Svein Richard Brandtzæg

Friendly Aluminium, Alumina Markets Help Strengthen Norsk Hydro’s Q4 Numbers

Friendly Aluminium, Alumina Markets Help Strengthen Norsk Hydro’s Q4 Numbers

Norwegian aluminium firm Norsk Hydro A.S.A. released financial results for the final quarter of 2017 on Friday. The firm’s numbers for the quarter showed marked improvement from the prior quarter thanks in large measure to a price rise in both alumina and...


Norsk Hydro’s Q3 Financials Weighed Down by Rise in Raw Material Costs

Norsk Hydro A.S.A. reported results for the third quarter of 2017 yesterday. The firm’s financial numbers were off for the quarter, while production in key segments was generally level. Net income in the quarter totaled NOK2.2 billion, up 40 percent quarter-on-quarter from last quarter’s total of NOK1.6 billion, and up 95 percent year-on-year from last […]

Norsk Hydro Closes On Purchase of Remaining Interest in Sapa from Orkla

Norsk Hydro A.S.A. announced yesterday that it has completed the acquisition of the remaining shares of Sapa AS, making it the full owner of the firm. The two firms agreed upon an enterprise value for the entirety of Sapa’s operations of NOK27 billion (US$3.37 billion). Adjusted for net debt and normalized working capital, Hydro tendered […]

Hydro Opens New Technological Pilot Operation at Karmøy

Norsk Hydro ASA inaugurated its new aluminium-smelting operation at Karmøy late last week. The company hails the new plant as being the most climate-friendly aluminium operation on Earth. The star-studded event featured an appearance by Norwegian Prime Minister Erna Solberg and a free concert by Alan Walker. “The technology Hydro has developed represents a quantum […]

Aluminium Segment Buoys Norsk Hydro’s Q2 Numbers

Oslo’s Norsk Hydro ASA reported second-quarter results yesterday. Though numbers for the quarter were slightly below expectations, the firm’s aluminium operations exceeded projections for the period. Overall Earnings Mostly Positive Revenue for the quarter totaled NOK24.6 billion, up 7 percent quarter-on-quarter, and up 21 percent year-on-year. Earnings before financial items and tax came to NOK2.95 […]

Norsk Hydro Acquires Remainder of Sapa from Orkla for US$3.2 BN

Norway’s Norsk Hydro ASA announced an agreement yesterday with compatriot Orkla Group to purchase the firm’s 50-percent interest in Oslo’s Sapa AS, making Hydro the full owner of the largest aluminium extrusion-based solutions company in the world. Hydro tendered Orkla NOK27 billion (US$3.2 billion) for the latter’s half of the venture as part of a […]