Norsk Hydro ASA (FRA:NOH1)
€ 5.868 -0.032 (-0.54%) Market Cap: 11.61 Bil Enterprise Value: 12.79 Bil PE Ratio: 296.96 PB Ratio: 1.37 GF Score: 90/100
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Q1 2023 Norsk Hydro ASA Earnings Call Transcript

Apr 28, 2023 / 06:30AM GMT
Release Date Price: €6.55 (-5.10%)
Martine RambÃ;l Hagen

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Good morning, and welcome to Hydro's First Quarter 2023 Presentation and Q&A. So our CEO, Hilde Merete Aasheim, will start off with the presentation; followed by our CFO, PÃ¥l Kildemo. After the presentation, we will run a Q&A. (Operator Instructions) But before that, we have a presentation, and I leave the floor to you, Hilde.

Hilde Merete Aasheim
Norsk Hydro ASA - President, CEO & Member of Corporate Management Board

Good morning, and welcome from me as well. It's a pleasure to present our first quarter results today, and I will start with the key highlights.

For Q1, we reported an EBITDA of NOK 7.53 billion, while free cash flow came in at NOK 1 billion negative. We reported continued positive trend in the 12 months rolling RoaCE of 18% in Q1, well above our overall profitability goal of 10% over the cycle.

I believe we delivered a robust result despite increasing volatility in the market and weaker demand in some sectors. Aluminum markets are largely balanced and combined with falling raw

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