Hydro Internet

Notice of Annual General Meeting 2010

2010-03-26T12:33:21+01:00

Notice is hereby given that the Annual General Meeting of Norsk Hydro ASA will be held at the company's head office at Vækerø, Drammensveien 260, 0283 Oslo on Tuesday, 4 May 2010 at 5 p.m.

Annual reporting 2009: Time to lean forward again

2010-03-19T10:23:38+01:00

“We entered last year in a state of deep pessimism - but left it with a sense of sober optimism. The bottom is probably behind us. And while the crisis is temporary, the measures we have implemented to meet the crisis are providing lasting improvements,” Hydro President and CEO Svein Richard Brandtzæg says in the company’s annual reporting, published on Hydro’s internet site www.hydro.com on Friday.

New member of Hydro's Corporate Management Board

Ole Johan Sagafos — 2010-03-16T12:00:06+01:00

Wenche Agerup has been appointed executive vice president and head of Corporate Staffs in Hydro.

First quarter 2010: Results recover on higher aluminium prices and rising demand

2010-04-27T07:42:33+02:00

Hydro had an underlying result before financial items and tax of NOK 688 million in the first quarter 2010, improving significantly from a loss of NOK 651 million in the fourth quarter of 2009, reflecting increased aluminium prices, reduced costs and higher volumes in a seasonally stronger quarter.

Sale of shares to employees

2010-04-23T14:36:55+02:00

Norsk Hydro ASA`s employees have purchased shares under a general arrangement offered to the employees of Norsk Hydro ASA each year.

Primary insiders purchase shares

2010-03-26T13:38:47+01:00

Primary insiders in Norsk Hydro ASA have subscribed for shares under a general arrangement offered to the employees of Hydro each year. All employees in Norway are being offered to purchase shares valued at NOK 10,000 with a 50 percent discount. The offer consists of 486 shares at NOK 20.57 per share.

Hydro divests automotive structures activities

2009-10-27T06:32:13+01:00

Norsk Hydro ASA has today entered into an agreement to divest its automotive structures business to Benteler Automobiltechnik GmbH, the automotive division of the large German industrial enterprise Benteler Group with headquarters in Paderborn, Germany. The agreement represents a solid, long-term industrial solution for Hydro`s automotive structures activities, and is in line with Hydro’s strategy to focus its extruded activities on profiles solutions and building systems.

Grete Faremo leaving Hydro board

Inger Sethov — 2009-10-21T11:17:23+02:00

Grete Faremo, who was named Minister of Defence in the Norwegian government on Tuesday, will resign from the Board of Directors of Norsk Hydro ASA with immediate effect.

Issue of commercial paper

2009-08-10T14:46:34+02:00

Norsk Hydro ASA has issued a NOK 1 billion commercial paper with maturity February 15, 2010, coupon 2.37%, replacing the commercial paper NO0010491194 maturing on August 13, 2009.

Fourth quarter 2009: Upstream results weak, downstream and energy activities improve

2010-02-17T07:35:52+01:00

Hydro had an underlying loss before financial items and tax of NOK 651 million in the fourth quarter of 2009, compared with a loss of NOK 793 million in the previous quarter, firming slightly on higher realized aluminium prices. Hydro reached a major milestone in December with the start-up of the first cell at Qatalum, and production from all 704 cells at the world-leading aluminium plant in Qatar is expected by fourth quarter 2010.

Capital Markets Day 2009: Hydro steps up upstream repositioning efforts

2009-12-02T12:02:41+01:00

Hydro is intensifying efforts to improve its competitive position by launching new cost-reduction measures, following a year of demanding markets and decisive corrective actions. Hydro’s improvement efforts have resulted in positive downstream earnings, while upstream activities remain challenged by the weak aluminium market and a strong Norwegian krone.

Third quarter 2009: Results reflect continued weak markets, volumes rise on restocking

2009-10-27T07:35:44+01:00

Hydro had an underlying loss before financial items and tax of NOK 793 million in the third quarter, compared with a loss of NOK 618 million in the previous quarter, reflecting the frail global economy, low aluminium prices and a weakening US dollar. Downstream results continued to improve, supported by higher volumes and cost saving measures.

