Norsk Hydro: Third quarter 2022 - Well positioned in challenging markets
Retrieved on:
Tuesday, October 25, 2022
Pressure, Hydrology, Risk, Government, Growth, LME, Hydro Husnes, NO2, Progress, Share repurchase, Income, Carbon, Contract, Recycling, NOK, Norwegian State Educational Loan Fund, EVS, Company, Industry, Nature, Shanghai Metals Market, EBITDA, Projection, CO2, Bookkeeping, Video game, Extrusion, Renewable energy, Fossil fuel, Beauty salon, Blow molding, Real estate, Mining, Lithium, Iron ore, Dam, Petroleum, Risk management, Aluminium, Dyeing, Amusement arcade, Medical device, Security (finance), Slovalco
In 2022, Hydro has been steadily
Key Points:
- In 2022, Hydro has been steadily
percent since the end of 2021.
forecasts for 2022 and 2023. - The three-month aluminium price decreased during the third quarter of 2022, as
export growth in China, led to pressure on prices. - Compared to the second quarter, Hydro's adjusted EBITDA decreased from NOK
11,594 million to NOK 9,721 million in the third quarter 2022. - The collateral
requirements amounted to NOK 1.2 billion at the end of the quarter, mainly
relating to strategic and operational hedging positions.