17 JULY 2015Hydro(Sapa) Press Release
Norsk Hydro: Sapa (joint venture) - Announcement of results for the second quarter 2015
Edited by : AL CIRCLE
1 min read
Underlying EBIT for Sapa increased compared to the previous quarter, due to seasonally higher sales volumes, strong North American market development, as well as improvement programs progressing ahead of plan across the organization. The second quarter results were also impacted negatively by sharply falling metal premiums in North America.
Underlying EBIT increased compared to the same quarter of the previous year driven by strong North American demand, positive currency effects, as well as positive contributions from improvement programs and restructuring efforts.
Underlying EBIT for the first half of 2015 improved by more than 70 percent compared with the same period in 2014, influenced by the same factors discussed above.
Reported EBIT for Sapa for the second quarter was negatively influenced by restructuring cost and unrealized derivative losses. The restructuring cost relates to Southern Europe and China.
Underlying EBIT increased compared to the same quarter of the previous year driven by strong North American demand, positive currency effects, as well as positive contributions from improvement programs and restructuring efforts.
Underlying EBIT for the first half of 2015 improved by more than 70 percent compared with the same period in 2014, influenced by the same factors discussed above.
Reported EBIT for Sapa for the second quarter was negatively influenced by restructuring cost and unrealized derivative losses. The restructuring cost relates to Southern Europe and China.
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