Q1 2023 Norsk Hydro ASA Earnings Call Transcript
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Good morning, and welcome to Hydro's First Quarter 2023 Presentation and Q&A. So our CEO, Hilde Merete Aasheim, will start off with the presentation; followed by our CFO, PÃ¥l Kildemo. After the presentation, we will run a Q&A. (Operator Instructions) But before that, we have a presentation, and I leave the floor to you, Hilde.
Good morning, and welcome from me as well. It's a pleasure to present our first quarter results today, and I will start with the key highlights.
For Q1, we reported an EBITDA of NOK 7.53 billion, while free cash flow came in at NOK 1 billion negative. We reported continued positive trend in the 12 months rolling RoaCE of 18% in Q1, well above our overall profitability goal of 10% over the cycle.
I believe we delivered a robust result despite increasing volatility in the market and weaker demand in some sectors. Aluminum markets are largely balanced and combined with falling raw
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