Hydro takes over Vale's aluminium business in transforming transaction

2010-05-02T16:18:35+02:00

Norsk Hydro ASA has signed an agreement to take over Vale S.A’s aluminium businesses to form a resource-rich and fully integrated aluminium company, securing Hydro's bauxite supplies in a 100-year perspective.

Hydro releases rights issue prospectus, subscription period commences

2010-06-25T08:06:30+02:00

Norsk Hydro ASA (Hydro) has today published the prospectus in connection with its fully underwritten rights issue, the terms and conditions for which where were announced on June 21, 2010. The prospectus has been reviewed and approved by the Financial Supervisory Authority of Norway.

Rights issue and other proposed resolutions approved by the Extraordinary General Meeting

2010-06-21T11:46:23+02:00

An Extraordinary General Meeting of the shareholders of Norsk Hydro ASA (Hydro) was held today, June 21, 2010, at 09:00 (Oslo time). 743,851,737 shares were represented at the meeting, corresponding to 61.6 percent of the share capital.

View webcast of Hydro's Extraordinary General Meeting

2010-06-20T18:50:25+02:00

An Extraordinary General Meeting in Hydro is being held on Monday morning June 21, 2010. If you cannot attend in person, you can follow a webcast of the proceedings on the internet.

Employee trust exercises subscription rights in Hydro’s rights issue

2010-07-06T15:36:30+02:00

In relation to the ongoing subscription period in the Hydro rights issue Norsk Hydro Employee Trust Ltd, an independent trust established for a stock option purchase program for Hydro’s employees in the United Kingdom, has been allocated 124,117 subscription rights based on its shareholding in Hydro.

Additional primary insider transaction in Hydro’s rights issue

2010-07-06T09:37:07+02:00

In relation to the ongoing subscription period in the Hydro rights issue the following additional primary insider transactions have taken place after June 25, 2010.

Primary insider transactions in Hydro’s rights issue

2010-06-28T08:33:10+02:00

In relation to the ongoing subscription period in the Hydro rights issue, the list below gives an overview of purchases and sales of subscription rights and subscriptions for Hydro shares carried out by primary insiders in Hydro and the primary insiders' related parties on June 25, 2010.

Two new board members in Hydro

Eivind Bull-Hansen — 2010-05-07T11:27:06+02:00

The Corporate Assembly in Norsk Hydro ASA on Friday approved two new members of the company’s Board of Directors, Liv Monica Bargem Stubholt and Eva Persson.

Annual General Meeting approves dividend of NOK 0.50 per share

2010-05-04T23:16:42+02:00

The Annual General Meeting of Norsk Hydro ASA today adopted all the items as proposed on the agenda, including the proposal to distribute a dividend of NOK 0.50 per share. The dividend will be paid on May 18, 2010 to ordinary shareholders listed in the Norwegian Central Securities Depository as of May 7. The share will be traded ex-dividend from May 5.

Closely related party to Executive Vice President purchases shares

2010-05-04T15:40:18+02:00

A closely related party to Executive Vice President Johnny Undeli has on May 4, 2010 purchased 1,000 shares in Hydro at NOK 45.35. Jonny Undeli's new holding, including relatives, is 1,980.

Hydro sets terms for the rights issue

2010-06-21T07:00:05+02:00

The Board of Directors of Norsk Hydro ASA (“Hydro”) has set the proposed terms of its underwritten rights issue originally announced on May 2, 2010. The terms are expected to be resolved by Hydro’s Extraordinary General Meeting today, June 21, 2010 at 09:00 (Oslo time).

Hydro publishes information memorandum on take-over of majority of Vale’s aluminium business

2010-06-02T08:33:15+02:00

Norsk Hydro ASA has today published an information memorandum in connection with Hydro’s takeover of the majority of Vale S.A.’s bauxite, alumina and aluminium business in Brazil referred to as Vale Aluminium.

