ta.queueForLoad : function(f, g){document.addEventListener('DOMContentLoaded', f);})(function(){ta.trackEventOnPage('postLinkInline', 'impression', 'postLinks-59490338', '');}, 'log_autolink_impression');Munich here: http://micalily.blogspot.com/2014/07/guten-tag-germany.html. +47 92979797 Copyright 2023. Press releases, photos, stories, facts and figures you will find everything you need here. Prices in the northern part of the Nordic market were low due to strong hydrology, high wind power production and limited transmission capacity towards the South. Stockhouse.com is owned by Stockhouse Publishing Ltd. 2019 Stockhouse Publishing Ltd. All rights reserved. And i can recommend you to visit the beer garden during World Cup. In addition, Hydro aims to reforest mined out areas at Paragominas bauxite mine in Brazil at a 1:1 ratio. The investment at The Dalles comes on top of the previously announced recycling investments in 2021 which provide 185,000 tonnes of additional cast-house products, based on an additional intake of 65,000 tonnes of PCS. Halvor.Molland@hydro.com. Successful ramp-up of production at the Alunorte refinery,. June 21, 2023 03:00 ET Sustainability is one of our competitive advantages and a key enabler for successfully delivering on our 2025 strategy. With more than a century of experience in renewable energy, Hydro is one of the top three operators of power production in Norway, and a significant market player in the Nordics and Brazil. The pricing of the loan and the swap is linked to the performance of the Alunorte greenhouse gas emission reduction target. Higher all-in metal and alumina prices, improved margins and volumes from Extrusions and better results from Energy contributed positively to adjusted EBITDA. Training to become a power plant operator, Training at a thermal power plant Mellach, Our apprenticeship workshop and supervision. Executive Vice President and CFO Pl Kildemo will host a webinar in English at 08:30 CEST the same day. Cautionary noteCertain statements included in this announcement contain forward-looking information, including, without limitation, information relating to (a) forecasts, projections and estimates, (b) statements of Hydro management concerning plans, objectives and strategies, such as planned expansions, investments, divestments, curtailments or other projects, (c) targeted production volumes and costs, capacities or rates, start-up costs, cost reductions and profit objectives, (d) various expectations about future developments in Hydro's markets, particularly prices, supply and demand and competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk management, and (i) qualified statements such as "expected", "scheduled", "targeted", "planned", "proposed", "intended" or similar. All rights reserved. This resulted in an adjusted RoaCE of 18 percent over . The Russian invasion of Ukraine has resulted in energy prices continuing at elevated levels in European markets, supported by increased fears of disruption to gas flows. Actual performance may differ significantly from backtested performance. If successful, this could significantly reduce the need for residue deposits going forward. We are a leading aluminium and renewable energy company that has created business opportunities for more than a century by developing products, solutions and industries that address global needs and demands. Global supply-chain shortages continue to impact growth, and Chinas current zero Covid policy is causing short term disruptions. Russia invaded Ukraine on February 24, 2022. First quarter 2023: Robust results, executing on strategy, Please accept marketing cookies to view this content, The power of power - Hydro Energys history, Green and Sustainability-Linked Financing Framework, Invitation to Hydro's second quarter results 2023, Hydros roadmap to zero emission aluminium production, Proposal / request to general meeting of shareholders, Wide MPEs - aluminium profiles for battery cooling, Developing carbon capture and storage technology for aluminium smelters, HalZero zero-emission electrolysis from Hydro, Using personal identification information, Norwegian code of practice for corporate governance, 2013: The world's biggest manufacturer of aluminium extrusions, 1996: Ormen Lange a fortune in the Halten bank, 1987: Cleaning up the dark side of industry, 1966: A unique collaboration between two men with quite different backgrounds, 1950: The metal is magnesium, the car is the Beetle, 1947: rdal: light at the end of a long tunnel, 1939: Holidays at Hydros cabins by the sea and in the mountains, 1930: Cooperation and market shares during the depression, 1919: Research as driving force and inspiration. Working on a story about aluminium? Financial Market Data powered by QuoteMedia. TipRanks is a comprehensive research tool that helps investors make better, data-driven investment decisions. Norsk Hydro The quarterly report, annual report and presentation slides will be available on www.hydro.com at the same time. An email was sent with password retrieval instructions. Our climate strategy is to cut our CO2 emissions 30% by 2030. This is very helpful for any length of time. Adjusted net debt remained largely stable compared to the second quarter, ending the third quarter at NOK 10.5 billion. Tripadvisor staff removed this post because it did not meet Tripadvisor's forum posting guidelines with prohibiting self-promotional advertising or solicitation. There will be a Q&A session