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Norsk Hydro ASA (NHY.OL)

NHY.OL on Oslo Stock Exchange

51.10NOK
25 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Norsk Hydro CFO says total maintenance capex of NOK 5.5 bln
4:05am EDT 

July 25 (Reuters) - NORSK HYDRO ::NORSK HYDRO CFO EIVIND KALLEVIK TELLS REUTERS EXPECTS ANNUAL MAINTENANCE CAPEX OF AROUND NOK 1.5 BILLION IN SAPA, NOK 4 BILLION IN REST OF HYDRO.  Full Article

Norsk Hydro: 55 pct of aluminium production priced at about $1,900 in Q3
1:58am EDT 

July 25 (Reuters) - Aluminium maker Norsk Hydro Asa : :Norsk hydro - 55 percent of primary production for q3 priced at about $1,900 per mt (including Qatalum volumes) vs realized LME price of $1,902 per mt in Q2.Norsk hydro on Qatalum: limited effect from imposed sanctions on Qatar.Norsk hydro: on its unit rolled products, part of negative operational effects to continue into q3.  Full Article

Norsk Hydro underlying EBIT near forecast, repeats outlook
1:00am EDT 

July 25 (Reuters) - Aluminum producer Norsk Hydro Asa : :Norsk hydro q2 revenue nok 24,591 million (reuters poll nok 24.41 billion) vs nok 20,391 mln in q2 2016.Norsk hydro q2 underlying ebit nok 2,930 million (reuters poll nok 3.0 billion) vs nok 1,618 mln in q2 2016.Norsk hydro q2 underlying net result nok 2,214 million (Reuters poll nok 1.85 billion) vs nok 1,126 mln in q2 2016.Improvement in results mainly driven by higher aluminium prices and favourable currency developments.Lower realized alumina prices and increased raw material costs had a negative impact on results.Norsk hydro repeats global demand for primary aluminium to grow 4-6 percent in 2017.Global market largely balanced.We see a global primary aluminium deficit in quarter, driven by increasing deficit outside china.Better improvement program on track for 2017 target of nok 500 million despite slightly behind plan, and the 2019 target of NOK 2.9 billion.Karmøy technology pilot on time and budget, expected start-up q4 2017.  Full Article

Aluminium firm Sapa sees rising Q2 EBIT yr/yr
Friday, 14 Jul 2017 01:13am EDT 

July 14 (Reuters) - NORSK HYDRO ASA ::SAPA UNDERLYING EBIT NOK 914 MILLION IN Q2 VERSUS NOK 804 MILLION.INCREASE IN SAPA WAS DRIVEN BY A HIGHER SHARE OF VALUE-ADD BUSINESS AND INTERNAL IMPROVEMENTS FOR ALL BUSINESS AREAS.  Full Article

Hydro to raise equivalent of NOK 6-8 billion in bond market
Monday, 10 Jul 2017 04:07am EDT 

July 10 (Reuters) - Norsk Hydro's CFO Eivind Kallevik told reporters::Norsk Hydro plans to raise equivalent of NOK 6-8 billion ($720.46 million-$960.61 million) in bond market in USD and NOK after Sapa deal.Duration of bonds not yet decided.  Full Article

Norsk Hydro says Qatar aluminium plant faces logistics problem due diplomatic conflict
Tuesday, 6 Jun 2017 02:09am EDT 

June 6 (Reuters) - Norsk Hydro Asa :Qatalum working to solve logistical challenges arising from middle-east tensions.Qatalum aluminium plant is working to solve outbound logistical challenges arising from uncertain situation in middle-east after saudi arabia, uae, bahrain and egypt cut off transportation links.Qatalum is a joint venture between Hydro and Qatar Petroleum, and is producing more than 600,000 tonnes per year of value-added primary aluminum to customers in Asia, Europe and the U.S.  Full Article

Orkla CEO repeats plans to sell its stake in Sapa
Tuesday, 9 May 2017 02:58am EDT 

May 9 (Reuters) - Orkla Asa :Orkla CEO Peter Ruzicka repeats plans to divest from aluminum producer Sapa, but declines to give details on the timing."I will not comment on the timing of our exit from Sapa, except to say that we have been very clear that Sapa is not part of our core business," Ruzicka says during Orkla's Q1 results presentation."We will eventually exit our holding in Sapa, but I cannot give any details about timing or (whether it will be an) IPO, a sale or a dual track process, Ruzicka says.Orkla holds 50 pct stake in Sapa, and Norsk Hydro <<>> has the remaining 50 pct.  Full Article

Hydro CEO says not planning to expand Qatar aluminium plant
Friday, 28 Apr 2017 03:34am EDT 

April 28 (Reuters) - Norsk Hydro Asa Chief Executive Svein Richard Brandtzaeg said on Friday::We are not planning to expand Qatalum aluminium plant as it is now.We see largely a balanced market and we are not planning to increase capacity in the Middle East.  Full Article

Norsk Hydro raises aluminium demand outlook as Q1 result misses forecast
Friday, 28 Apr 2017 01:00am EDT 

April 28 (Reuters) - Norsk Hydro Asa :Q1 underlying ebit nok 2,284 million (reuters poll nok 2.77 billion).Expects global demand for primary aluminium to grow 4-6 percent in 2017 versus earlier view of 3-5 percent.We expect a largely balanced global market.Q1 underlying net result nok 1,580 million (Reuters poll nok 1.82 billion).Q1 revenue nok 23,026 million (reuters poll nok 23.7 billion).Hydro made progress on its "better" improvement program, while slightly behind plan, hydro still expects to reach both year-end target of nok 500 million and 2019 target nok 2.9 billion.  Full Article

Norsk Hydro CEO repeats 3-5 pct growth in aluminium demand in 2017
Friday, 17 Mar 2017 03:28am EDT 

Norsk Hydro Asa : Norsk Hydro CEO repeats 2017 demand for aluminium to grow by a healthy 3-5 percent, Svein Richard Brandtzaeg writes in a letter to shareholders . Norsk hydro asa ceo: After years of improvement efforts motivated by need to adapt to external challenges, we are now starting to take advantage of new opportunities . More and more discover the inherent properties of aluminium . Through innovation and product development we bring new aluminium solutions into new applications . Due to its light weight, formability, durability and endless recyclability, the growth is strikingly broad-based, spanning sectors like transportation, packaging, building & construction as well as electrical applications .In 2017 three important symbols of the new era will be in full operation; the Karmøy Technology Pilot in Norway, the Automotive Line 3 and the UBC recycling line in Germany.  Full Article