Full concentration
100% aluminium 
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 
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: |
| 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) |
5.00 |
5.00 |
| |
Number of employees, year-end |
24,692 |
33,605 |
| Recordable injuries, per million hours worked |
4.1 |
4.0 |
Greenhouse gas emissions, million tonnes CO2e |
4.4 |
4.5 |
| |
1) Excluding discontinued operations
2) 2007: proposed dividend
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.
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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.
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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.
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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.
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