Financial and operating performance

Rolls of aluminium

Hydro had underlying EBIT of NOK 2,737 million in 2013 compared with NOK 1,297 million in the previous year. Lower smelter costs, improved results for Qatalum and higher product premiums had a positive impact on underlying results for the year partly offset by lower realized alumina aluminium prices and production disruptions at Alunorte. Dedicated improvement programs made a substantial contribution to underlying EBIT in 2013. 

We delivered 3.2 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 2013, we shipped approximately 940,000 mt of rolled products from six European plants and our plant in Malaysia. Our energy business produced around 10.2 TWh of hydroelectric power during the year.

In 2013, cash provided by operating activities was NOK 5.2 billion compared with NOK 5.4 billion in the previous year.

Underlying EBIT, in NOK million
Bauxite & Alumina (1,057) (791)
Primary Metal 1,422 335
Metal Markets 594 210
Rolled Products 627 637
Energy 1,653 1,459
Other and eliminations (502) (553)
Underlying EBIT 2,737 1,297


  • Annual report 2013

Updated: September 13, 2016