Norsk Hydro annual reporting 2014: Better, bigger, greener
(Thomson Reuters ONE) -
"After challenging years, the fundamentals in the aluminium market show some
improvement - and our ambitious improvement strategy yields significant results
turning Hydro into a strong player well positioned for a better, bigger and
greener future," President and CEO Svein Richard Brandtzæg writes in his letter
to shareholders.
"The lowered cost of producing a ton of aluminium is not simply a result of
shortsighted "cost-cutting", but a lasting result of systematic and determined
improvement programs. As earnings outlook has improved, now is the time to prove
the strength of our improvement culture: Stepping-up when you have to is one
thing, but true culture is reflected through advancements also when not driven
by external distress," Brandtzæg says.
"Improvements will be supplemented with selective growth and portfolio high-
grading measures as well as further technological advancements aiming to
establish Hydro as a leading industry player, and maturing some of the most
competitive projects in the world when the time is right. Demand for aluminium
is the fastest growing of any metal in the world. Low weight, strength and
recyclability make it the material of choice to respond to the global challenge
of sustainable economic growth," Brandtzæg continues.
"For us in Hydro, aluminium is not merely a commodity. Aluminium is where
natural resources come together with our intellectual capabilities. Building on
the inherent properties of aluminium, we add know-how and technological edge in
order to find solutions to the major challenges of our time - like saving energy
and reducing greenhouse gas emissions," Brandtzæg finishes.
The report, meeting the Norwegian statutory requirements for annual reporting,
is "Financial Statements and Board of Directors' Report - 2014." This report is
available in Norwegian and English.
In addition, a more extensive report is available, "Annual Report - 2014," with
detailed information about Hydro's businesses, operational performance,
financial performance, viability performance, corporate governance and financial
statements. The report is available in English.
At www.hydro.com/reporting2014 the full content of the two reports is presented
with supplementary information. All parts of the reports can be downloaded from
this web site and printed in PDF format on demand.
Hydro's main reporting on viability performance is included in the "Annual
Report - 2014," with additional details on www.hydro.com/reporting2014
Shareholders and stakeholders may request a printed copy of any of Hydro's 2014
reports at www.hydro.com/reporting2014 free of charge.
Investor contact
Contact Pål Kildemo
Cellular +47 97096711
E-mail Pal.Kildemo(at)hydro.com
Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Halvor.Molland(at)hydro.com
Certain statements included within this announcement contain forward-looking
information, including, without limitation, those relating to (a) forecasts,
projections and estimates, (b) statements of management's plans, objectives and
strategies for Hydro, such as planned expansions, investments or other projects,
(c) targeted production volumes and costs, capacities or rates, start up costs,
cost reductions and profit objectives, (d) various expectations about future
developments in Hydro's markets, particularly prices, supply and demand and
competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk
management, as well as (i) statements preceded by "expected", "scheduled",
"targeted", "planned", "proposed", "intended" or similar statements.
Although we believe that the expectations reflected in such forward-looking
statements are reasonable, these forward-looking statements are based on a
number of assumptions and forecasts that, by their nature, involve risk and
uncertainty. Various factors could cause our actual results to differ materially
from those projected in a forward-looking statement or affect the extent to
which a particular projection is realized. Factors that could cause these
differences include, but are not limited to: our continued ability to reposition
and restructure our upstream and downstream aluminium business; changes in
availability and cost of energy and raw materials; global supply and demand for
aluminium and aluminium products; world economic growth, including rates of
inflation and industrial production; changes in the relative value of currencies
and the value of commodity contracts; trends in Hydro's key markets and
competition; and legislative, regulatory and political factors.
No assurance can be given that such expectations will prove to have been
correct. Hydro disclaims any obligation to update or revise any forward looking
statements, whether as a result of new information, future events or otherwise.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Financial statements and Board of Directors report 2014:
http://hugin.info/106/R/1903185/676823.pdf
Annual Report 2014:
http://hugin.info/106/R/1903185/676822.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Norsk Hydro via GlobeNewswire
[HUG#1903185]
Unternehmensinformation / Kurzprofil:
Datum: 13.03.2015 - 07:59 Uhr
Sprache: Deutsch
News-ID 378301
Anzahl Zeichen: 6265
contact information:
Town:
Oslo
Kategorie:
Business News
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