directly after the presentation. We advise that you investigate in advance if your company has any restrictions using this platform. Hydro's second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023. The webcast is powered by Livestorm. We want to contribute to creating a fair society and circular economy by producing responsibly, delivering circular solutions, making net-zero aluminium by 2050 or earlier, and producing and using more renewable energy. Reference is made to the stock exchange notice by Norsk Hydro ASA ("Hydro") on May 10, 2023 regarding inter alia the resolution by the annual general meeting of a share capital reduction by cancellation of own shares and by redemption and cancellation of shares held by the Norwegian state.The share capital reduction has now been registered with the Norwegian Register of Business Enterprises . The market prices for caustic soda, fuel oil, coal, pet coke, and pitch continued to increase, which began during the second half of 2020. The aluminium provided by Hydro is industry leading with a low CO2 footprint, covering emissions from mine to metal. The agreement represents 90 percent of the expected power production at Boa Sorte (P50) and covers 12 percent of Albras annual power consumption. The quarterly report and presentation will be . Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. Higher all-in metal and alumina prices and currency contributed positively to adjusted EBITDA. 1908: Of course the workers must have houses, 1905: A new working day 2 December 1905, Extruded aluminium profiles for LED lighting, International Council on Mining and Metals (ICMM), Letter to stakeholders: Unique position in a new reality, Lifting profitability, driving sustainability. Nordic power prices were significantly higher compared to same quarter last year and relatively stable compared to the fourth quarter. Extrusions is a selective growth area for Hydro and aims to achieve a commercial uplift of NOK 1.2 billion by 2025, with automotive being a key contributor. With this transaction Hydro is making an important step in delivering on the 2025 strategic agenda. In general, electric vehicle sales are growing worldwide, with higher aluminium intensity than vehicles with internal combustion engines. The quarterly report and presentation will be available on www.hydro.com at the same time. Furthermore Verbund recently celebrated the groundbreaking ceremony for the construction of a 48 MW run-of-river power plant in Albania. The quarterly report and presentation slides will be available on hydro.com at the same time. To tackle our global challenges, the world needs to produce and consume in new ways. In Turkey, Verbund is planning and constructing nine hydro power plants with a total capacity of approximately 1,000 MW together with its regional partner Sabanci group. GlobeNewswire Jun 30, 2023, 08:50 AM. Hydros top priority remains the health and safety of our people and the communities where we operate. ta.queueForLoad : function(f, g){document.addEventListener('DOMContentLoaded', f);})(function(){ta.trackEventOnPage('postLinkInline', 'impression', 'postLinks-59735139', '');}, 'log_autolink_impression');Munich forum with a link to my trip report, before noticing this here, so here it is again: http://blog.travelpod.com/travel-blog/djh1959/2/tpod.html, http://www.tripadvisor.com/ShowTopic-g187309-i118-k7657265-Munich_trip_report_July_2014-Munich_Upper_Bavaria_Bavaria.html, Trip report - 5 nights in (ta && ta.queueForLoad ? Hydro condemns the Russian invasion of Ukraine and supports sanctions by the European Union and the international community. Portfolio results are unaudited and based on varying investment expiration dates. Backtested performance is developed with the benefit of hindsight and has inherent limitations. The sustainability-linked swap is the first to be executed in the Brazilian market. Please go to the link in the email message to retrieve your password. | Source: Norsk Hydro (OTC: NHYDY) is set to give its latest quarterly earnings report on Tuesday, 2022-10-25. Electrification of the transport sector is a driver for aluminium demand. According to this obligation, E.On has lanced a tendering procedure of 13 run-of-river power plants along the Bavarian part of the river Inn with a total capacity of 312 MW. In addition to the climate targets, Hydro has made progress on the ambition to protect biodiversity and reduce its environmental footprint. The quarterly report and presentation will be available on www . Hydrovolts order book is full for 2022. I thought this was a good idea for all who go to Munich or who are thinking of going to read thru the reports to have an idea of what to do and how people viewed there trips and thus we can come back and write . The quarterly report and presentation will be available on www.hyd. The price was volatile, with a price range between USD 2,808 per mt and USD 3,849 per mt, as the Russian invasion of Ukraine increased the fear of sanctions on Russian producers and significant disruptions to metal flows. Norsk Hydro's Earnings Outlook. The revolving credit facility of USD 1.6 billion was fully available at the end of the quarter. By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically. In April, construction was initiated on the Cassopolis recycling plant in Michigan. Most investors dont have major gainers like TSLA or NVDA on their radar from the start. Work is ongoing to optimize production and discussions have been initiated with customers on first commercial application, says Aasheim. The plant will be the first large-scale production of low-carbon Hydro CIRCAL extrusion ingot in North America. Despite positives, there are. