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Q2 2023 Norsk Hydro ASA Earnings Call Transcript
(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.
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
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