AT A GLANCE: Hydro Q1 earnings up on reduced costs, extrusion sector hit by Covid-19
Published: Wednesday, 29 April 2020
A summary of aluminium producer Hydro’s results for the first quarter of 2020.
● Earnings before interest and taxes (Ebit) totaled
2.247 billion Norwegian kroner ($215 million), a fourfold
increase from 559 million kroner a year earlier.
● Successful ramp-up of production at Alunorte alumina
refinery in Brazil, reduced costs and positive currency effects
all contributed positively to results.