BRIEF-Norsk Hydro Proposes Cash Dividend Of NOK 2.25 Per Share

Feb 14 (Reuters) - Norsk Hydro ASA NHY.OL:

• REG-NORSK HYDRO: BAUXITE & ALUMINA RECORD RESULTS, PARTNERING FOR A GREEN TRANSITION

• PROPOSED CASH DIVIDEND OF 50 PERCENT OF ADJUSTED NET INCOME (NOK 2.25 PER SHARE)

• CAPITAL STRUCTURE POLICY TO MAINTAIN AN ADJUSTED NET DEBT OVER CYCLE OF AROUND NOK 25 BILLION REMAINS UNCHANGED

• U.S. TARIFFS WILL LIKELY RAISE PREMIUMS AND COSTS, WITH MIDWEST PREMIUMS ALREADY SURGING TO HIGHEST LEVELS SINCE APRIL 2023

• TARIFFS: HYDRO FACES LITTLE DIRECT IMPACT, AS EXTRUSIONS' OPERATIONS RELY MOSTLY ON DOMESTIC RAW MATERIALS

• IN EXTRUSIONS, HIGHER LME PRICES AND PREMIUMS HAVE HISTORICALLY BEEN PASSED ON TO CUSTOMERS.

• DOWNSTREAM ALUMINIUM MARKET CONTINUES TO FACE WEAK DEMAND AND TIGHT RECYCLING MARGINS IN EUROPE AND NORTH AMERICA

• LOW ELECTRICAL VEHICLE SALES, ESPECIALLY IN GERMANY, WEIGH ON AUTOMOTIVE EXTRUSION DEMAND

• HYDRO EXTRUSIONS: REDUCING PERSONNEL BY OVER 900 EMPLOYEES THROUGH CLOSURES OF SEVERAL RECYCLERS AND EXTRUDERS ACROSS EUROPE AND U.S.

• SEVERAL SWEDISH WIND PARKS ARE FACING DIFFICULTIES, LEADING HYDRO TO BE ENTITLED TO UP TO EUR 248 MILLION IN COMPENSATION

• UNDERLYING DEMAND IS EXPECTED TO GRADUALLY IMPROVE INTO 2025 DRIVEN BY LOWER INTEREST RATES.

Source text: ID:nGNEbdb6xs

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