Hydro’s 2024 performance unveiled: a recapitulation of finance, sustainability, and social responsibility
Norsk Hydro’s 2024 was challenging, but the business had an overall growth-hinting year. There have been several superlative financial, environmental, and social achievements during the calendar year.
Financial performance
While there was a drop in adjusted Return on Average Capital Employed (RoaCE) from 22.2 per cent in 2022 to 8.5 per cent in 2024, with an adjusted EBITDA standing at NOK 26.3 billion. Hydro has overseen the pursuit of its profitability target of over 10 per cent across the cycle. The company reported NOK 10.1 billion (USD 907.98 million) in accumulated improvements through its ongoing programme against the 2018 baseline, edging closer to its target of NOK 9.5 billion by 2024. Commercial ambitions also saw NOK 2.6 billion in accumulated improvements, reinforcing Hydro’s commitment to operational efficiency and growth while maintaining a strong pay-out ratio of 50 per cent.
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