Norway's Norsk Hydro Q1 EBITDA falls, EPS rises

Norsk Hydro ASA

29/04/2026 06:16

Overview

Norway aluminium producer's Q1 adjusted EBITDA fell yr/yr due to lower alumina prices, stronger NOK

Adjusted EPS for Q1 rose to NOK 2.07 from NOK 1.63 last yr

Company secured new long-term renewable power contracts and commissioned HalZero test facility

Outlook

Company says securing long-term renewable power contracts is a key priority for competitiveness

Norsk Hydro says European extrusion demand has stabilized at low levels with some improvement in order bookings

Company says North American extrusion demand remains subdued due to higher tariffs and duties

Result Drivers

UPSTREAM PERFORMANCE - Co said increased alumina and aluminium production, due to improved yield and ramp-up at Norwegian smelters, supported results

RECYCLING MARGINS - Record recycling results, mainly from U.S. operations, driven by higher product premiums and stable scrap prices

EXTRUSIONS MARGINS - Higher margins in U.S. extrusions, combined with lower labor and production costs, partly offset by lower sales volume

Company press release: ID:nGNE29Dvdb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
NOK 2.07
Q1 Adjusted Net Income
NOK 4.06 bln
Q1 Net Income
NOK 4.34 bln
Q1 Adjusted EBITDA
NOK 8.67 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 9 "hold" and 6 "sell" or "strong sell"

The average consensus recommendation for the aluminum peer group is "buy."

Wall Street's median 12-month price target for Norsk Hydro ASA is NOK100.00, about 5.5% below its April 28 closing price of NOK105.80

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)