For the fifth time, the Norwegian Society of Financial Analysts (NFF) has awarded Hydro the prestigious and time-honored Stockman Prize.
The NFF gives the prize each year to the exchange-listed company that the jury believes has delivered the best financial reporting based on financial analysis principles, and on an ongoing basis provides excellent information to the financial community and shareholders.
Hydro once again won the coveted Stockman Prize in the open category that includes all companies listed on the Oslo Stock Exchange. The other prize categories include small and medium sized companies and best investor relations team. Hydro was previously honored with the Stockman Prize in 2009, 2004, 1995 and 1992.
The head of Investor Relations in Hydro, Rikard Lindqvist, emphasizes that communication with actors in the financial market is a team effort involving cooperation across various disciplines within the company.
"The market gets its information about Hydro through many channels, not only from us. This makes it even more critical for us to be well coordinated. We want Hydro to be consistent in its communication," he says.
As justification for the award of the Stockman prize, Hydro was noted for its equal treatment of all participants in the financial market and good reporting of financial results with segment information and notes. The company was also praised for providing reactions and comments on news from the aluminium market.
"We always try to be available to the financial market. We also have a pretty low threshold for sending out press releases and information about important events," says Lindqvist.
Stockman Prizes in the three categories were handed out in Oslo Concert Hall on Thursday during the annual seminar on financial reporting held by the Norwegian Society of Financial Analysts. Accepting the award on behalf of Hydro were Bent Gary Andersen, head of Corporate Financial Reporting, Performance and Tax, and Pål Kildemo and Rikard Lindqvist from Investor Relations.