Norsk Hydro: Second quarter 2022 - Record results and shareholder distribution, uncertain markets
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Friday, July 22, 2022
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Compared to the first quarter, Hydros adjusted EBITDA increased from NOK 11,165 million to NOK 11,594 million in the second quarter 2022.
Key Points:
- Compared to the first quarter, Hydros adjusted EBITDA increased from NOK 11,165 million to NOK 11,594 million in the second quarter 2022.
- The war in Ukraine has affected second quarter growth and 2022 forecasts, with Europe being the most exposed to the resulting economic and social impact.
- Nordic power prices increased significantly compared to the same quarter last year and are relatively stable compared to the previous quarter.
- In the second quarter of 2022, sales were 89 percent higher year on year, supporting Hydros ambition to double sales of greener products by 2025.