Hydro Husnes

Norsk Hydro: 2022 record results, Q4 down on lower prices

Retrieved on: 
Tuesday, February 14, 2023
CRU, CFO, GDP, Recycling, Mergers & Acquisitions, Carbon accounting, Health, European Commission, PCS, Share repurchase, LME, Lifting, Investment, Safety, Zephyr, Wind, Civil service commission, Bauxite, CO2, EBITDA, Norwegian State Educational Loan Fund, Acquisition, Mercedes-Benz, Annual, Sale, Industrialisation, Sunnfjord, USD, Capital market, Partnership, Growth, TRI, Mergers and acquisitions, NOK, PAX, Hydro Husnes, Video game, Cryptocurrency, Renewable energy, Aluminium, Reinsurance, Bank, Extrusion, EU, Energy

Strong results and aluminium margins, lower upstream prices and higher costs

Key Points: 
  • Strong results and aluminium margins, lower upstream prices and higher costs
    Hydro experienced record results for the full year 2022, with an Adjusted EBITDA of NOK 39.7 billion.
  • “Having concluded a strong fourth quarter of 2022, I am very satisfied to see Hydro completing a year of record results both financially and safety wise.
  • Nordic power prices are on average higher in the fourth quarter compared to the same period last year, but declined significantly compared to the third quarter of 2022.
  • Significant price area differences in the Nordic region have continued, however they were considerably lower compared to the third quarter.

Norsk Hydro: Third quarter 2022 - Well positioned in challenging markets

Retrieved on: 
Tuesday, October 25, 2022
Pressure, Hydrology, Risk, Government, Growth, LME, Hydro Husnes, NO2, Progress, Share repurchase, Income, Carbon, Contract, Recycling, NOK, Norwegian State Educational Loan Fund, EVS, Company, Industry, Nature, Shanghai Metals Market, EBITDA, Projection, CO2, Bookkeeping, Video game, Extrusion, Renewable energy, Fossil fuel, Beauty salon, Blow molding, Real estate, Mining, Lithium, Iron ore, Dam, Petroleum, Risk management, Aluminium, Dyeing, Amusement arcade, Medical device, Security (finance), Slovalco

In 2022, Hydro has been steadily

Key Points: 
  • In 2022, Hydro has been steadily
    percent since the end of 2021.
    forecasts for 2022 and 2023.
  • The three-month aluminium price decreased during the third quarter of 2022, as
    export growth in China, led to pressure on prices.
  • Compared to the second quarter, Hydro's adjusted EBITDA decreased from NOK
    11,594 million to NOK 9,721 million in the third quarter 2022.
  • The collateral
    requirements amounted to NOK 1.2 billion at the end of the quarter, mainly
    relating to strategic and operational hedging positions.

Norsk Hydro: Hydro responds to reduced aluminium demand, partially curtails production

Retrieved on: 
Tuesday, September 27, 2022
Investment, Low-head hydro power, Plant, Hydro Husnes, Hydro, Industry, Aluminium, Renewable energy

In response to reduced market demand for aluminium billets in Europe, Hydro has decided to partially curtail aluminium production at Hydro Karmy and Hydro Husnes in Norway.

Key Points: 
  • In response to reduced market demand for aluminium billets in Europe, Hydro has decided to partially curtail aluminium production at Hydro Karmy and Hydro Husnes in Norway.
  • The decision will correspond to an annual production capacity reduction of 110,000-130,000 tonnes of primary aluminium, including production recently taken out for ordinary maintenance and not yet restarted.
  • The decision to partially curtail Hydro Karmy and Hydro Husnes will not affect manning level at the respective plants.
  • The process to curtail production will start shortly and it is expected that Hydro Husnes and Hydro Karmy will reach the new production levels by the end of 2022.

Norsk Hydro: Record results in Q4 and full year 2021

Retrieved on: 
Tuesday, February 22, 2022
Ownership, Carbon, Recycling, Health, Global Child Forum, Income, Omicron, Hydrogen, Norsk Hydro, Partnership, Electricity, Slovalco, COVID-19, Natural gas, Deeside, CO2, BRL, Hydro Husnes, Investment, EBIT, Culture, Sale, APM, Environment, Safety, Financial statement, Hydroelectricity, Transport, Capital market, NOK, Shell, USD, Weather, Corvus Energy, Technology, LME, Biodiversity, Annual report, Contract, EBITDA, Policy, Lithium, Renewable energy, Aluminium, Bank, Nordic

Norsk Hydro ASA posted fourth-quarter 2021 EBITDA of NOK 9,011 million, compared with NOK 3,403 million for the same quarter last year.

Key Points: 
  • Norsk Hydro ASA posted fourth-quarter 2021 EBITDA of NOK 9,011 million, compared with NOK 3,403 million for the same quarter last year.
  • For 2021, higher all-in metal and alumina prices, improved volumes upstream, improved margins and volumes in Hydro Extrusions, and better results from Hydro Energy contributed positively to adjusted EBITDA.
  • On the back of the strong markets, Hydro also delivered NOK 1.5 billion of commercial improvements by the end of 2021.
  • The main driver was the strong aluminium demand and pricing environment, following strong macroeconomic conditions due to the Covid-19 rebound.