Third quarter 2021 Report
2 | Third quarter 2021 | Hydro |
Hydro | Third quarter 2021 | 3 |
Third | Third | Change | Second | Change | First 9 | First 9 | ||
Key financial information | quarter | quarter | prior year | quarter | prior | months | months | Year |
NOK million, except per share data | 2021 | 2020 | quarter | 2021 | quarter | 2021 | 2020 | 2020 |
Revenue | 36,710 | 27,516 | 33 % | 34,559 | 6 % | 103,221 | 84,468 | 114,291 |
Earnings before financial items, tax, depreciation and | 4,610 | 3,651 | 26 % | 4,899 | (6) % | 13,588 | 9,790 | 18,390 |
amortization (EBITDA) | ||||||||
Adjustments to EBITDA1) | 2,608 | (551) | >100 % | 1,698 | 54 % | 5,410 | (86) | (5,284) |
Adjusted EBITDA1) | 7,219 | 3,100 | >100 % | 6,598 | 9 % | 18,998 | 9,704 | 13,106 |
Adjusted EBITDA : | ||||||||
Hydro Bauxite & Alumina | 1,055 | 578 | 83 % | 855 | 23 % | 2,909 | 3,229 | 3,817 |
Hydro Aluminium Metal | 4,263 | 404 | >100 % | 2,807 | 52 % | 8,824 | 2,161 | 3,593 |
Hydro Metal Markets | 170 | 233 | (27) % | 335 | (49) % | 583 | 588 | 875 |
Hydro Extrusions | 1,457 | 1,412 | 3 % | 1,830 | (20) % | 5,031 | 3,304 | 4,348 |
Hydro Energy | 465 | 200 | >100 % | 761 | (39) % | 2,067 | 827 | 1,245 |
Other and eliminations | (192) | 272 | >(100) % | 10 | >(100) % | (416) | (405) | (771) |
Adjusted EBITDA :1) | 7,219 | 3,100 | >100 % | 6,598 | 9 % | 18,998 | 9,704 | 13,106 |
Earnings before financial items and tax (EBIT)2) | 2,533 | 1,893 | 34 % | 3,034 | (17) % | 7,801 | 2,533 | 9,356 |
Adjusted EBIT1) | 5,309 | 1,419 | >100 % | 4,891 | 9 % | 13,759 | 4,363 | 6,040 |
Net income (loss) from continuing operations | 1,127 | (111) | >100 % | 2,397 | (53) % | 5,405 | (3,340) | 3,886 |
Adjusted net income (loss) from continuing operations1) | 3,498 | 607 | >100 % | 3,150 | 11 % | 9,095 | 1,759 | 2,848 |
Net income (loss) from discontinued operations3) | (19) | (111) | 83 % | 407 | >(100) % | 8 | (377) | (2,226) |
Earnings per share from continuing operations | 0.50 | (0.05) | >100 % | 1.06 | (53) % | 2.45 | (1.42) | 1.99 |
Adjusted earnings per share from continuing operations1) | 1.60 | 0.28 | >100 % | 1.45 | 10 % | 4.20 | 0.84 | 1.32 |
Financial data: | ||||||||
Investments1) 2) | 1,957 | 1,396 | 40 % | 1,689 | 16 % | 4,916 | 4,171 | 13,324 |
Net cash (debt)1) | (1,221) | (9,866) | 88 % | (3,574) | 66 % | (1,221) | (9,866) | (7,795) |
Adjusted net cash (debt)1) | (10,520) | (26,463) | 60 % | (10,231) | (3) % | (10,520) | (26,463) | (23,297) |
Third | Third | Change | Second | Change | First 9 | First 9 | ||
quarter | quarter | prior year | quarter | prior | months | months | Year | |
Key Operational information | 2021 | 2020 | quarter | 2021 | quarter | 2021 | 2020 | 2020 |
Bauxite production (kmt)4) | 2,756 | 1,167 | >100 % | 2,660 | 4 % | 8,230 | 6,084 | 8,640 |
Alumina production (kmt) | 1,579 | 1,074 | 47 % | 1,586 | - | 4,705 | 4,047 | 5,457 |
Realized alumina price (USD/mt)5) | 302 | 260 | 16 % | 289 | 5 % | 295 | 267 | 268 |
Primary aluminium production (kmt) | 573 | 522 | 10 % | 561 | 2 % | 1,673 | 1,559 | 2,091 |
Realized aluminium price LME (USD/mt) | 2,419 | 1,596 | 52 % | 2,210 | 9 % | 2,204 | 1,649 | 1,685 |
Realized USD/NOK exchange rate | 8.64 | 9.22 | (6) % | 8.38 | 3 % | 8.52 | 9.52 | 9.42 |
Hydro Extrusions sales volumes to external market (kmt) | 315 | 278 | 13 % | 342 | (8) % | 995 | 807 | 1,099 |
Power production (GWh) | 1,688 | 3,161 | (47) % | 2,374 | (29) % | 6,919 | 8,126 | 11,522 |
- Alternative performance measures (APMs) are described in the corresponding section in the back of the report.
- EBITDA and investments per segment are specified in Note 2: Operating segment information.
- Net income (loss) from discontinued operations includes results from Hydro's Rolling business up to divestment on June 1 and all prior periods.
- Paragominas production on wet basis.
- Weighted average of own production and third party contracts. The majority of the alumina is sold linked to the alumina index with a one month delay.
4 | Third quarter 2021 | Hydro |
Hydro | Third quarter 2021 | 5 |
Attachments
- Original document
- Permalink
Disclaimer
Norsk Hydro ASA published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 07:55:02 UTC.