Norsk hydro: solid upstream results, mixed markets

Hydro's adjusted ebitda for the second quarter of 2024 was nok 5,839 million, positively influenced by increasing revenue drivers in the quarter. the second quarter adjusted ebitda was down from nok 7,098 million for the same quarter last year, negatively impacted by lower extrusions volumes, recycling margins and energy spot sales, and higher fixed costs. this was partly offset by higher alumina prices and lower raw material costs resulting in an adjusted roace of 4.4 percent over the last twelve months and free cash flow of nok 2.8 billion.
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