Norsk Hydro flags higher smelting costs after quarterly profit miss
Norwegian aluminium producer Norsk Hydro on Friday reported a third-quarter core profit below market expectations and said it expected higher costs and lower realised metal prices at its smelting business in the fourth quarter. Adjusted earnings before interest, taxes, depreciation and amortisation rose 51.6% from a year ago to 9.09-billion Norwegian crowns ($974.3-million), but missed analysts' average forecast of 9.53-billion crowns in a company-compiled poll.
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Norwegian aluminium producer Norsk Hydro on Friday reported a third-quarter core profit below market expectations and said it expected higher costs and lower realised metal prices at its smelting business in the fourth quarter. Adjusted earnings before interest, taxes, depreciation and amortisation rose 51.6% from a year ago to 9.09-billion Norwegian crowns ($974.3-million), but missed analysts' average forecast of 9.53-billion crowns in a company-compiled poll.
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About this article
- Length
- 65 words · 1 min read
- Published
- October 23, 2026
- Byline
- reuters