Indicative price and currency sensitivities:
| Commodity price sensitivity +/- 10% | |
| NOK million | EBIT |
| Aluminium | 3 500 |
| Fuel oil | (220) |
| Petroleum coke | (220) |
| Caustic soda | (240) |
| Coal | (50) |
| Currency sensitivities +/- 10% | ||
| NOK million | EBIT | Financial items |
| USD | 3410 | (370) |
| BRL | (1170) | 500 |
| EUR | (270) | (1820) |
- Annual sensitivites based on normal annual business volumes, LME USD 1 900 per mt, Fuel oil USD 390 per mt, petroleum coke USD 280 per mt, caustic soda USD 470 per mt, coal USD 70 per mt, USD/NOK 8.60, BRL/NOK 2.70, EUR/NOK 9.40
- Aluminium price sensitivity is net of aluminium price indexed costs and excluding unrealized effects related to operational hedging.
- BRL sensitivity calculated on a long-term basis with fuel oil assumed in USD. In the short-term, fuel oil is BRL-denominated
- Excludes effects of priced contracts in currencies different from underlying currency exposure (transaction exposure)
- Currency sensitivites on financial items includes effects from intercompany positions and embedded derivatives.
- Currency sensitivities on financial items do not take into account movements in interest rate forward curves
- 2017 Platts alumina index (PAX) exposure used
Updated: October 04, 2019