Notice of Extraordinary General Meeting and indicative timeline for the rights offering

2010-05-28T09:17:22+02:00

Notice is hereby given that an Extraordinary General Meeting of Norsk Hydro ASA will be held at the company's head office at Vækerø, Drammensveien 260, 0283 Oslo on Monday 21 June 2010, at 09:00 CET.

Impairments affect Hydro’s fourth quarter results

2009-01-28T07:59:28+01:00

Norsk Hydro ASA will write down the value of certain fixed assets and inventories by approximately NOK 3.5 billion with effect for its fourth quarter results. The impairments are a result of deteriorating market conditions and high input costs. Hydro continues to implement significant corrective measures to meet the unprecedented market situation with reduced production, lower investments and major cost improvement initiatives.

Hydro changes structure and extends corporate management board

Inger Sethov — 2009-01-20T14:28:08+01:00

Norsk Hydro ASA is extending its corporate management board by the addition of two members, as part of a reorganization designed to secure a more concentrated focus on operations and markets. The changes will come into effect from March 30 2009, when Svein Richard Brandtzæg takes over as President and CEO from Eivind Reiten.

Svein Richard Brandtzæg new chief executive of Hydro

Inger Sethov — 2009-01-12T08:40:54+01:00

Svein Richard Brandtzæg has been named chief executive of Norsk Hydro ASA, following the resignation of Eivind Reiten, effective March 30, 2009. Reiten has informed the Board of Directors that he wishes to step down after nearly eight years heading the company.

Hydro continues production curtailment at Neuss

2009-02-11T17:56:47+01:00

Hydro has decided to continue the production curtailment process at its primary aluminium plant in Neuss, Germany, due to weak market conditions and high energy costs for the smelter.

Issue of commercial paper

2009-02-11T13:17:00+01:00

Norsk Hydro ASA has on February 11 issued a NOK 1 billion commercial paper with maturity August 13, 2009, coupon 4.07%. Arranger is DnB NOR Markets.

Kjetil Ebbesberg to head Metal Markets in Hydro

2009-02-05T08:00:37+01:00

Kjetil Ebbesberg will take on the position as executive vice president for the new Metal Markets business area in Norwegian aluminium and energy company Norsk Hydro ASA, with responsibility for metal sales, recycling, remelting and trading.

Executive Vice President Anne Harris purchases shares

2008-10-24T13:13:06+02:00

Executive Vice President Anne Harris of Norsk Hydro ASA, has on October 24, 2008 purchased 7,500 shares in Hydro at NOK 24.32 per share. New holding is 13.902 shares.

Member of the Board Sten Roar Martinsen purchases shares

2008-10-23T17:30:41+02:00

Member of the Board of Norsk Hydro ASA, Sten Roar Martinsen, has on October 23, 2008 purchased 1,000 shares in Hydro at NOK 26.30 per share. New holding is 1,402 shares.

Executive Vice President Tom Røtjer purchases shares

2008-10-23T11:04:32+02:00

Executive Vice President of Norsk Hydro ASA, Tom Røtjer, has on October 23, 2008 purchased 5,000 shares in Hydro at NOK 26.53 per share. New holding is 16,532 shares.

President and CEO transfers shareholding

2008-11-25T15:18:44+01:00

The President and CEO of Norsk Hydro ASA, Eivind Reiten, has on November 25, 2008 transferred his total shareholding in Hydro, 86,972 shares, to his wholly owned company Mocca Invest AS. The transfer was done at NOK 32.30 per share according to valuation per September 29, 2008.

Chairman of the Board purchases shares

2008-10-28T13:45:03+01:00

Chairman of the Board of Norsk Hydro ASA, Terje Vareberg, has on October 28, 2008 purchased 10,000 shares in Hydro at NOK 24.70 per share. New holding is 10,000 shares.

Member of the Board Finn Jebsen purchases shares

2008-10-24T14:13:35+02:00

Member of the Board of Norsk Hydro ASA, Finn Jebsen, has on October 24, 2008 purchased 10,000 shares in Hydro at NOK 24.20 per share. New holding is 32,545 shares.

