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Tuesday morning, Svein CEO Richard Brandtzæg and Hydro will show financial cards for the second quarter.
For Hydro, the first half of the year was very eventful. The extreme weather conditions of February led to illegal emissions from the Alunorte Alumina Refinery, and the company was forced to close 50% of its production
Hydro is accused of having attempted to blow up the drinking water in Barcarena. Since the beginning of the year, the value of Hydro action has fallen by nearly 25%. In comparison, the main index rose nearly eight percent, adjusted for the dividend.
The Hydro Alumina Refinery in Brazil continues for half-machine after the extreme weather conditions in February.
Photo: João Ramid / Hydro
– The Hydro's course is influenced by both the Alunorte situation and the risk of commercial war (which in turn affects the price of electricity). aluminum). According to Kenneth Sivertsen, this is probably the last thing that contributed to the weakness of the course. He is an electrical analyst at Pareto Brokerage.
The analyst Bengt Jonassen, in ABG Sundal Collier, points out pretty much the same thing:
– The Hydro course fell for three reasons. Alunorte, nearly 10% decline in aluminum prices so far this year and forecasts lower growth in the global economy, reducing the growth in demand for aluminum. Aluminum, writes Jonassen in an email to NRK
] On Tuesday, the answer to the question of how Hydro's results are affected by the situation in Brazil,
analysts have realized a profit of 39 percent. Underlying mining (EBIT) slightly above NOK 2.9 billion, according to data collected by 14 experts. 19659002] However, expectations should vary between 2.1 and 4.1 billion.
By comparison, the underlying operating profit for the second quarter of last year was just above 2.9 billion. However, the numbers can not be easily compared.
A year ago, half of the SAPA aluminum company purchased by Hydro Orkla bought. SAPA 's contribution is not included in the quarterly figures of last year.
In Brazil, the half-capacity shutdown of Alunorte led to the Albras plant and the Paragominas bauxite mine to 50%.
– We will take stock of the situation in Alunorte as part of the presentation of the results, said communications director Halvor Molland in Hydro
The two analysts of NRK Hydro have been in contact with Alunorte . and any progress in negotiations with the Brazilian authorities is essential when the second quarter figures are presented.
What Hydro says about future market prospects will be followed by the experts' arguments. The question is to what extent Hydro and how society might be affected by a trade war with aluminum signage
.
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