Norsk Hydro: Well positioned in declining markets, low-carbon aluminium gaining ground

Hydro’s adjusted EBITDA for the second quarter of 2023 was NOK 7,098 million, down from NOK 11,594 million for the same quarter last year. This resulted in an adjusted RoaCE of 14 percent over the last twelve months. Results are down on lower aluminium and alumina sales prices as well as lower volumes in Extrusions, partly offset by positive currency effects and lower raw material costs.Martine Rambøl Hagen
+47 91708918
[email protected] Molland
+47 92979797
[email protected]