Hydro’s record results in Q1 2021
Norsk Hydro posted strong figures in the first quarter 2021 including record results in the energy and extrusion business areas amid a strong global recovery and boost for demand for renewable energy, aluminium and aluminium products.
The company’s first-quarter underlying EBITDA of NOK 5,182 million was up from NOK 3,810 million in the same quarter last year.
Higher all-in metal prices, improved results from Energy and improved margins and volumes in Extrusions contributed positively to the result.
These positive elements were partly offset by higher raw material costs, negative currency effects and additional maintenance-related costs in the Bauxite & Alumina business area.
Hydro continues to address the effects of the Covid-19 pandemic on its operations and communities around the world.
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