Results fall on write-downs, weak markets

2009-02-18T07:37:42+01:00

Hydro's underlying EBIT was NOK 868 million in the fourth quarter, including inventory write-downs of about NOK 700 million. Underlying EBIT amounted to NOK 1,490 million in the third quarter and 1,699 million in the fourth quarter of 2007. Hydro's results for the quarter reflect the ongoing financial crisis, which has led to a dramatic drop in aluminium prices as a result of a sharp fall in global demand.

Annual General Meeting held

2009-05-05T19:44:19+02:00

The Annual General Meeting of Norsk Hydro ASA today adopted all the items as proposed on the agenda, including the proposal to pay no dividend for 2008.

Economic downturn leads to first-quarter losses

2009-04-29T07:31:26+02:00

Hydro had an underlying loss before financial items of NOK 493 million in the first quarter of 2009, down from an underlying EBIT of NOK 868 million in the previous quarter. The results reflect the deepening global economic downturn, with historically low aluminium prices and a further fall in already weak downstream markets.

Sale of shares to employees

2009-04-22T09:40:39+02:00

Norsk Hydro ASA`s employees have purchased shares under a general arrangement offered to the employees of Norsk Hydro ASA each year.

Second quarter 2009: Solid cash flow and cost savings, markets remain weak

2009-07-21T10:41:43+02:00

Hydro had an underlying loss before financial items of NOK 618 million in the second quarter, compared with a NOK 493 million loss in the first quarter, as the weak global economy continued to weigh on historically low aluminium markets. Results in downstream operations improved due to seasonally stronger demand and swift adjustments made early in the downturn.

Capital reduction

2009-07-13T15:21:38+02:00

Norsk Hydro ASA has on July 13, 2009 completed a capital reduction by cancellation of 7,846,738 shares at par value of NOK 1.098 per share, which includes 3,438,738 shares redeemed from the Norwegian State, represented by the Ministry of Trade and Industry. This is in accordance with the resolution passed by the Annual General Meeting on May 5, 2009 related to the share buyback authorization granted by the Annual General Meeting on May 6, 2008.

Close relative of Executive Vice President sells shares

2009-06-10T10:50:54+02:00

A close relative of Executive Vice President Johnny Undeli has on June 10, 2009 sold 2,000 shares in Hydro at NOK 37.35. Jonny Undeli’s new holding, including relatives, is 980.

Rostrup new CFO in Hydro, Sæter new Head of Energy

Inger Sethov — 2009-03-10T08:04:44+01:00

Hydro’s head of Energy, Jørgen C. Arentz Rostrup, will take over as the company’s Chief Financial Officer, effective May 1. Rostrup, 43, will continue as a member of the company’s Corporate Management Board and report to Svein Richard Brandtzæg, who takes over as Hydro President and CEO on March 30.

Hydro signs EUR 750 million revolving credit facility

2009-03-06T15:34:26+01:00

On March 6, 2009, Norsk Hydro ASA signed a EUR 750,000,000 syndicated 3-year revolving credit facility. The facility is for general corporate purposes.

Hydro aims to cut 250-300 positions, reduce costs by NOK 700-800 million

2009-03-05T14:31:19+01:00

As previously announced, Norsk Hydro ASA has initiated a review of staff and support functions with an ambition to be among the best of comparable companies, both in terms of cost and dimension of staff functions. Hydro’s ambition is to reduce annual staff- and administration costs by approximately NOK 700-800 million compared to the 2008 level.

Primary insiders purchase shares

2009-03-30T09:51:02+02:00

Primary insiders in Norsk Hydro ASA have subscribed for shares under a general arrangement offered to the employees of Hydro each year. All employees in Norway are being offered to purchase shares valued at NOK 10,000 with a 25 percent discount. The offer consists of 411 shares at NOK 18.23 per share.

Notice of Annual General Meeting 2009

2009-03-20T14:31:01+01:00

Notice is hereby given that the Annual General Meeting of Norsk Hydro ASA will be held at the company’s head office at Vækerø, Drammensveien 260, 0283 Oslo on Tuesday, 5 May 2009 at 5 p.m.

