Norsk Hydro Reports Q1 2026 Earnings: Adjusted EBITDA at NOK 8.67B, Higher Aluminum Prices Boost Results

Published: Apr 29, 2026 18:06

Save

[SMM Aluminum Express News] Norsk Hydro reported strong Q1 2026 performance, with adjusted EBITDA at NOK 8.67 billion, slightly down year-on-year due to currency and power impacts. Higher aluminum prices and increased alumina and metal sales supported earnings, while weaker alumina prices, a stronger NOK, and lower power production weighed on results. Adjusted EPS rose to NOK 2.07 (from NOK 1.63), though free cash flow was negative NOK 4 billion due to higher working capital tied to elevated metal prices and volumes. Return on capital employed (RoaCE) stood at 10.1%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 mins ago

Trading sentiment is predominantly sluggish, premiums struggle to rise [SMM spot aluminum midday review]

4 mins ago

12 mins ago

Cost Support Still Exists, Demand Difficult to Improve, ADC12 Wait-and-See Sentiment Heats Up [SMM Cast Aluminum Alloy Morning Comment]

[SMM Cast Aluminum Alloy Morning Comment: Cost Support Remains, Demand Hardly Improves, ADC12 Wait-and-See Sentiment Intensifies] Overnight, the aluminum alloy 2609 contract drifted higher in the night session, opening at 23,025 yuan/mt, with a session high of 23,105 yuan/mt, a low of 23,005 yuan/mt, and closing at 23,055 yuan/mt, up 60 yuan/mt, or 0.26%, from the previous settlement.

12 mins ago

[Live] Copper and Aluminum Wire and Cable Market Outlook, Analysis of Reverse Invoicing Tax Policy Situation, and Interpretation of Derivatives Risk Control and AI Computing Power Industry Opportunities

► Interpretation of China's Wire and Cable Market Status and Consumption Trends ► Analysis of Upstream and Downstream Fundamental Changes and Industry Development Trends for Aluminum ► Assessment of 2026 Copper Price and Market Trends ► How Copper and Aluminum Enterprises Use OTC Derivatives to Reduce Costs and Increase Profits ► Supply Chain Empowering Professional Upgrading of the Real Industry ► Recommendations on the Reverse Invoicing Tax Policy Situation and Digital Compliance Solutions for the Recycled Copper and Aluminum Industry ► On the Crest of the Computing Power Wave: New Opportunities for Cable Demand in the AI Era ► Smart IoT: Building a New Perspective on Intelligent Cable Manufacturing ► Application Status and Development Directions of Polymer Materials for Cables Under the New Situation ► Research on Key Technologies for Quality Control of Copper Rod Conductors Used in Cables

12 mins ago