three green bullets

Financial and operating performance

Aluminium worker

Hydro's underlying results improved in 2011, driven by higher alumina and aluminum prices and increased production mainly due to the Vale acquisition. Underlying EBIT increased to NOK 6,133 million from NOK 3,351 million in 2010.

Primary aluminium production amounted to 2 million mt and we delivered 3.3 million mt of casthouse products to internal and external customers. Downstream, we shipped roughly 930 kmt of rolled products and 535 kmt of extruded products to the market. Our Energy operations produced 9.6 TWh of renewable hydroelectric power.

Underlying EBIT, in NOK million 2011 2010
Bauxite & Alumina 887 633
Primary Metal 2,486 617
Metal Markets 441 321
Rolled Products 673 864
Extruded Products 151 444
Energy 1,883 1,416
Other and eliminations (389) (945)
Underlying EBIT 6,133 3,351
Updated: March 21, 2012
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