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Norsk Hydro ASA (NHY.OL)

NHY.OL on Oslo Stock Exchange

53.70NOK
8 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Arconic Divests Its Latin America Extrusions Business
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Arconic Inc ::ARCONIC DIVESTS ITS LATIN AMERICA EXTRUSIONS BUSINESS.ARCONIC DIVESTS ITS LATIN AMERICA EXTRUSIONS BUSINESS.ARCONIC INC - ‍UNDER TERMS OF AGREEMENT, ARCONIC WILL RECEIVE APPROXIMATELY $10 MILLION IN CASH FOR LAE BUSINESS​.ARCONIC INC - ‍ BUSINESS IS PART OF COMPANY'S TRANSPORTATION AND CONSTRUCTION SOLUTIONS SEGMENT​.ARCONIC INC - DEAL IS EXPECTED TO CLOSE IN FIRST HALF OF 2018.ARCONIC INC - RESTRUCTURING-RELATED CHARGE PRIMARILY RELATES TO NON-CASH IMPAIRMENT OF NET BOOK VALUE OF BUSINESS.ARCONIC INC - ‍ RESTRUCTURING-RELATED CHARGE IS A SPECIAL ITEM AND WILL NOT IMPACT ADJUSTED EARNINGS PER SHARE IN Q4 OF 2017​.ARCONIC - WILL RECOGNIZE RESTRUCTURING-RELATED CHARGE REPRESENTING LOSS ON SALE OF ABOUT $40 MILLION AFTER-TAX, OR $0.08 PER DILUTED SHARE, IN Q4 2017.ARCONIC - POST REGULATORY, ANTI-TRUST REVIEWS, OWNERSHIP OF LATIN AMERICA EXTRUSIONS WILL BE TRANSFERRED TO A UNIT OF HYDRO EXTRUDED SOLUTIONS AS.  Full Article

Norsk Hydro raises improvement target to NOK 3 bln from NOK 2.9 bln
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Norsk Hydro Asa ::‍LONG-TERM SUSTAINING CAPEX GUIDANCE REMAINS BELOW DEPRECIATION EVEN AFTER BEING ADJUSTED TO AROUND NOK 5.5-6.0 BILLION PER YEAR, WITH INCLUSION OF EXTRUDED SOLUTIONS​.‍SHAREHOLDER RETURNS CONTINUE TO BE A HYDRO PRIORITY, WITH A DIVIDEND POLICY OF RETURNING 40 PERCENT OF NET INCOME OVER CYCLE​.‍WE ARE INCREASING OUR OVERALL IMPROVEMENT AMBITION FOR PERIOD 2016-2019 TO NOK 3 BILLION VS EARLIER NOK 2.9 BLN​.‍UPWARDS ADJUSTMENT OF HYDRO'S OVERALL IMPROVEMENT TARGET IS A RESULT OF BAUXITE & ALUMINA LIFTING ITS AMBITION LEVEL BY NOK 300 MILLION WHILE ROLLED PRODUCTS IS LOWERING ITS 2019 TARGET BY NOK 200 MILLION​.‍REMAINS COMMITTED TO ENSURING CAPITAL DISCIPLINE AND A STRONG BALANCE SHEET, AND INCLUSION OF NEW EXTRUDED SOLUTIONS BUSINESS AREA WILL FURTHER STRENGTHEN COMPANY'S CASH FLOW​.‍LONG-TERM OUTLOOK FOR ALUMINIUM AS A LIGHT, STRONG AND INFINITELY RECYCLABLE MATERIAL CONTINUES TO BE POSITIVE, WITH GLOBAL DEMAND GROWTH FOR PRIMARY ALUMINIUM ESTIMATED AT 2-3 PERCENT PER YEAR FOR NEXT 10 YEARS​.‍GLOBAL SEMIS DEMAND GROWTH IS PROJECTED AT 3 PERCENT AND RECYCLING AT 3-4 PERCENT PER YEAR OVER SAME PERIOD​.‍WE SEE GLOBAL ALUMINIUM SUPPLY AND DEMAND FOR 2017 AND 2018 TO BE FAIRLY BALANCED, WITH DEFICIT IN WORLD OUTSIDE CHINA ACCELERATING WHILE CHINA CONTINUES TO BE IN OVERSUPPLY​.‍A MAIN UNCERTAINTY IN THIS SCENARIO RELATES TO WHAT EXTENT CHINA WILL ACT ON ITS STATED INTENTION TO REDUCE OUTPUT OVER WINTER DUE TO ENVIRONMENTAL CONCERNS​.  Full Article

Norsk Hydro sees 2018 supply and demand of aluminium up 4-5 pct
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Norsk Hydro Asa ::ESTIMATES 2018 SUSTAINING CAPEX LEVEL AT NOK 6.8 BILLION, 2019/2020 NOK 6.5-7.0 BILLION.SEES TOTAL 2017 CAPEX INCLUDING GROWTH AT NOK 7.7 BILLION.SEES 2018 GROWTH IN BOTH DEMAND AND SUPPLY IN GLOBAL PRIMARY ALUMINIUM MARKET OF 4-5 PERCENT.  Full Article

