The aluminium and hydro power company Norsk Hydro is doing better than expected, despite all uncertainty on the global market.
Norsk Hydro reports an adjusted operating result for the second quarter this year of 5.3 billion Norwegian kronor. This can be compared to 3.4 billion kronor a year earlier.
The average forecast was a profit increase to 4.8 billion, according to a compilation of forecasts made by Bloomberg.
Revenue during the quarter increased 4 percent to 53.1 billion Norwegian kronor.
CEO Eivind Kallevik says in a comment in the report that the capital investment plans for 2025 have been reduced by 1.5 billion Norwegian kronor and that the group has also introduced a hiring freeze for salaried employees – pending the outcome of an analysis of staffing needs.
