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Annual Report 2021

During 2021, Hydro continued to deliver on its 2025 strategy, including further strengthening its low-carbon aluminium position as well as maturing business opportunities within new energy solutions.

28BNOKAdjusted EBITDA10.5BNOKFree cash flow18.6%Adjusted RoaCE5.4NOKShareholder payout31,00040CountriesZeroFatal accidents11.3MTCO2eGreenhouse gas emissionsownership equity(scope 1 and 2 emissions)Employees

Sustainable value creation – building industries that matter

Letter to stakeholders
Hydro Board Chair Dag Mejdell and CEO Hilde Merete Aasheim
Hydro Board Chair Dag Mejdell and CEO Hilde Merete Aasheim

Hydro’s Annual Report 2021

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