Norsk Hydro sees 2023 core profit at NOK 28.9 billion

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Updated: Dec 15, 2022, 13:36 UTC

LONDON (Reuters) - Norsk Hydro expects 28.9 billion crowns ($2.96 billion) in earnings before interest, tax, depreciation and amortisation (EBITDA) in 2023, the Norwegian aluminium producer said on Thursday.

(Corrects to read 30,000 tonnes (not 130,000 tonnes), paragraph 2)

LONDON (Reuters) – Norsk Hydro expects 28.9 billion crowns ($2.96 billion) in earnings before interest, tax, depreciation and amortisation (EBITDA) in 2023, the Norwegian aluminium producer said on Thursday.

Chief Financial Officer Pal Kildemo also said at the firm’s Capital Markets Day that it had curtailed 100,000 tonnes of aluminium production and expects to suspend an additional 30,000 tonnes.

($1 = 9.7768 Norwegian crowns)

(This story has been corrected to say 30,000 tonnes, not 130,000 tonnes, in the second paragraph.

(Reporting by Eric Onstad; editing by Jason Neely)

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