Hydro reports strong Q3 results driven by record production and high prices
CEO Eivind Kallevik cites operational excellence capturing market upside, building resilience against future downturns as liquid metal output peaks.
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In short: Hydro reported Q3 results below expectations amid Alunorte gas disruptions and Qatar force majeure.
CEO Eivind Kallevik cites operational excellence capturing market upside, building resilience against future downturns as liquid metal output peaks.
Adjusted EBITDA reached NOK 9,089 million. Hydro produced first metal from its HalZero facility and secured new power purchase agreements.
The company achieved record production in Brazil, exceeded financial targets, and inaugurated key automotive and recycling facilities while committing to carbon neutrality by 2020.
The CEO discusses strategic initiatives, including new green aluminum brands, cost programs, and emission reduction targets amidst market challenges.
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