Financial and operating performance

Hydro had a negative underlying EBIT of NOK 2,555 million in 2009, compared with positive underlying EBIT of NOK 6,009 million in 2008. Underlying results were significantly impacted by a sharp decline in aluminium prices together with significantly lower volumes in our midstream and downstream operations. Substantial cost reductions in all of our operations partly offset the effects of the market decline.


We delivered a total of 2.4 million metric tonnes of casthouse products to internal and external customers from casthouses which are integrated with our primary aluminium plants, and from specialized remelt facilities close to our customers in Europe and the US.

NOK million 2009 2008
Primary Metal (2,556) 2,732
Metal Markets (83) 703
Rolled Products 26 651
Extruded Products (67) 338
Energy 1,240 1,865
Corporate and Eliminations (1,114) (279)
Underlying EBIT (2,555) 6,009

In 2009, we shipped approximately 800,000 mt of rolled products from our seven European plants and our Malaysian plant. Our network of extrusion plants delivered about 400,000 mt of extruded products while our automotive business sold around 90,000 mt during 2009.

Our Energy business produced nearly 8 TWh of renewable hydroelectric power during the year.

Updated: October 11, 2016