Annual reporting 2008: Up to the challenge

2009-03-20T10:41:04+01:00

"Record sales and historic high prices for aluminium gave way to a free fall in demand and an aluminium price at the lowest point in decades. We experience how quickly and how deeply everything can change – and how vital it is to act upon what is happening, not what you hope will happen,” Hydro President and CEO Eivind Reiten and Executive Vice President and incoming CEO Svein Richard Brandtzæg say in the company’s annual reporting, published on Hydro’s internet site www.hydro.com on Friday.

Closely related party to board member purchases shares

2011-08-11T18:58:22+02:00

A closely related party to Bente Rathe, Deputy Chairperson of Hydro’s Board of Directors, has on August 11, 2011 purchased 5,000 shares in Hydro at NOK 31.42 per share. Bente Rathe's new shareholding, including closely related parties, is 29,000.

President and CEO purchases shares

2011-08-11T15:31:31+02:00

President and CEO Svein Richard Brandtzæg has on August 11 purchased 5,000 shares in Hydro at NOK 31.00 per share.

Closely related party to Executive Vice President purchases shares

2011-08-09T12:33:51+02:00

A closely related party to Executive Vice President Johnny Undeli has on August 9, 2011 purchased 500 shares in Hydro at NOK 30.00 Jonny Undeli's new holding, including closely related parties, is 12,132.

Hydro’s financial calendar 2011/2012

2011-10-11T14:47:09+02:00

Hydro has updated its financial calendar for 2011 and 2012.

Executive Vice President purchases shares

2011-08-23T12:18:38+02:00

Executive Vice President Wenche Agerup has on August 23, 2011 purchased 10,000 shares in Hydro at NOK 30.23. Wenche Agerup's new shareholding in Hydro, including closely related parties, is 20,637.

Executive vice president and CFO purchases shares

2011-08-19T10:32:37+02:00

Executive Vice President and CFO Jørgen C. Arentz Rostrup on August 19 purchased 5,000 shares in Hydro at NOK 30.00 per share.

New member of Hydro’s board

2011-05-13T11:33:04+02:00

Ove Ellefsen (55) has been elected member of Norsk Hydro ASA`s Board of Directors. Ellefsen, Project Supervisor in Hydro, replaces Jørn B. Lilleby as one of the Board`s three employee representatives.

Primary insiders purchase shares under Long Term Incentive program

2011-05-13T09:12:34+02:00

Following approval by Norsk Hydro ASA’s Annual General Meeting in 2010, the Board of Directors established a Long Term Incentive (LTI) in the form of a remuneration of 30 percent and 25 percent of annual base salary for the President and CEO and the other members of the Corporate Management Board, respectively, in 2010.

Issue of commercial paper

2011-05-09T13:59:38+02:00

Norsk Hydro ASA has on May 9, 2011, issued a NOK 1,000 million commercial paper with maturity August 15, 2011, coupon 2.66% p.a. Arranger is DnB NOR Bank ASA, DnB NOR Markets.

Second quarter 2011: Results rise on higher volumes and prices

2011-07-26T06:59:35+02:00

Hydro had underlying earnings before financial items and tax of NOK 1,906 million in the second quarter, up from NOK 1,448 million in the first quarter. Higher realized alumina and aluminum prices combined with higher volumes supported underlying results for the quarter.

Hydro sells non-strategic stake in Norwegian power producer

2011-07-26T06:59:46+02:00

Norsk Hydro ASA has on July 25, 2011, entered into an agreement to divest its 20.86% non-strategic ownership stake in northern Norwegian power production company SKS Produksjon AS to Salten Kraftsamband AS for a cash consideration of NOK 1 billion for the shares.

Commissioning of power plant further delays Qatalum ramp-up

2011-06-14T08:31:14+02:00

Qatalum, the 50/50 joint venture aluminium plant between Qatar Petroleum and Hydro, is experiencing further delays in reaching full production due to challenges with the commissioning of the power plant’s steam turbines. Qatalum, currently producing at 70 percent capacity, is now expected to reach full production by the end of third quarter 2011.

