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25. Juli 2017 | Branche

Norsk Hydro: Q2 results up on higher aluminium prices

Hydro generated revenue of NOK24.6 billion in Q2 2017, up 20.6% on the year-ago period. Underlying earnings before financial items and tax (Ebit) increased to NOK2.9 billion (+up 49%), mainly driven by higher aluminium prices and favourable currency developments. Lower realized alumina prices and increased raw material costs had a negative impact on results.