three green bullets

Key figures and highlights

Full concentration

100% aluminium Aluminum bars

The biggest restructuring in Hydro’s recent history has been completed. In 2007 the oil operations were merged with Statoil, and an agreement was signed to sell Hydro’s petrochemicals business to Ineos. Hydro, the former conglomerate, has now become a focused aluminium company.

The world’s biggest in Qatar

Construction under way Construction site

In November 2007 we laid the foundation stone for the biggest aluminium plant ever built in a single phase. The Qatalum plant in Qatar, with its annual production capacity of 585,000 tonnes, represents another step taken by Hydro towards a global production system.

 

Key figure

Amounts in NOK million unless other unit indicated 2007 2006
 
Revenue 94,316 98,752
 
Underlying EBIT:a
Aluminium Metal 8,041 8,127
Aluminium Products 1,353 1,294
Energy 1,184 1,464
Corporate and Eliminations (648) (721)
Total 9,930 10,165
 
Net income 1) 9,158 5,966
 
Return on average capital employed (RoaCE), percent 14.6% 10.7%
 
Investments 5,206 4,526
Total assets 1) 92,046 106,789
 
Share price year-end, NOK 77.60 193.50
Dividend per share, NOK 2)b 5.00 5.00
 
Number of employees, year-endc 24,692 33,605
Recordable injuries, per million hours worked 4.1 4.0
Greenhouse gas emissions, million tonnes CO2ed 4.4 4.5
 

1) Excluding discontinued operations
2) 2007: proposed dividend

 

a

Underlying EBIT

Hydro achieved solid results for the year, supported by firm global demand and high aluminium prices. All businesses delivered similar results to 2006.

  b

Dividend

Hydro’s Board of Directors has proposed a dividend of NOK 5.00 per share for 2007, consisting of NOK 1.50 in ordinary dividend and NOK 3.50 in extraordinary dividend to be paid in May 2008.

     
c

Number of employees

The reduction in number of employees is primarily a result of the demerger of our oil and gas activities, but also reflects the sale of the automotive casting business, the closure of the magnesium plant in Canada, as well as the restructuring of our extrusion business in the U.S.

  d

Greenhouse gas emissions

Hydro has continuously reduced its greenhouse gas emissions. The reduction comes as a result of systematic operational improvements, the introduction of new technology at our metal plants, and in recent years also closure of plants and process lines.

Updated: November 26, 2008
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