Norsk Hydro’s Q2 16 results were above consensus estimates, with the net income (similar to Q1) materially exceeding the Street’s expectations. While average aluminium (-14% yoy) and alumina (-25%) prices remained weak, the market recovery since early 2016 rendered some sequential relief (aluminium +3% qoq; alumina +14% qoq).
22 Jul 2016
Bottom-line remains healthy, while Bauxite & Alumina continues to underperform
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Bottom-line remains healthy, while Bauxite & Alumina continues to underperform
Norsk Hydro’s Q2 16 results were above consensus estimates, with the net income (similar to Q1) materially exceeding the Street’s expectations. While average aluminium (-14% yoy) and alumina (-25%) prices remained weak, the market recovery since early 2016 rendered some sequential relief (aluminium +3% qoq; alumina +14% qoq).