Financial and operating performance


Hydro had underlying EBIT of NOK 1,158 million in 2012 compared with NOK 5,982 million in the previous year. Low aluminium and alumina prices had a significant effect on underlying results for the year. Relentless focus on reducing costs and improving operations generated substantial savings partly offsetting the negative market effects.

We delivered 3.3 million metric tons of casthouse products to internal and external customers from casthouses that are integrated with our primary aluminium plants, and from remelt facilities close to our customers in Europe and the United States.

In 2012, we shipped approximately 910,000 mt of rolled products from six European plants and our plant in Malaysia. Our network of extrusion plants delivered about 510,000 mt of extruded products. Our energy business produced around 10.3 TWh of hydroelectric power during the year.

In 2012, cash provided by operating activities declined to NOK 5.4 billion from NOK 7.4 billion in the previous year.

Underlying EBIT, in NOK million
Bauxite & Alumina (791) 887
Primary Metal 314 2,486
Metal Markets 208 441
Rolled Products 640 673
Energy 1,459 1,883
Other and eliminations (672) (389)
Underlying EBIT 1,158 5,982

Updated: October 11, 2016