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Norsk Hydro ASA (ADR) (PK:NHYDY)

Business Focus: Aluminum

Sector:  Basic Materials Industry:  Aluminum
 
Company Contact
Address: Drammensveien 264
OSLO 0283
Tel: N/A
Website: https://www.hydro.com
IR: See website
Key People
Eivind Kallevik
President, Chief Executive Officer, Member of the Corporate Management Board
Trond Olaf Christophersen
Chief Financial Officer, Executive Vice President - Corporate Development
Anne-Lene Midseim
Executive Vice President - Compliance, IP, General Counsel, Member of the Corporate Management Board
Hilde Vestheim Nordh
Executive Vice President - People & HSE, Member of the Corporate Management Board
Therese Rod Holm
Executive Vice President - Communication & Public Affairs, Member of the Corporate Management Board
John Gabriel Thuestad
Executive Vice President - Hydro Bauxite and Alumina, Member of the Corporate Management Board
Paul Warton
Executive Vice President - Hydro Extrusions, Member of the Corporate Management Board
Hanne Simensen
Executive Vice President of Hydro Aluminium Metal
Kari Ekelund Thorud
Executive Vice President - Hydro Energy
Business Overview
Norsk Hydro ASA is a Norway-based aluminium and energy company. The Company is present throughout the aluminium value chain, from energy to bauxite mining and alumina refining, primary aluminium, aluminium extrusions and aluminium recycling. Its reportable segments are the business areas: Hydro Bauxite & Alumina, activities includes bauxite mining activities, production of alumina and related commercial activities, primarily the sale of alumina; Hydro Aluminium Metal includes primary aluminium production and casting activities; Hydro Metal Markets includes all sales activities relating to products from our primary metal plants and operational responsibility for stand-alone recyclers as well as physical and financial metal trading activities; Hydro Extrusions delivers products within extrusion profiles, building systems and precision tubing; Hydro Energy includes operating and commercial responsibility for Hydro's power stations in Norway, a trading and wholesale business in Brazil.
Financial Overview
For the nine months ended 30 September 2024, Norsk Hydro ASA (ADR) revenues increased 1% to NOK148.58B. Net income decreased 37% to NOK3.88B. Revenues reflect Hydro Bauxite & Alumina segment increase of 54% to NOK24.98B, Hydro Aluminium Metal segment increase of 24% to NOK10.81B. Net income was offset by Foreign currency exchange gain (loss) increase of 57% to NOK3.5B (expense), Employee benefit expense increase of 4% to NOK19.99B (expense).