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Aluminium has a strong place in efforts reducing global carbon emissions in support of the green shift. When you choose aluminum from Hydro, it's strong, light, durable and climate efficient, making you part of a smarter and more sustainable future. Hydro's second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. Hydro's second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023. In general, the prices of raw material used in producing alumina and aluminium rose during the quarter. The negative impact of purchasing in the spot market was largely mitigated by a gain from price area differences. We advise that you investigate in advance if your company has any restrictions using this platform. This information is provided for illustrative purposes only. The Russian invasion of Ukraine caused the Mykolaiv alumina refinery to shut down and combined with Australia banning bauxite and alumina exports to Russia, has disrupted 3 to 4 million tonnes of global alumina trade flows. With more than a century of experience in renewable energy, Hydro is one of the top three operators of power production in Norway, and a significant market player in the Nordics and Brazil. Switching from heavy fuel oil to liquid natural gas at Alunorte is expected to reduce CO2 emissions by 600,000 tonnes. Total number of shares: 2,041,208,621. The plant is one of the most technologically advanced battery recycling plants globally and the largest facility in Europe. This transaction fits perfectly with Verbunds long-term development strategy to enforce the Austrian groups position as one of Europes leading hydro power producers. On April 27, 2022, Norsk Hydro ASA signed a USD 1,300 million short-term revolving multi-currency credit facility. A world of opportunities for students, graduates and professionals. The invasion further impacted GDP growth rates, with Europe being the most exposed to the resulting economic and social impact. During the quarter, Precision Tubing announced investment in a new automotive press in Suzhou, to deliver crash management systems and other automotive safety components to the growing e-mobility sector in China. Time deposits are normally available at short notice. Hydro Rein has partnered with Atlas Renewable Energy to develop and build a 435 MW solar project, Boa Sorte, in Minas Gerais, Brazil. Hence, significant price area differences in the Nordic region have continued during the first quarter. In light of the ongoing tragedy in Ukraine, Hydro in Poland has organized group transport to and from the Ukrainian border for those of 400 employees from Ukraine who want to bring their families to Poland. HT Ganzo Dear readers/followers, In my last article, I clarified my thesis on Norsk Hydro ( OTCQX:NHYDY ), believing it to be buyable after falling double digits. Hydro has signed a letter of intent with Brompton, the UK based bicycle company, to deliver low-carbon aluminium that will reduce both the weight and carbon footprint in Brompton's range of iconic folding bicycles. Norsk Hydro ASA posted second-quarter 2021 adjusted EBITDA of NOK 6,598 million, up from NOK 2 ,794 million in the same quarter last year. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. Hydro also has ambitions to double its recycling of post-consumer scrap (PCS) by 2025. Strong performance in Extrusions is the main driver for achieving the target ahead of schedule. The webcast is powered by Livestorm. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Hydro has made important progress on the 2025 strategy during the start of 2022, both strengthening position in low-carbon aluminium and growing in new energy areas. After completion of the transaction, Hydro will have a sufficient majority of shares to initiate steps to delist Alumetal from the WSE and subsequently fully integrate the Polish aluminium recycling company into . Hydro is a leading industrial company committed to a sustainable future. 1908: Of course the workers must have houses, 1905: A new working day 2 December 1905, Smart solutions with small aluminium profiles, Extruded aluminium profiles for LED lighting, North America Extrusion Terms & Conditions, North America Extrusion Non-Disclosure Agreement, North America Environmental Product Declarations, North America REACH - RoHS - Conflict Minerals, North America Transparency In Coverage Data, Three things you should know about sustainable design, International Council on Mining and Metals (ICMM), Letter to stakeholders: Unique position in a new reality, Lifting profitability, driving sustainability. Terms of Service | Privacy Policy, Norsk Hydro: Invitation to Hydro's second quarter results 2023, Saturday, July 01, 2023 11:00 AM | GlobeNewswire via QuoteMedia, Saturday, July 01, 2023 02:43 AM | GlobeNewswire via QuoteMedia, Friday, June 30, 2023 09:46 PM | GlobeNewswire via QuoteMedia, Friday, June 30, 2023 07:00 PM | ACCESSWIRE via QuoteMedia, Friday, June 30, 2023 06:16 PM | GlobeNewswire via QuoteMedia, Friday, June 30, 2023 06:14 PM | ACCESSWIRE via QuoteMedia, Wednesday, June 21, 2023 03:00 AM | GlobeNewswire via QuoteMedia, LAEDC Announces Appointment of Halé Behzadi of Citi Global Wealth as New Board Chair, Bragar Eagel & Squire, P.C. Following the acquisition