Slovalco

Norsk Hydro: Third quarter 2022 - Well positioned in challenging markets

Retrieved on: 
Tuesday, October 25, 2022

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.

Norsk Hydro: Slovalco will stop primary aluminium production

Retrieved on: 
Wednesday, August 17, 2022

Hydros majority owned Slovalco aluminium facility in Slovakia has decided to close the primary aluminium production at the plant.

Key Points: 
  • Hydros majority owned Slovalco aluminium facility in Slovakia has decided to close the primary aluminium production at the plant.
  • The decision to terminate primary aluminium production at Slovalco comes in response to adverse framework conditions and high electricity prices, which show no signs of improvement in the short term.
  • Slovalco is a well run and modern primary aluminium plant, well placed to serve European customers with high quality aluminium products.
  • Slovalco has an annual production capacity of 175,000 tonnes of primary aluminium and a casthouse capacity of approximately 250,000 tonnes.

Norsk Hydro: Record results in Q4 and full year 2021

Retrieved on: 
Tuesday, February 22, 2022

Norsk Hydro ASA posted fourth-quarter 2021 EBITDA of NOK 9,011 million, compared with NOK 3,403 million for the same quarter last year.

Key Points: 
  • Norsk Hydro ASA posted fourth-quarter 2021 EBITDA of NOK 9,011 million, compared with NOK 3,403 million for the same quarter last year.
  • For 2021, higher all-in metal and alumina prices, improved volumes upstream, improved margins and volumes in Hydro Extrusions, and better results from Hydro Energy contributed positively to adjusted EBITDA.
  • On the back of the strong markets, Hydro also delivered NOK 1.5 billion of commercial improvements by the end of 2021.
  • The main driver was the strong aluminium demand and pricing environment, following strong macroeconomic conditions due to the Covid-19 rebound.