Norsk Hydro: Accelerating the green aluminium transition
NORSK HYDRO A S ADS (NHYDY)
NASDAQ:AMEX Investor Relations:
hydro.com/en/investor-relations
Company Research
Source: GlobeNewswire
2024 was characterized by increasing geopolitical tensions and unpredictability. Despite challenging market conditions, Hydro is strengthening its position in the market. Hydro is on a solid path executing on its 2030 ambition of pioneering the green aluminium transition, powered by renewable energy. The green transition is progressing and aluminium demand from sectors supporting it remains robust. Realizing the low-carbon circular economy requires bold moves and Hydro is determined to accelerate the green aluminium transition. “We are committed to execute on our strategy. Important milestones driving the green aluminium transition have been reached in all parts of the company in 2024 and we are well positioned to reach our ambitions for 2030,” says Eivind Kallevik, President and CEO of Hydro, in his Letter to Stakeholders in the Integrated Annual Report 2024. Adjusted EBITDA for the full year of 2024 amounted to NOK 26,318 million, compared with NOK 22,258 million in 2023. High
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