of Alumetal, Hydro will increase the use of post-consumer aluminium of 150,000 tonnes per year, which together with recently announced recycling projects, will enable Hydro to meet its ambition to double recycling of post-consumer aluminium by 2025, says Aasheim. The ambition to achieve net zero carbon emissions by 2050 or earlier is pursued through three decarbonization paths to reduce the carbon footprint of aluminium to net zero. Hydro's second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023. May 03, 2022 01:00 ET Net income from continuing operations amounted to NOK 6,411 million in the first quarter. Hydro has several initiatives to reduce waste from our processes. We see strong growth in demand for our low-carbon offerings, Hydro REDUXA and Hydro CIRCAL. No assurance can be given that such expectations will prove to have been correct. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. There will be no presentation or press conference at our corporate headquarters. The annual generation totals 1,850 GWh and corresponds to approximately 9 % of the total run-of- river production generated by Verbund. Hydro's underlying EBIT for the first quarter of 2020 was NOK 2,247 million, up from NOK 559 million for the same quarter last year. Norsk Hydro : Hydros first quarter 2023 results May 09, 2023 at 08:38 am Robust results despite volatile markets and weaker demand Balanced aluminium markets and falling raw material prices supporting margins Capturing greener demand growth Strategic growth in Recycling and Extrusions The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. Vianodes range of synthetic graphite products offers unique performance characteristics and are produced with up to 90 percent lower CO2 emissions than today's standard materials. You're all set to receive the Morning Update newsletter. An investment decision for a potential first-phase plant at Herya, Norway, is expected in the first half of 2022. Our purpose is to create a more viable society by developing natural resources into products and solutions in innovative and efficient ways. Hydro's second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023. Hydro's net debt position decreased from NOK 3.6 billion to NOK 1.2 billion at the end of the quarter. Factors that could cause these differences include, but are not limited to: our continued ability to reposition and restructure our upstream and downstream businesses; changes in availability and cost of energy and raw materials; global supply and demand for aluminium and aluminium products; world economic growth, including rates of inflation and industrial production; changes in the relative value of currencies and the value of commodity contracts; trends in Hydro's key markets and competition; and legislative, regulatory and political factors. The webcast is powered by Livestorm. Here was mine. Norsk Hydro ASA posted third-quarter adjusted EBITDA of NOK 7,219 million, compared with NOK 3,100 million for the same quarter last year. 1910: What became of Professor Birkeland? The quarter was dominated by tight markets with strong prices and high volatility. The quarterly report and presentation will be available on www.hydro.com at the same time.. Executive Vice President and CFO Pl Kildemo will host a webinar in English at 08:30 CEST the same day. Executive Vice President and CFO Pl Kildemo will host a webinar in English at 08:30 CEST the same day. Also would be good for reports for Oktoberfest as well. See. Martine Rambl Hagen Once registered, you will receive a separate email confirming your registration. Once registered, you will receive a separate email confirming your registration. No representations and warranties are made as to the reasonableness of the assumptions. Hydro's second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023. I thought this was a good idea for all who go to Munich or who are thinking of going to read thru the reports to have an idea of what to do and how people viewed there trips and thus we can come back and write up a report on how our trip went. Higher all-in metal and alumina prices, in addition. The entire amount is available as a sub-facility swingline to cover short-term liquidity needs. Hydro continued to mature and develop business opportunities in these areas and Hydro Rein reached important milestones towards contract certainty for the first GW of renewable power. Net debt, adjustments to EBITDA, EBIT and net income (loss) are defined and described as part of the alternative performance measures (APM) section in the quarterly report. We depend on different perspectives to build industries that matter for a more sustainable future. The volume is based on 100 percent post-consumer scrap with a footprint <0.5 kg CO2/kg Al. Hydros second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023. We also use them to share usage information with our partners. Stock Price data may be delayed up to 15 minutes. During the first quarter, various key markets have reported their highest inflation rates for the past 20 years. The decrease in net debt was more than offset by an increase in collateral requirements amounting to NOK 6.3 billion at the end of the quarter, mainly relating to strategic and operational hedging positions. This upgrade will allow The Dalles to process an additional 10,000 tonnes of PCS each year and increase overall recycled aluminium output by 27,000 tonnes. The share capital reduction has now been registered with the