Norsk Hydro Q1 Adjusted EBITDA Better Than Expected, More Than Doubling Over Last Year

• (PLX AI) - Norsk Hydro Q1 adjusted EBITDA NOK 11,165 million vs. estimate NOK 10,388 million.
• • Q1 net income NOK 6,411 million
• • Q1 EBITDA NOK 8,217 million
• • Q1 revenue NOK 46,616 million
• • Higher all-in metal and alumina prices, record high quarterly results from Hydro Energy and Hydro Extrusions, contributed positively to earnings, but were partly offset by higher fixed costs and raw material costs upstream
• • We see strong growth in demand for our low-carbon offerings, Hydro REDUXA and Hydro CIRCAL, CEO says
• • This is strengthening our competitive position in a marketplace where we anticipate that aluminium, and especially greener aluminium, will be in high demand: CEO