Financial and operating performance

factory floor

Hydro had underlying EBIT of NOK 5,692 million in 2014 compared with NOK 2,725 million in the previous year. A significant increase in all-in metal prices together with the strengthening US dollar compared to the NOK and BRL had a positive impact on underlying result for the year. Bauxite production reached 10.2 million mt (annualized) in the final quarter of 2014. Dedicated improvement programs made a substantial contribution to underlying EBIT in 2014.

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 2014, we shipped approximately 950,000 mt of rolled products from our six European plants. Our energy business produced around 10.2 TWh of hydroelectric power during the year.

In 2014, cash provided by operating activities was NOK 5.9 billion compared with NOK 5.2 billion in the previous year.

Underlying EBIT, in NOK million
Bauxite & Alumina (55) (791)
Primary Metal 3,937 1,422
Metal Markets 634 594
Rolled Products 698 615
Energy 1,197 1,653
Other and eliminations (717) (502)
Underlying EBIT 5,692 2,725


  • Annual report 2014

Updated: September 13, 2016