restrictions regarding the use of this platform.
Norsk Hydro ASA has provided an update on its share buyback program, which was announced on September 11, 2024, and is set to end on February 28, 2025. The company has reported transactions from October 9 to October 15, 2024, with a total of 824,814 shares purchased at an average price of 67.71 NOK per share, amounting to a total transaction value of 55,651,500 NOK.
Including previous transactions, Norsk Hydro has accumulated 4,662,770 shares under this program, with a total value of 301,309,742 NOK at an average price of 64.62 NOK per share. Prior to the buyback, the company owned 14,082,505 own shares. Following these transactions, Norsk Hydro now owns a total of 18,745,275 shares, representing 0.93% 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 set to end on February 28, 2025. From October 2 to October 8, 2024, the company repurchased a total of 1,097,000 shares at a weighted average price of NOK 67.91 per share, for a total transaction value of NOK 74,258,718.
Prior to this program, Norsk Hydro owned 14,082,505 own shares. Following these transactions, the company now owns 17,920,461 shares, representing 0.89% of its share capital. The accumulated total of shares repurchased under the program to date is 3,837,956 at an average price of NOK 64.01, totaling NOK 245,658,243.
Norsk Hydro ASA has provided an update on its share buyback program, which was announced on September 11, 2024, and is set to conclude on February 28, 2025. The company has reported transactions from September 25 to October 1, 2024, with daily volumes ranging from 78,087 to 240,000 shares. The weighted average share prices varied between NOK 65.10 and NOK 68.54 per day.
To date, Norsk Hydro has accumulated 2,740,956 shares under this program, with a total transaction value of NOK 171,399,526. Prior to the buyback, the company owned 14,082,505 own shares. Following these transactions, Norsk Hydro now owns a total of 16,823,461 shares, representing 0.84% of its share capital. Detailed transaction information is available on www.newsweb.no.
Norsk Hydro ASA has provided an update on its share buyback program, which was announced on September 11, 2024, and is set to conclude on February 28, 2025. The company has reported transactions from September 18 to September 24, 2024, detailing the daily volume of shares purchased and their weighted average prices. The total accumulated shares bought to date under this program amount to 1,902,089, with a total transaction value of NOK 114,919,859.
Prior to the buyback program, Norsk Hydro ASA owned 14,082,505 of its own shares. Following the recent transactions, the company now owns a total of 15,984,594 shares, which corresponds to 0.80% of its share capital. This information is being disclosed in compliance with EU Market Abuse Regulation and Norwegian Securities Trading Act requirements.
Norsk Hydro (NHYDY) has announced the release date for its third quarter results 2024. The results will be published on October 24, 2024, at 07:00 CEST. The quarterly report and presentation will be available on the company's website simultaneously.
A webinar in English will be hosted by President and CEO Eivind Kallevik and Executive Vice President and CFO Trond Olaf Christophersen at 08:30 CEST on the same day. The webinar will include a Q&A session following the presentation. To participate and ask questions, interested parties must register through the webcast page.
Norsk Hydro has noted that there will be no physical presentation or press conference for this earnings release. The company advises participants to check for any company restrictions regarding the use of the Livestorm platform, which will power the webcast.
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