Norsk Hydro ( (NHYDY) ) has released its Q4 earnings. Here is a breakdown of the information Norsk Hydro presented to its investors.
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Norsk Hydro ASA is a Norwegian company specializing in the production of aluminum and related products, operating within the global aluminum industry, with a focus on sustainable and renewable energy solutions.
In its fourth-quarter earnings report for 2024, Norsk Hydro reported a significant increase in adjusted EBITDA, reaching NOK 7,701 million, a substantial rise from NOK 3,737 million in the same quarter of the previous year. The company attributes these results to favorable alumina and aluminum prices, despite facing challenges such as higher raw material costs and lower extrusion volumes.
Key financial highlights show a robust performance with a notable increase in net income to NOK 1,782 million, compared to a loss in the previous year. The Bauxite & Alumina segment achieved record EBITDA due to strong alumina sales prices. Meanwhile, Hydro’s strategic focus on sustainability is evident in their advancements towards a green transition, including partnerships for carbon capture and renewable energy projects.
The company remains optimistic about its growth and decarbonization strategy, despite geopolitical uncertainties. Hydro plans to distribute NOK 4.5 billion in shareholder dividends, maintaining a stable capital structure while continuing to invest in sustainable initiatives.
Looking forward, Norsk Hydro anticipates further progress in its strategic goals, emphasizing resilience and sustainability in its operations as it navigates through potential market fluctuations and aims to deliver long-term value to its shareholders.