Third quarter 2011: Improved production performance, higher raw material costs

2011-10-27T06:59:33+02:00

Hydro had underlying earnings before financial items and tax (EBIT) of NOK 1,646 million in the third quarter, down from NOK 1,906 million in the second quarter. The quarter was marked by higher production performance in Bauxite & Alumina, while seasonal declines and higher raw material costs had a negative impact on underlying results. Energy posted record third-quarter results.

Sale of shares to employees

2012-04-30T10:19:10+02:00

Norsk Hydro ASA`s employees have purchased shares under a general arrangement offered to the employees of Norsk Hydro ASA each year.

First quarter 2012: Lower aluminium prices, strong Energy result

2012-04-27T07:03:44+02:00

Hydro's underlying earnings before financial items and tax amounted to NOK 557 million in the first quarter, down from NOK 1,133 million in the previous quarter. Lower realized aluminium prices and continued weak markets, in particular for European extrusion operations, weighed down underlying results. Hydro's Energy business posted solid results along with power production at record levels.

Fourth quarter 2011: Lower sales and prices, solid production performance

2012-02-16T07:03:38+01:00

Hydro's underlying earnings before financial items and tax amounted to NOK 1,133 million in the fourth quarter, down from NOK 1,646 million in the previous quarter. Lower aluminium prices, seasonal decline in demand and weaker markets weighed down underlying results for the quarter.

Primary insiders purchase shares under Long Term Incentive program

2012-05-14T08:31:54+02:00

Following approval by Norsk Hydro ASA's Annual General Meeting in 2010, the Board of Directors established a Long Term Incentive (LTI) in the form of a remuneration of 30 percent and 25 percent of annual base salary for the President and CEO and the other members of the Corporate Management Board.

President and CEO purchases shares

2012-05-09T15:26:45+02:00

President and CEO Svein Richard Brandtzæg has on May 9, 2012 purchased 4,000 shares in Hydro at NOK 24.80.

Annual General Meeting approves dividend of NOK 0.75 per share

2012-05-08T19:22:20+02:00

The Annual General Meeting of Norsk Hydro ASA today adopted all the items as proposed on the agenda, including the proposal to distribute a dividend of NOK 0.75 per share.

Executive Vice President purchases shares

2011-11-24T12:25:12+01:00

Executive Vice President Arvid Moss has on November 24, 2011 purchased 4,000 shares in Hydro at NOK 24.93. Arvid Moss's new shareholding in Hydro, including closely related parties, is 77,457.

Closely related party to Executive Vice President purchases shares

2011-11-24T09:03:57+01:00

A closely related party to Executive Vice President Johnny Undeli has on November 23, 2011 purchased 1000 shares in Hydro at NOK 24.50 Johnny Undeli's new holding, including closely related parties, is 13,132.

President and CEO purchases shares

2011-11-02T08:45:11+01:00

President and CEO Svein Richard Brandtzæg has on November 1, 2011 purchased 5,000 shares in Hydro at NOK 27.50. Svein Richard Brandtzæg's new shareholding in Hydro, including closely related parties, is 62,847.

Hydro's fourth quarter results affected by impairments

2012-02-01T07:02:20+01:00

Norsk Hydro ASA will write down the value of certain fixed assets by approximately NOK 1.3 billion, affecting its fourth-quarter 2011 results. The impairments are a result of a weakening in certain markets and low prices, in combination with raw material and currency pressures. Hydro continues to implement significant corrective measures to address the challenges in the affected businesses.

Hydro curtails production in Kurri Kurri, Australia

Halvor Molland — 2012-01-18T07:03:59+01:00

Norsk Hydro ASA has decided to curtail one of three production lines at its Kurri Kurri aluminium plant in Australia. The decision follows a consultation process with the local employees.

