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). |