Investor Presentaiton
NOK 9.6 billion delivered in improvement program and
commercial ambition by end-2022
Improvement program and commercial ambition
2018 vs. 2022 vs. 2025 and 2027 target
NOK billion
1)
2)
3)
15.0
2018
AEBITDA¹)
19.0
11.0
15.4
Hydro
Improvement program
Commercial ambition
Targeting NOK 14.0 billion in improvements by 20272),³)
3.3
4.6
7.8
3.6
1.8
1.5
2.9
1.0
0.5
0.7
39.7
2.2
1.8
Additional
improvements of NOK
4.4 billion by 2027
Realized
aluminium
FX
Raw
and alumina
Downstream Energy price Fixed cost
material cost volume and and volume
margins
Other
Improvement Commercial
program
ambition
2022
AEBITDA
2025 target 2027 target
price
Calculated as Hydro Group AEBITDA excluding Rolled Products AEBITDA
Compared to 2018 AEBITDA
Gross uplift not including effects of inflation
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