Capital Markets Day 2011: Performance frontrunner

2011-12-01T07:02:00+01:00

With substantial long positions within bauxite and alumina in a resource-constrained world, ambitious cost improvement programs in place throughout the value chain and the highly competitive Qatalum smelter in full operation, Hydro is now positioned as a performance frontrunner within the aluminium industry.

Hydro increases improvement ambition from USD 100 to USD 300 per tonne

2010-09-22T08:32:54+02:00

Hydro’s ambition to improve earnings from its wholly owned smelters by USD 100 per tonne is now being increased to USD 300 per tonne. The measures aim to improve the aluminium smelters’ competitiveness and restore profitability to a sustainable level.

Qatalum restart imminent, full production expected by end-Q1

2010-09-15T14:03:05+02:00

Qatalum is preparing for an imminent restart of primary aluminium production, following a power outage in early August this year. The plant is expected to reach full capacity by the end of the first quarter 2011.

Changes to Hydro's Corporate Management Board

Inger Sethov — 2010-08-18T09:06:17+02:00

Arvid Moss has been appointed executive vice president of Hydro's Energy business area.

Third quarter 2010: Firm cost control in seasonally weak quarter

2010-10-27T07:35:55+02:00

Hydro had underlying earnings before financial items and tax (EBIT) of NOK 965 million in the third quarter, down from NOK 1,110 million in the second quarter. Seasonally lower sales volumes, weaker underlying results for Alumina and Raw Materials and losses for the Qatalum joint venture weighed down underlying results.

Hydro updates expected earnings implications of Qatalum power outage

2010-10-12T13:16:05+02:00

Norsk Hydro ASA’s share of underlying earnings in Qatalum for the third quarter 2010 is expected to be a loss of about NOK 225 million including the effects of lost production and sales, but excluding write-offs of certain fixed assets of about NOK 115 million charged to the third quarter results.

Hydro's financial calendar 2010/2011

2010-09-23T16:00:10+02:00

Hydro has updated its financial calender for 2010 and 2011.

Allocation to primary insiders in the rights issue

2010-07-13T17:55:41+02:00

With reference to the final result of the rights issue in Norsk Hydro ASA announced earlier today, the following primary insiders have been allocated shares at a subscription price of NOK 26.30 in accordance with the procedures and on the terms set out in the prospectus dated June 21, 2010.

Final results of the rights issue

2010-07-13T13:14:43+02:00

Norsk Hydro ASA’s (Hydro) Board of Directors has today approved the final allocation of the shares offered in the rights issue based on the allocation criteria set out in the prospectus dated June 21, 2010. 381,053,600 new shares were offered in the rights issue and have now been allocated. At the end of the subscription period on July 9, 2010, Hydro had received subscriptions for a total of 513,248,736 shares. The rights issue was consequently oversubscribed by 34.7 percent.

Rights issue oversubscribed – preliminary result

2010-07-09T19:55:09+02:00

The subscription period in Norsk Hydro ASA's (Hydro) rights issue expired at 17:30 (Oslo time) on July 9, 2010. Preliminary counting indicates that Hydro has received subscriptions for approximately 513 million new shares at the end of the subscription period. 381,053,600 new shares were offered, and the rights issue has consequently been oversubscribed by approximately 35 percent.

Second quarter 2010: Results rise further on higher aluminium prices and solid sales

2010-07-27T08:24:02+02:00

Hydro had underlying earnings before financial items and tax of NOK 1,110 million in the second quarter, rising from NOK 688 million in the first quarter. Higher realized aluminium prices, continued improvements in alumina operations and higher downstream sales lifted underlying results for the quarter.

Share capital registered

2010-07-16T19:20:13+02:00

Reference is made to the stock exchange notice published by Norsk Hydro ASA (Hydro) on July 13, 2010. The share capital increase related to the rights issue resolved by the Extraordinary General Meeting of Hydro on June 21, 2010, has now been registered with the Norwegian Register of Business Enterprises and the rights issue has hence been completed.

