Sweden Herald
Not as bad as feared
Photo: Ole Berg-Rusten NTB/TT
Business

Not as bad as feared for Norsk Hydro as fourth quarter results and the board's proposed dividend are above market expectations

Norsk Hydro, one of the world's largest aluminum producers, reported a sharp drop in profit in the fourth quarter, with declining sales. However, the results and the board's proposed dividend were above market expectations, according to Bloomberg.

Norsk Hydro reports an adjusted operating profit of NOK 2.8 billion for the fourth quarter of last year. This compares with a profit of NOK 5.0 billion in the corresponding quarter of 2024.

Turnover falls 14 percent to NOK 47.2 billion.

Ahead of the Annual General Meeting in May, the board of directors proposes a dividend of SEK 3 per share, which means the owners will receive a total of NOK 5.9 billion.

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Norsk Hydro
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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