Norsk Hydro ASA (OSL:NHY)
kr 66.6 0.62 (0.94%) Market Cap: 133.60 Bil Enterprise Value: 143.21 Bil PE Ratio: 37.84 PB Ratio: 1.33 GF Score: 94/100

Q4 2019 Norsk Hydro ASA Earnings Call (Morning) Transcript

Feb 07, 2020 / 07:30AM GMT
Release Date Price: kr27.7 (-12.06%)
Inger Sethov
Norsk Hydro ASA - Executive VP of Communication & Public Affairs and Member of Corporate Management Board

Good morning, everyone. Welcome to Hydro's presentation of fourth quarter results 2019. They will be presented by our CEO, Hilde Aasheim; and CFO, Pal Kildemo. And after the presentation, we will, as usual, have time for Q&A from you here in Oslo and also from the people following us on webcast this morning.

So Hilde?

Hilde Merete Aasheim
Norsk Hydro ASA - President & CEO

Thank you, Inger. And good morning to you here in Oslo and also good morning to the ones that are following us on the webcast.

As always, in Hydro, safety first. On December 11, we received the worst possible news from our joint venture, Qatalum. A contractor tragically lost his life at work for Qatalum. Safety of our people remains our top priority, always.

Let me then turn to the fourth quarter highlights. The underlying EBIT for the fourth quarter was NOK 560 million, more or less at the same level as we had in fourth quarter 2018

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