Share capital registered

2010-07-16T19:13:43+02:00

Hydro-Vale aluminium transaction expected to close in first half 2011

2010-12-14T08:02:14+01:00

Norsk Hydro ASA expects to close the planned acquisition of Vale SA’s aluminium assets in the first half 2011, representing a delay from the original plan to close the transaction in the fourth quarter 2010.

Hydro reports preliminary 2010 pro forma financials after Hydro-Vale transaction

2011-04-15T08:00:59+02:00

Norsk Hydro ASA is reporting preliminary unaudited pro forma condensed combined financial information for 2010 after completing the acquisition of Vale S.A.’s aluminium business on February 28, 2011. The preliminary pro forma financials are released to provide further details on the acquired businesses ahead of Hydro’s first quarter results 2011 to be released on April 29.

Notice of Annual General Meeting 2011

2011-04-11T08:05:33+02:00

Notice is hereby given that the Annual General Meeting of Norsk Hydro ASA will be held at the company's head office at Vækerø, Drammensveien 260, 0283 Oslo on Thursday 5 May 2011 at 4 p.m.

Annual reporting 2010: Turning point for a new era

Stian Hasle — 2011-03-18T12:13:59+01:00

Hydro's ambition is to be at the highest level of the world's aluminium industry, President and CEO Svein Richard Brandtzæg states in the company's annual reporting for 2010, published on Hydro's web site on Friday.

Annual General Meeting approves dividend of NOK 0.75 per share

2011-05-05T20:09:02+02:00

The Annual General Meeting of Norsk Hydro ASA today adopted all the items as proposed on the agenda, including the proposal to distribute a dividend of NOK 0.75 per share.

First quarter 2011: Results rise on higher aluminium prices and stronger sales

2011-04-29T06:12:29+02:00

Hydro had underlying earnings before financial items and tax (EBIT) of NOK 1,448 million in the first quarter, up from NOK 588 million in the fourth quarter. Higher realized aluminium prices and premiums, higher volumes and lower operating costs lifted underlying results for the quarter.

Sale of shares to employees

2011-04-19T08:05:20+02:00

Norsk Hydro ASA`s employees have purchased shares under a general arrangement offered to the employees of Norsk Hydro ASA each year.

Hydro-Vale aluminium transaction to be completed today

2011-02-28T13:55:25+01:00

Norsk Hydro ASA (Hydro) expects to complete the takeover of Vale S.A.’s (Vale) aluminium business today, February 28, 2011.

Fourth quarter 2010 affected by lower prices and higher costs, Vale closing on track

2011-02-16T07:30:05+01:00

Hydro had underlying earnings before financial items and tax (EBIT) of NOK 588 million in the fourth quarter, down from NOK 965 million in the third quarter. Lower realized aluminium prices, higher operating costs and seasonally lower sales volumes weakened underlying results.

Capital Markets Day 2010: Shaping the future

2011-01-13T14:49:14+01:00

After an eventful 2010 and the announcement of the biggest transaction in the company’s history, Norsk Hydro ASA is preparing for a new era as a resource-rich and fully integrated aluminium company. A persistent focus on costs and operational performance remains the top priority, as Hydro climbs into a new league in a growing global aluminium industry.

Member of the Board purchases shares

2011-03-17T14:29:24+01:00

Member of the Board of Directors in Norsk Hydro ASA, Bente Rathe including closely related party, has on March 17, 2011 purchased 17,479 shares in Hydro at NOK 42.04 per share. New holding is 24,000 shares.

Member of the Board purchases shares

2011-03-16T20:54:18+01:00

Member of the Board of Directors in Norsk Hydro ASA, Inge K. Hansen, has on March 16, 2011 purchased 12,000 shares in Hydro at NOK 42,17 per share. New holding is 12,000 shares.

Hydro-Vale aluminium transaction completed and share capital registered

2011-02-28T13:54:53+01:00

The share capital increase related to the issue of the consideration shares to Vale Austria Holdings GmbH, a subsidiary of Vale S.A., in connection with Hydro’s take-over of Vale’s aluminium business, has now been registered with the Norwegian Register of Business Enterprises and the share capital increase has hence been completed.