Norsk Hydro: Solid results and strong performance

Impact · against what's priced in

Norsk Hydro's Q3 2026 results show a significant EBITDA recovery driven by metal prices and recycling efficiency. While energy cost volatility in Bauxite & Alumina remains a headwind, the overall year-over-year growth represents a material upside to cyclical expectations.

NHY+0.40

No priced-in read yet

In context

The 51.6% year-over-year increase in adjusted EBITDA to NOK 9,089 million, driven by higher metal prices and improved Recycling and Extrusions earnings, outweighs the margin pressure from gas supply disruptions.

Read from the article alone

• earnings▲17%
• NHY
• alumina
• aluminum
• commodity prices
• ebitda
• energy costs
• metals

Top 1 mover · tap to explore