Declining alumina and aluminum prices will limit Hydro's long-term earnings growth.
On July 10, Norsk Hydro announced that it has purchased the remaining 50% stake of its Sapa joint venture from Orkla. Once the deal closes, Hydro will own the entire Sapa business, which will operate as a unique reporting segment called extruded solutions within the company's existing reporting structure. With the acquisition taking place at an attractive price, we've raised our fair value estimate for Hydro to NOK 34 per share from NOK 32. Our no-moat rating is unchanged.The deal values the en...
Norsk Hydro is an aluminium group based in Norway. Co. is engaged in the supply of aluminium and aluminium products. Co. supplies casthouse products, such as extrusion ingots, sheet ingots and foundry alloys. Co's customers are active in sectors such as the packaging, lithographic, building, automotive and transport sectors. In addition, Co. is engaged in the production of power in Norway. Its business is divided into six operating segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, and Energy and Other and Eliminations.
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