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Analysts are forecasting a profit after tax of NOK 1,672 million, compared with NOK 1,484 million in the second quarter of 2017.
Earnings per share are expected to reach NOK 0.82, compared to NOK 0.73 million. 39, previous year. 19659002] The company is expected to make an underlying operating profit of NKr 2,715 million, compared with NOK 2,930 million in the same period last year, according to estimates of 39; Inquiry Financial. According to the average of the estimates that the company itself has collected, an underlying operating profit of 2,870 million NOK is expected
. Analyst Truls Engene in SEB says that there are many excuses in the estimates. For primary metals, estimates range from a profit of NOK 1.4 billion to a NOK 71 million loss in the company survey.
– This is an abnormally large size arrow. I think it's because there is a great deal of uncertainty associated with the costs. Engene to Dagens Næringsliv states: "The turnover is expected to reach 40,081 million NOK, against 24,591 million NOK last year.
Analyst Morten Normann of Carnegie told TDN Direct that the company's implicit costs were the most interesting. The challenge this quarter is that Hydro has its costs and revenues from different prices of alumina, he says.
– Hydro is largely self – sufficient on alumina, but there is a difference in the lag when aluminum prices hit bauxite and alumina. when they hit the side of the costs of primary aluminum. This is a longer lead time for Hydro in primary aluminum than in bauxite and alumina. According to Normann, TDN Direct estimates that the primary aluminum segment will have a higher cost than the segment of bauxite and alumina, according to Normann, which means that Carnegie's estimates are lower than estimates market and brokerage is waiting for a small loss. Normann
The results and revenues of the quarter per se mean that Normann is less interesting
– If the result was a hundred million better or worse because the price was accidentally higher or they had concluded an agreement on this page or previously. side of the quarter, it has no effect in the future. There is no automation in improving performance if they were better now because of slightly higher prices, especially if it's LME prices. If these are Hydro's own prices, it's definitely something to say. However, if you care about the costs, you will be happy to go too far too. "
Norman believes that it is unlikely that Hydro will come up with any significant news on the situation in Brazil.
– All they say around Alunorte is interesting , but I do not expect the good news about the negotiations with the Brazilian authorities.I understand that this is not the money, but there are many other considerations , he says.
Norwegian Hydro's share increases by 0.75% to NOK 45.74 per share.
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