Norsk Hydro rises on 'significant' Q1 EBITDA beat

Norsk Hydro ASA

29/04/2026 08:13

** Norsk Hydro NHY.OL rise 3% after the Norwegian aluminum producer reported "significant" beat in Q1 EBITDA, as per J.P. Morgan

** Q1 group EBITDA came in at NOK8.7 billion ($932.12 million), +22% vs company consensus and +24% vs JPM estimates

** The broker expects that 2026 consensus EBITDA could move higher by mid to high single-digit percentage

** "We previously highlighted NHY to be a beneficiary of higher LME aluminum prices and higher Rotterdam premia (up >70% YTD) driven by Middle East disruptions," it says

   ** However, JPM flags Q1 FCF and net debt miss on working capital, and names Q2 guidance on balance mixed

** Up to the previous session's close, shares were up 35.3%​ YTD

($1 = 9.3336 Norwegian crowns)

 (Reporting by Marianna Ciabach-Malinowska)

 ((Marianna.ciabach@thomsonreuters.com))