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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Norsk Hydro ASA    NHY   NO0005052605

NORSK HYDRO ASA

(NHY)
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Delayed Quote. Delayed Oslo Bors - 10/23 10:25:24 am
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Norsk Hydro : First Hydro REDUXA aluminium in rolled products

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09/22/2020 | 10:00am EDT

'This is an important step for Hydro in expanding our low-carbon aluminium offerings. We believe there is demand in the market for these kinds of products across our key segments,' says Einar Glomnes, Executive Vice President for Rolled Products.

DNV GL, an independent classification society, has certified Hydro's entire process chain, down to finished strip and sheet from the rolling mill in Karmøy, Norway, in accordance with the Hydro REDUXA standard. It defines aluminium with CO2 emissions of maximum 4.0 kg per kg aluminium produced. The world average is 16.7 kg CO2 equivalents/kg.

Hydro REDUXA is made using renewable energy from hydropower, wind and solar, thus reducing carbon emissions compared to aluminium made with other energy sources.

The Karmøy rolling mill can deliver coils or tailored sheet, mill-finished or painted, from several alloys, which are most common for building applications. First customer orders have already been placed.

In addition, sheet ingot for rolled products, Hydro REDUXA is available in extrusion ingots, foundry alloys, and wire rod.

Hydro also offers rolled products with Hydro CIRCAL recycled aluminium, which contains a minimum of 75% post-consumer aluminium scrap.

Want to know more about Hydro REDUXA? Explore the benefits of low-carbon aluminium in buildings and consumer products and see video:

Published: September 22, 2020

Contact:
Anders Vindegg

Communication Manager

+47 93864271
Anders.Vindegg@hydro.com

Disclaimer

Norsk Hydro ASA published this content on 22 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 12:59:00 UTC


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Financials
Sales 2020 137 B 14 856 M 14 856 M
Net income 2020 -2 299 M -249 M -249 M
Net Debt 2020 12 067 M 1 309 M 1 309 M
P/E ratio 2020 -22,9x
Yield 2020 4,46%
Capitalization 57 375 M 6 198 M 6 224 M
EV / Sales 2020 0,51x
EV / Sales 2021 0,50x
Nbr of Employees 35 000
Free-Float 64,7%
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Mean consensus HOLD
Number of Analysts 17
Average target price 30,35 NOK
Last Close Price 28,00 NOK
Spread / Highest target 61,1%
Spread / Average Target 8,39%
Spread / Lowest Target -28,6%
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NameTitle
Hilde Merete Aasheim President & Chief Executive Officer
Dag Mejdell Chairman
Pål Kildemo Chief Financial Officer & Executive Vice President
Jo de Vliegher Chief Information Officer
Sten Roar Martinsen Director
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