Norsk Hydro will release its Q2/20 results on Wednesday 22 July. We have only fine-tuned our quarterly price assumptions in this preview, but have raised our estimates somewhat on the back of a weaker NOK as well as lower cost assumptions. We now expect an underlying EBIT of NOK 285m (101) – below consensus at NOK 412m. The main focus will be towards potential write-downs as well as outlook comments. We stick to our Buy rating and NOK 30 TP.
01 Jul 2020
Still high uncertainty ahead of Q2
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Still high uncertainty ahead of Q2
Norsk Hydro will release its Q2/20 results on Wednesday 22 July. We have only fine-tuned our quarterly price assumptions in this preview, but have raised our estimates somewhat on the back of a weaker NOK as well as lower cost assumptions. We now expect an underlying EBIT of NOK 285m (101) – below consensus at NOK 412m. The main focus will be towards potential write-downs as well as outlook comments. We stick to our Buy rating and NOK 30 TP.