Jul 21, 2023 / 06:30AM GMT
Martine Rambol Hagen - Norsk Hydro ASA - Head of IR
(technical difficulty) presentation by our CFO, Pal Kildemo, followed by a Q&A session. (Operator Instructions)
But before that, we have a presentation, and then I leave the microphone to you, Pal.
Pal Kildemo - Norsk Hydro ASA - Executive VP, CFO & Member of the Corporate Management Board
Thank you, Martine, and good morning, and welcome from me as well. It is a pleasure to present our second quarter results with you today, and I would like to start with the key highlights. For the second quarter, we report an EBITDA of NOK 7.1 billion, robust results but slightly down from the first quarter as lower realized prices and volumes were partly offset by lower raw material costs and higher extrusion margins.
As the global economic uncertainty continues and short-term demand outlook weakens in the second quarter, we have continued the strong focus on margin management and cash release with free cash flow coming in at NOK 3.7 billion. We are also pleased that despite lower prices and
Q2 2023 Norsk Hydro ASA Earnings Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot