Norsk Hydro Asa’s Strong Q3 Driven by Aluminium Prices
Company Announcements

Norsk Hydro Asa’s Strong Q3 Driven by Aluminium Prices

Norsk Hydro Asa (GB:0Q11) has released an update.

Norsk Hydro Asa reported a strong financial performance in Q3 2024, with an adjusted EBITDA of NOK 7,367 million, driven by increased aluminium and alumina prices. Despite challenges in the downstream market, the company is enhancing its Extrusions segment’s efficiency and productivity through investments. The partnership with Mercedes-Benz and renewable energy projects underscore Hydro’s commitment to sustainability.

For further insights into GB:0Q11 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyNorsk Hydro price target raised to NOK 87 from NOK 84 at JPMorgan
TipRanks European Auto-Generated NewsdeskNorsk Hydro Reduces Stake in Vianode Amid Strategic Shift
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App