AT A GLANCE: Hydro Q4 earnings up 5%; low Al, alumina prices offset positives

A summary of Hydro’s financial results for the fourth quarter of 2019.

In brief
  • Hydro's underlying earnings before interest and taxes (Ebit) was NOK 560 million ($60.43 million) in the fourth quarter, a slight increase from NOK 534 million in the same quarter of last year.
  • Underlying Ebit for 2019 was NOK 3,359 million, down from NOK 9,069 million in 2018.
  • The weaker results reflect lower aluminium and alumina prices, partly offset by the positive effects from increased production in Brazil, lower raw material costs and positive currency effects.
Alumina

Underlying Ebit for bauxite and alumina decreased from NOK 493 million...

Published

Alice Mason

February 07, 2020

11:00 GMT

London