Norsk Hydro ASA (OSL:NHY) posted strong Q2 results — adjusted EBITDA ~NOK 8.9bn, net income ~NOK 6.0bn and NOK 4.0bn free cash flow on NOK 56.5bn revenue — while keeping Qatalum at ~60% capacity, planning Slovalco’s July 1, 2026 restart under new long‑term terms.
Previous Week Recap
- Norsk Hydro Q2 Revenue, EBITDA, Net Income: Norsk Hydro Q2: adjusted EBITDA NOK 8.9–8.92bn, net income ~NOK 6.0bn, free cash flow NOK 4.0bn. Revenue NOK 56.49bn; Aluminium Metal EBITDA NOK 6.42bn. Capex guidance NOK 13.5bn.
- Qatalum Output At 60% Capacity: Norsk Hydro says Qatalum aluminium output will stay near 60% capacity for now. Management will update ramp‑up plans once conditions stabilize; no timeline provided.
- Slovalco Smelter Restart Planned: Norsk Hydro to restart Slovalco aluminium smelter (75,000 tpa) July 1, 2026 after Hydro and Slovak government agreed on long‑term terms including indirect carbon cost compensation.
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