Jul 23, 2021 / 06:30AM GMT
Line Haugetraa - Norsk Hydro ASA - Head of IR
Thank you, operator. Good morning, and welcome to Hydro's Q2 Presentation and Conference Call. We will start with the presentation followed by a Q&A session. Both will be hosted by our CFO, Pal Kildemo; while our CEO, will be present at Q1 and Q3, which will include a more strategic...
(technical Difficulties]
Pal Kildemo - Norsk Hydro ASA - Executive VP, CFO & Member of the Corporate Management Board
of EUR 435 million and strengthens our ability to deliver on our strategic direction for 2025. Our adjusted ROACE for the last 12 months holding Q2 '21 comes in at 9%, 4% higher than Q1 and over double last year's results.
If we just look at the underlying growth for Q2 alone, we would have come in at 15%, exceeding our overall profitability goal of recording ROACE of 10% over the cycle. During the quarter, we were pleased to see an overall continuation of the economic recovery, which began in the second half of 2020. The outlook for GDP growth remains positive. However, we have started seeing
Q2 2021 Norsk Hydro ASA Earnings Call Transcript
Jul 23, 2021
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