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Norsk Hydro ASA (NHY.OL)

NHY.OL on Oslo Stock Exchange

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24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

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

Norsk Hydro reports larger than expected 2016 cost cuts, dividends
Thursday, 9 Feb 2017 01:14am EST 

Norsk Hydro Asa : q4 underlying ebit nok 1,829 million (reuters poll nok 1.80 billion) . repeats global demand for primary aluminium to grow 3-5 percent in 2017, says global market largely balanced . proposes 2016 dividend nok 1.25 per share (Reuters poll nok 1.06) . We have made better-than-expected progress in our better improvement efforts, delivering 1.4 billion nok in improvements in 2016 . These efforts will continue with full force in 2017, making hydro's operations more robust across value chain and company well positioned for a better, bigger and greener future . For 2016, nok 1.4 billion of annual improvements was delivered, exceeding 1.1 billion target . Proposed payment represents a 40% percent pay-out ratio of reported net income for year reflecting hydro's operational performance for 2016 and strong financial position . Hydro's board of directors has revised company's dividend policy to reflect ambition to pay a stable or increasing dividend. Hydro's policy is in long term to pay out, on average, 40 percent of reported net income as dividend over cycle .Norsk hydro q4 underlying net result nok 968 million (Reuters poll nok 1.01 billion).  Full Article

Norway's Norsk Hydro reports spilling of diesel
Friday, 25 Nov 2016 09:00am EST 

Aluminium maker Norsk Hydro Asa said in a statement on Friday: Reports spill of diesel into the ocean at its Aardal facility . Spill caused during removal of a diesel tank . Leak was about 2,400 litres but it remains unclear how much of this reached the ocean Further company coverage: [NHY.OL] ((terje.solsvik@thomsonreuters.com;)).  Full Article

Orkla CEO sees Sapa exit within 5 years, will raise dividend unless acquisitions done
Tuesday, 6 Sep 2016 09:00am EDT 

: Orkla CEO Peter Ruzicka says highly likely that the company won't own stake in aluminium components maker Sapa, a joint venture owned 50/50 by Orkla and Norsk Hydro, five years from now . Orkla CEO says will look at further potential acquisitions, will raise dividend unless acquisition targets are found . Orkla CEO says China is an interesting market, also U.S. . Orkla CEO says will not invest more in Russia . Orkla CEO says to pay at least nok 2.50 per share in dividend in the years from 2016 to 2018 . Orkla CEO says branded consumer goods division should alone be able to support a dividend of at least of NOK 2.50 crowns per share Further company coverage: [ORK.OL] (Reporting By Joachim Dagenborg, editing by Ole Petter Skonnord) ((olepetter.skonnord@thomsonreuters.com;)).  Full Article

Norway's Telenor appoints new CFO
Tuesday, 2 Aug 2016 01:00am EDT 

Telenor : Joergen Arentz Rostrup appointed new chief financial officer . Rostrup comes from position as president of Yara North America and is also a former CFO of Norsk Hydro .Acting CFO Morten Karlsen Soerby, will continue until Rostrup commences position. He will then assume a new role as chief transformation officer.  Full Article

BRIEF-Norsk Hydro Q2 results above forecast
Thursday, 21 Jul 2016 01:01am EDT 

Corrects comparisons figures.: Norsk Hydro Q2 underlying EBIT NOK 1,618 million (Reuters poll NOK 1.42 billion) vs NOK 2,667 mln in Q2 2015 (not NOK 1,501 mln) . Norsk Hydro Q2 revenue NOK 20,391 million (Reuters poll NOK 20.17 billion) vs 22,436 mln in Q2 2015 (not NOK 20,138 mln) .Norsk Hydro Q2 underlying net result NOK 1,126 million (Reuters poll nok 894 million) vs nok 1,830 mln in Q2 2015 (not NOK 822 mln).  Full Article

BRIEF-Alu producer Norsk Hydro lifts demand outlook, q2 results above forecast
Thursday, 21 Jul 2016 01:01am EDT 

Corrects comparisons figures.Norsk Hydro says in Q2 report: Norsk Hydro asa says we expect a largely balanced aluminium market for full year . Norsk Hydro asa says we are on track to reach total improvements of nok 2.9 billion in 2019 . Norsk Hydro asa says, for extruded products, a continued moderate market growth is expected in Europe, while certain market segments in north America show indications of flattening out . Norsk Hydro: Expects Global Demand For Primary Aluminium (Incl China) to grow 5% percent in 2016 versus earlier view of 3-4 percent . Higher than-expected activity in China means that we now see primary aluminium demand in China alone to grow by 5-7 percent in 2016 . Norsk hydro asa says demand growth is expected to increase in the third quarter of 2016 mainly due to higher demand in automotive . Norsk Hydro Q2 underlying EBIT NOK 1,618 million (Reuters poll NOK 1.42 billion) vs NOK 2,667 mln in Q2 2015 (not NOK 1,501 mln) . Norsk Hydro Q2 revenue NOK 20,391 million (Reuters poll NOK 20.17 billion) vs 22,436 mln in Q2 2015 (not NOK 20,138 mln) .Norsk Hydro Q2 underlying net result NOK 1,126 million (Reuters poll nok 894 million) vs nok 1,830 mln in Q2 2015 (not NOK 822 mln).  Full Article

Norsk Hydro says completes sale of Heroeya industrial park
Friday, 24 Jun 2016 02:02am EDT 

Norsk Hydro Asa : Norsk hydro: sale of Heroeya industrial park completed .Transaction gives Hydro a book gain of approximately nok 350 million with accounting effect from june 1.  Full Article

Norsk Hydro renews metal sales agreement with Sapa
Tuesday, 7 Jun 2016 02:00am EDT 

Norsk Hydro Asa : Says renews metal sales agreement with Sapa joint venture . Says agreement covers extrusion ingot in Europe, and replaces the existing contract, which was entered into at the closing of the Sapa Joint venture in 2013, and expires by the end of 2016 .Hydro and Orkla each owns 50 percent of Sapa.  Full Article

Norsk Hydro ASA wins tax appeal
Friday, 15 Apr 2016 12:19am EDT 

Norsk Hydro ASA:Has won a tax appeal, which means that company will receive a tax reimbursement and interest of a total of around 700 million crowns.The decision will result in a tax reimbursement of approximately NOK 600 million, and approximately NOK 100 million in interest. The amounts will be included in the financial statements for Q1 2016 and are expected to be received in Q2 2016.  Full Article

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