tiprankstipranks
Norsk Hydro Asa Navigates Market Challenges for Growth
Company Announcements

Norsk Hydro Asa Navigates Market Challenges for Growth

Norsk Hydro Asa (GB:0Q11) has released an update.

Don't Miss our Black Friday Offers:

Norsk Hydro Asa’s adjusted EBITDA decreased in Q2 2024 to NOK 5,839 million, impacted by lower volumes and higher costs, but partly offset by higher alumina prices and reduced raw material costs. The company is responding to weak downstream demand with cost-saving measures and has invested in new technology to meet the demand for low-carbon aluminium products. Strategic partnerships and ventures, particularly in renewable energy and with Porsche for low-carbon aluminium supply, are key to Hydro’s long-term value creation and market positioning.

For further insights into GB:0Q11 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyNorsk Hydro price target raised to NOK 93 from NOK 87 at Barclays
TheFlyNorsk Hydro price target raised to NOK 87 from NOK 84 at JPMorgan
TipRanks European Auto-Generated NewsdeskNorsk Hydro Asa’s Strong Q3 Driven by Aluminium Prices
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App