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-0.0191387559808611 -0.0191387559808611 -0.0191387559808611 -0.0191387559808611 -0.0191387559808611 -0.0191387559808611 -0.0255183413078149 -0.0194577352472088
Stock impact report

Norsk Hydro: Resilient in weak markets, positioned for growth

NORSK HYDRO A S ADS (NHYDY) 
NASDAQ:AMEX Investor Relations: hydro.com/en/investor-relations
Company Research Source: GlobeNewswire
Hydro’s adjusted EBITDA for the first quarter of 2024 was NOK 5,411 million, down from NOK 7,525 million for the same quarter last year. Lower aluminium sales prices, Extrusions volumes and recycling margins, and higher fixed costs negatively impacted results, partly offset by lower raw material costs. This resulted in an adjusted RoaCE of 5.6 percent over the last twelve months. Results down on weaker demand and recycling margins, revenue drivers increasingIncreasing recycling and post-consumer scrap capacity, supporting greener product offeringMendubim and Boa Sorte solar plants in commercial operation, securing renewable power for HydroHydro Alunorte starts using natural gas, improving profitability and executing decarbonization roadmapCO2 compensation agreement supporting decarbonization and greener investments Health and safety remain Hydro’s top priority for both employees and the communities where the company operates. The total recordable injury rate (TRI) continues a po Show less Read more
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