Norsk Hydro: Bauxite & Alumina record results, partnering for a green transition
Financial Performance: Hydro reported a significant increase in adjusted EBITDA for Q4 2024, reaching NOK 7,701 million, driven by higher alumina prices and positive currency effects, despite challenges such as increased raw material costs and lower Extrusions volumes. The company also achieved its 2025 emission reduction target one year early and proposed a cash dividend of NOK 2.25 per share.
Strategic Initiatives: Hydro is restructuring its Extrusions segment to enhance efficiency amid weak demand, while partnering with Siemens Mobility for sustainable train manufacturing through closed-loop recycling. Additionally, the company is investing in carbon capture technologies alongside Rio Tinto and securing long-term power purchase agreements to support low-carbon aluminium production.
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