Hydro's Strategic Growth and Sustainability Ambitions Unveiled for 2030
Key Ideas
  • Hydro is advancing its 2030 strategy focusing on aluminium recycling, extrusions, and renewable power generation, aiming for NOK 6.5 billion in improvements by 2030.
  • The company is phasing out its battery and hydrogen businesses to align with its strategic focus, while emphasizing growth in Recycling and Extrusions despite market challenges.
  • Hydro's commitment to sustainability and low-carbon solutions is highlighted as it positions itself to thrive in a decarbonizing world with a unique advantage in the aluminium market.
  • Through a new NOK 6.5 billion improvement program, Hydro aims to drive value creation, strengthen its resilience, and push forward profitable growth in line with its 2030 strategy.
Hydro is intensifying its efforts to realize its 2030 strategy aimed at seizing opportunities from the green transition. The company's focus areas include aluminium recycling, extrusions, and renewable power generation. By launching a new improvement program, Hydro aims to deliver NOK 6.5 billion in improvements by 2030. Despite market challenges, Hydro is strengthening its Recycling and Extrusions execution towards 2030, reconfirming its adjusted EBITDA potential. The company plans to phase out its Battery and Havrand businesses, redirecting its capital focus. Hydro's sales of Hydro REDUXA and Hydro CIRCAL are on the rise, showcasing growth amidst challenging markets. The company reconfirms its capex guiding and working capital estimates, emphasizing its commitment to delivering value to shareholders. Hydro's strategic focus on the green transition includes accelerating growth in aluminium recycling, extrusions, and renewable energy. By aligning capital allocation with its strategy, Hydro aims to capture long-term value creation opportunities in the aluminium market. The company's emphasis on sustainability and low-carbon solutions positions it well for a market driven by increased demand for such products, particularly in the context of electric vehicles and renewable energy. Hydro's Recycling and Extrusions segments are crucial in meeting the demand for low-carbon products. The company remains confident in the long-term value of Recycling despite short-term market pressures. Hydro aims to strengthen its Extrusions network through modernization and optimization, projecting significant earnings uplift and improvements by 2030. Overall, Hydro's strategic growth and sustainability ambitions set the stage for continued success in a transitioning market.
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