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 (NHYDY) has announced its Board of Directors' proposal for a cash dividend of NOK 2.25 per share for the financial year 2024. The dividend proposal will be presented for approval at the General Meeting on May 9, 2025. Key dates for shareholders include: last day including dividend rights on May 9, 2025; ex-dividend date on May 12, 2025; record date on May 13, 2025; and payment date on May 20, 2025.
Norsk Hydro reported strong Q4 2024 results with adjusted EBITDA of NOK 7,701 million, up from NOK 3,737 million year-over-year. The increase was driven by higher alumina and aluminum prices, and positive currency effects, partially offset by higher raw material costs and lower volumes.
The company achieved record results in Bauxite & Alumina with NOK 5 billion in adjusted EBITDA, driven by the Platts Alumina Index reaching an all-time high of USD 805 per tonne. Hydro generated NOK 1.7 billion in free cash flow and achieved its 2025 emission reduction target of 10% one year ahead of schedule.
The Board proposed a cash dividend of NOK 2.25 per share, representing 50% of adjusted net income. The company is implementing restructuring in Hydro Extrusions, reducing personnel by over 900 employees and investing NOK 350 million to manage weak demand and improve efficiency.
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.