Aluminium maker Norsk Hydro in long-term deal for Swedish wind power
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Norsk Hydro Asa :Signs new long-term power contract for norwegian aluminium portfolio.‍annual baseload supply of 1.65 twh in period from beginning of 2021 to end of 2039​.‍long-term power contract with Markbygden Ett AB, a Swedish wind power company​.Markbygden Ett is developing an onshore wind park located west of piteå, in northern of sweden, and is owned by GE <<>> Energy Financial Services and Green Investment Group limited, part of Macquarie Group.wind park is a part of the larger Markbygden wind farm project developed by Svevind which is planned to have 1101 wind turbines and produce around 10 TWh annually when finalized​.‍contract will contribute to supplying power to hydro's aluminium plants after existing long-term power contract with norwegian state utility statkraft expires in 2020​.  Full Article

Norsk Hydro places new bonds of NOK 3 bln and SEK 3 bln​
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Norsk Hydro Asa :successful placement of new bonds.‍norsk hydro asa has successfully issued senior unsecured bond issues in total of nok 3.0 billion and sek 3.0 billion.​.‍as previously announced purpose of bond issues are general corporate purposes and refinancing of debt raised in connection with acquisition of sapa as.​.  Full Article

Norsk Hydro CEO sees tighter aluminium market in 2018
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Norsk Hydro Asa :CEO says the aluminium market could be even tighter in 2018, but largerly balanced.CFO says operational problems in rolled products continued in Q3 and will continue at a certain pace also in Q4.  Full Article

Norsk Hydro Q3 EBIT below forecast, lifts demand outlook to upper end of range
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Norsk Hydro Asa :Norsk hydro q3 underlying ebit nok ‍2,446​ million (reuters poll nok 2.56 billion).Norsk hydro asa: ‍"we have lifted our global demand estimate for 2017 to 5-6 pct, indicating a continued strong demand for aluminium" from previous view of 4-6 pct​.Norsk hydro asa: ‍there is a positive market sentiment for aluminium, mainly driven by curtailments of primary production in china​.Norsk hydro asa: ‍better improvement program on track for 2019 target of nok 2.9 billion, despite 2017 setback​.Norsk hydro asa: ‍karmøy technology pilot on time and budget, expected start-up q4 2017​.Norsk hydro asa: ‍acquisition of sapa completed on october 2, integration progressing according to plan​.Norsk hydro asa: ‍negative result effects from raw material costs and usd depreciation​.Norsk hydro asa: ‍global market expected largely balanced in 2017​.Norsk hydro asa: ‍hydro does not expect to reach year endimprovement target of nok 500 million due to performance challenge in rolled products.Norsk hydro q3 revenue nok 22,799‍​ million (reuters poll nok 23.11 billion).Norsk hydro asa: 55 pct of primary production for q4 priced at usd 2 075 per mt​.Norsk hydro asa: q4 realized premium expected in the range of 225-275 usd/mt.  Full Article

Norsk Hydro appoints banks for potential bond issues
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Norsk Hydro Asa :Fixed income investor meetings and contemplated bond issuance.‍has mandated dnb markets, handelsbanken capital markets and nordea as joint lead managers to arrange a series of fixed income investor meetings in nordics​.‍NOK and SEK denominated senior unsecured fixed and/or floating rate bond issues with tenors in range 2 to 7 years may follow​.‍proceeds from contemplated bond issues will be general corporate purposes and refinancing of debt raised in connection with acquisition of sapa as​.  Full Article

Norsk Hydro warns of Brazil bauxite production shortfall
Monday, 25 Sep 2017 

Sept 25 (Reuters) - Norsk Hydro Asa :Norsk hydro: issues force majeure notice due to production problems at mrn.Issued a notice of force majeure to its bauxite customers as hydro will not receive full contracted volumes from its supplier, MRN (Mineracao Rio do Norte), due to lower production at bauxite mine.MRN, where hydro has a 5% ownership and additional 40% offtake, is experiencing problems with its tailing systems due to lack of water.Lack of water is caused by a very dry period in region.This is expected to reduce production of bauxite from a previously expected level of 17-17.5 million mt to around 15-15.5 million mt in 2017.As production shortfall is mostly related to dry bauxite for export market, it is not expected that production at Alunorte alumina refinery will be affected.MRN has a nameplate capacity of around 18 million mt and is one of world's largest bauxite mines.  Full Article

Norsk Hydro to buy remaining 50 pct of Sapa from Orkla
Monday, 10 Jul 2017 

Repeats to attach to additional alerts:Norsk hydro: hydro acquires sapa to create a global aluminium champion.Orkla and Norsk Hydro have entered into an agreement whereby Hydro is to purchase Orkla's 50% interest in Sapa.Sapa enterprise value NOK 27 billion ($3.24 billion).Accretive to earnings and strong cash generation from sapa from day 1.Synergies of nok 200 million per year, mainly related to remelt and recycling.Transaction will be financed through cash positions and issuance of bonds in norwegian and international markets, and will be temporarily funded by committed undrawn credit lines.Committed to retain its investment grade rating and a robust balance sheet.Hydro will maintain its dividend policy of returning 40 percent of net income over cycle, with nok 1.25 per share seen as a floor in 2017..Purchase price will be paid in cash at completion, adjusted for net debt and normalized working capital.Sapa will enable us to assume global leadership, establish a platform for growth, and provide responsible operations and sustainable solutions for future low-carbon economy.Is now confirming its position as world's leading integrated aluminium company and transaction reinforces our strategic direction.  Full Article

BRIEF-Arconic Divests Its Latin America Extrusions Business

* ARCONIC INC - ‍UNDER TERMS OF AGREEMENT, ARCONIC WILL RECEIVE APPROXIMATELY $10 MILLION IN CASH FOR LAE BUSINESS​