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Norsk Hydro ASA (NHY.OL)

NHY.OL on Oslo Stock Exchange

57.10NOK
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Sapa CEO bought 20,000 Norsk Hydro shares
Tuesday, 26 Sep 2017 06:43am EDT 

Sept 26 (Reuters) - Norsk Hydro Asa :Norsk Hydro: CEO of Sapa purchases shares in Hydro.Current CEO of Sapa and future member of Hydro's corporate management board, Egil Hogna, has on September 26, 2017, purchased 20.000 shares in Hydro at NOK 57.36 per share. New holding is 20.000 shares.  Full Article

Norsk Hydro wins regulatory approval of Sapa takeover
Tuesday, 26 Sep 2017 01:03am EDT 

Sept 26 (Reuters) - Norsk Hydro Asa :Competition authorities have approved the acquisition of Sapa.Acquisition by Hydro of Orkla's <<>> 50% interest in Sapa has received all competition approvals required before closing. Consequently, Hydro and Orkla expect to close transaction on or about october 2, 2017.  Full Article

Norsk Hydro CFO says total maintenance capex of NOK 5.5 bln
Tuesday, 25 Jul 2017 04:05am 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
Tuesday, 25 Jul 2017 01:58am 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
Tuesday, 25 Jul 2017 01:00am 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

REFILE-Back to black? Australian industry prepares for possible summer power cuts

MELBOURNE/SYDNEY, Nov 30 Some of Australia's biggest power users, including mining giant BHP, are taking steps to curb the impact of any repeat of crippling blackouts that hit last summer, worried about a grid that increasingly relies on wind power and old coal-fired plants.