Norwegian Register of Business Enterprises: Share capital: 2,241,247,065.858. The Russian invasion of Ukraine, slower Chinese growth, global supply-chain shortages, high energy prices, and concerns around inflation continue to add uncertainty in the first quarter of 2022. Demonstrating our capabilities in recycling, Hydro produced the first 130 tonnes of Hydro CIRCAL 100R at the Clervaux plant in Luxembourg. Once registered, you will receive a separate email confirming your registration. Is Investigating Seagate, Chegg, Relmada, and DoubleVerify and Encourages Investors to Contact the Firm, FSIS Recall Release 028-2023 Possible Spoilage, AI/ML Innovations Inc. To join the webinar and ask questions, register your details in the webcast page. Hydros sustainability ambitions are key drivers for future competitive positioning. Average Retirement Savings By Age: Are You Normal? Factors that could cause these differences include, but are not limited to: our continued ability to reposition and restructure our upstream and downstream businesses; changes in availability and cost of energy and raw materials; global supply and demand for aluminium and aluminium products; world economic growth, including rates of inflation and industrial production; changes in the relative value of currencies and the value of commodity contracts; trends in Hydro's key markets and competition; and legislative, regulatory and political factors. Hydro's underlying EBIT for the fourth quarter of 2020 was NOK 1,449 million, up from NOK 560 million in the same quarter last year. Net cash provided by operating activities excluding changes in short-term and long-term collateral and excluding purchases of money market funds amounted to NOK 3.2 billion. From college towns to capitals of cool, these cities are some of the best places to visit in Germany. No assurance can be given that such expectations will prove to have been correct. There will be no presentation or press conference at our corporate headquarters. 11,779 followers. Demand for our low-carbon aluminium offerings continues to increase, while we also are taking strong measures to reduce our own emissions. http://www.tripadvisor.com/ShowTopic-g187309-i118-k7317701-Trip_Report_to_Munich_in_1_Day-Munich_Upper_Bavaria_Bavaria.html, http://www.tripadvisor.com/ShowTopic-g187309-i118-k6593340-Munich_Trip_Report-Munich_Upper_Bavaria_Bavaria.html, http://www.tripadvisor.com/ShowTopic-g187309-i118-k7077438-Trip_report-Munich_Upper_Bavaria_Bavaria.html, http://www.tripadvisor.com/ShowTopic-g187309-i118-k6810372-Munich_Trip_Report-Munich_Upper_Bavaria_Bavaria.html, http://www.tripadvisor.com/ShowTopic-g187309-i118-k6994135-Trip_report_Oktoberfest_2013-Munich_Upper_Bavaria_Bavaria.html, http://www.tripadvisor.com/ShowTopic-g187309-i118-k7225065-Trip_report_a_day_trip_to_Munich_from_Salzburg-Munich_Upper_Bavaria_Bavaria.html, http://www.tripadvisor.com/ShowTopic-g187309-i118-k7091804-Munich_Trip_Report_December_27_January_3-Munich_Upper_Bavaria_Bavaria.html. In addition to the factors described above, Net income from continuing operations included a net foreign exchange loss of NOK 622 million and a NOK 3,005 million unrealized loss on LME-related contracts. Norsk Hydro: Invitation to Hydro's second quarter results 2023 Hydro's second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023. Energy constraints in China and production disruptions in the Atlantic region impacted the global supply of alumina. Time deposits and money market funds are normally available at short notice. The Platts alumina index (PAX) increased throughout the first quarter. Our ambition is lifting profitability and driving sustainability, creating value for all stakeholders. Robust operations in Brazil have been a key lever within the improvement program. Martine.Rambol.Hagen@hydro.com, Media contact: Norsk Hydro The fuel-switch project underway at Alunorte will make a solid contribution towards our 30 percent emission reduction target by 2030, says Aasheim. During the quarter, Hydro has also committed an additional BRL 100 million (NOK ~160 million) in the development of multipurpose social centers for local communities in northern Brazil. In Austria, Verbund operates storage and run-of-river hydro power plants with a total capacity of more than 6,600 MW, has currently 500 MW hydro power plant projects under construction and is planning the realisation of 550 MW more until 2015. A friendly work environment of knowledgeable professionals. Cookies are used to offer you a better browsing experience and to analyze our traffic. Adjustments to EBITDA, EBIT and net income (loss) are defined and described as part of the alternative performance measures (APM) section in the quarterly report. With an additional donation from Hydro, the total amount raised was NOK 10 million. Second quarter 2020 Firm measures, lower costs in challenging markets First quarter 2020 Lower costs lifts result amid significant market uncertainty Fourth quarter 2019 Firm response in weak markets Third quarter 2019 Ramping up production in Brazil, declining market prices Second quarter 2019 Results down on lower realized prices Our purpose is to create more viable societies by developing natural resources into products and solutions in innovative and efficient ways. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. A story shaped by you. Hydro's second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023.
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