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 has published its Annual Report 2024 in European Single Electronic Format (ESEF), which is now available on www.hydro.com. The company has released this information in compliance with the disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act.
Norsk Hydro (NHYDY) reported strong financial performance in 2024, with adjusted EBITDA reaching NOK 26,318 million, up from NOK 22,258 million in 2023. The increase was driven by higher alumina prices, lower raw material costs, and positive currency effects, partially offset by lower extrusions and recycling volumes, and higher fixed costs.
The company achieved a five-year adjusted RoaCE of 12%, exceeding its 10% target, though 2024's figure was 8.5%. Hydro has delivered NOK 10.1 billion from improvement programs since 2018, surpassing its NOK 9.5 billion target. Commercial initiatives generated NOK 2.6 billion in value.
The company plans to distribute NOK 4.5 billion to shareholders for 2024, representing 50% of adjusted net income. Since 2019, Hydro has distributed NOK 35.7 billion to shareholders. The company has already reached its 2025 decarbonization targets and continues to focus on green aluminum transition initiatives.
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.