Norsk Hydro Asa’s Strong Q3 Driven by Aluminium Prices

Norsk Hydro Asa (GB:0Q11) has released an update.

Norsk Hydro Asa reported a strong financial performance in Q3 2024, with an adjusted EBITDA of NOK 7,367 million, driven by increased aluminium and alumina prices. Despite challenges in the downstream market, the company is enhancing its Extrusions segment’s efficiency and productivity through investments. The partnership with Mercedes-Benz and renewable energy projects underscore Hydro’s commitment to sustainability.

For further insights into GB:0Q11 stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.