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

NORSK HYDRO ASA

(NHY)
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Norsk Hydro : Hycast wins contract to deliver state-of-the-art technology to Spanish aluminium company Alu Iberica

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09/18/2020 | 07:55am EDT

Hycast is a leading, global supplier of end-to-end aluminium casthouse technology. The company offers fully automated casting lines that minimize risks related to molten aluminium for operators.

Hycast's technology will now be used at Alu Iberica's aluminium plants in Aviles and A Coruña. The plants have previously relied on primary aluminium, but will now use recycled aluminum to make extrusion ingots.

'We are pleased to be part of and contribute to the transformation of these plants, and to accelerate our

own growth in such a competitive international market,' says Ola Furu, Head of Project and Sales in Hycast.

He says the contract is likely to be welcome news for suppliers in Møre and Romsdal, Norway, where Hycast is located. 'More than half of the contract's amount is to be spent on material and services, which opens up for new opportunities for our local and regional suppliers,' says Furu.

Published: September 18, 2020

Disclaimer

Norsk Hydro ASA published this content on 18 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2020 11:54:04 UTC


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Financials
Sales 2020 135 B 14 653 M 14 653 M
Net income 2020 -2 608 M -283 M -283 M
Net Debt 2020 12 018 M 1 305 M 1 305 M
P/E ratio 2020 -20,7x
Yield 2020 4,69%
Capitalization 53 831 M 5 837 M 5 845 M
EV / Sales 2020 0,49x
EV / Sales 2021 0,47x
Nbr of Employees 35 000
Free-Float 64,7%
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Mean consensus HOLD
Number of Analysts 17
Average target price 30,29 NOK
Last Close Price 26,27 NOK
Spread / Highest target 71,7%
Spread / Average Target 15,3%
Spread / Lowest Target -23,9%
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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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