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Norsk Hydro ASA (NHYDY) is a global leader in sustainable aluminium production and renewable energy integration. This dedicated news hub provides investors and industry stakeholders with essential updates on the company's operational developments, strategic initiatives, and market positioning.
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Hydro Capital Markets Day 2021 will be held virtually on December 13, 2021, due to Covid-19. The event will feature a detailed agenda, including presentations by CEO Hilde Merete Aasheim and other EVPs, along with a financial update presented by CFO Pål Kildemo.
Participants can register through the provided links, with the registration deadline set for December 8, 2021. Participants can join via a webcast or conference call for the presentations and Q&A sessions.
Hydro invites attendees to its Capital Markets Day on December 13, 2021, at its Oslo headquarters, with an online streaming option available.
The agenda features presentations by President and CEO Hilde Merete Aasheim and various EVPs, including a financial update by CFO Pål Kildemo. The event will include a Q&A session and opportunities for investor meetings.
Registration is required by December 8, 2021, with options to join via video or audio for those attending virtually.
Norsk Hydro ASA reported a strong third-quarter performance with adjusted EBITDA of NOK 7,219 million, up from NOK 3,100 million in the same period last year. This surge was attributed to higher metal and alumina prices, alongside improved production volumes. The aluminium market experienced a deficit, driving up prices. Hydro's net income was NOK 1,127 million, with net debt decreasing to NOK 1.2 billion. The company achieved its 2021 improvement target ahead of schedule and is on track to reach its 2025 strategy goals.
Hydro is set to release its third quarter results for 2021 on October 26, 2021, at 07:00 CET (01:00 AM EST, 06:00 GMT). The quarterly report and presentation slides will be available on www.hydro.com.
A combined analyst and press conference will follow at 08:30 CET at Hydro's headquarters in Oslo, featuring President and CEO Hilde Merete Aasheim and CFO Pål Kildemo. The presentation can also be accessed via webcast. Attendees must register via email.
Hydro will release its third quarter 2021 results on October 26, 2021, at 07:00 CET (01:00 AM EST). The quarterly report and presentation slides will be available on their website simultaneously. An analyst and press conference will be held at Hydro's headquarters in Oslo at 08:30 CET, featuring President and CEO Hilde Merete Aasheim and CFO Pål Kildemo. Attendance requires registration via email. A webcast will also be available for those unable to attend in person, followed by a Q&A session.
Hydro has announced its Capital Markets Day event scheduled for December 13, 2021, in Oslo. The format, physical or virtual, remains undecided due to ongoing Covid-19 uncertainties. Further details, including the formal invitation and agenda, will be provided later. This event will present an opportunity for investors to engage with company leadership.
Norsk Hydro ASA reported a second-quarter 2021 adjusted EBITDA of NOK 6,598 million, a significant rise from NOK 2,794 million year-over-year. This growth is attributed to robust global demand for aluminium, bolstered by improved LME prices and operational efficiencies in its Aluminium Metal and Extrusions divisions, both achieving record results. The company completed the sale of its Rolling business for EUR 1,407 million, enhancing its strategic focus on low-carbon products. Despite rising raw material costs and currency impacts, Hydro maintains a strong cash position with NOK 20.1 billion available.
Hydro will release its second quarter 2021 results on July 23, 2021, at 07:00 CET. The quarterly report and presentation will be available on www.hydro.com. The Executive Vice President and CFO, Pål Kildemo, will host an audio webcast and conference call in English at 08:30 CET the same day. Due to Covid-19, there will be no in-person presentation. Participants can join the call using the provided links or dial-in numbers. The event includes a Q&A session, but questions will only be taken via the conference call.
Hydro is set to release its second quarter results for 2021 on July 23, 2021, at 07:00 CET. The quarterly report and presentation slides will be available on www.hydro.com. A conference call will follow at 08:30 CET, hosted by Chief Financial Officer Pål Kildemo. Due to Covid-19, no in-person event will occur. Participants can join the call through a provided link or dial-in numbers from various countries, with a participant passcode of 525152.
Norsk Hydro ASA has finalized the sale of Hydro Rolling to KPS Capital Partners, with the transaction now closed as of April 29, 2021. The total enterprise value, which includes the recent sale of the Bonn property to Cube Real Estate for EUR 27 million, reaches EUR 1,407 million. This strategic move reflects Hydro's commitment to optimizing its portfolio and enhancing shareholder value.
