OSLO, NORWAY--(Marketwire - Mar 15, 2013) - "Weakness and uncertainty in the world economyweighs on the aluminium price.When I express my belief in the future of aluminium, it's because theunderlyingfactors point to continued solid growth in demand for aluminium," PresidentandCEO Svein Richard Brandtzæg writes in his letter to shareholders.
"We are seeing through substantial improvement programs in all of ourbusinessareas and have taken important strategic actions that will make us morerobustregardless of what the future brings - and will make us the aluminiumindustry'swinner when demand catches up to production", Brandtzæg says.
The report meeting the Norwegian statutory requirements for annualreporting is"Financial Statements and Board of Directors' Report - 2012." This reportisavailable in Norwegian and English.
In addition, a more extensive report is made available, "Annual Report -2012",with detailed information about Hydro's businesses, operationalperformance,financial performance, viability performance, corporate governance andfinancialstatements. The report is available in English.
At www.hydro.com/reporting2012 the full content of the two reports ispresentedwith supplementary information. All parts of the reports can be downloadedfromthis web site and printed in PDF format on demand.
Hydro's main reporting on viability performance is included in the "AnnualReport - 2012," with additional details on www.hydro.com/reporting2012
Shareholders and stakeholders may request a printed copy of any of Hydro's2012reports at www.hydro.com/reporting2012 free of charge.
Certain statements included within this announcement containforward-lookinginformation, including, without limitation, those relating to (a)forecasts,projections and estimates, (b) statements of management's plans, objectivesandstrategies for Hydro, such as planned expansions, investments or otherprojects,(c) targeted production volumes and costs, capacities or rates, start upcosts,cost reductions and profit objectives, (d) various expectations aboutfuturedevelopments in Hydro's markets, particularly prices, supply and demand andcompetition, (e) results of operations, (f) margins, (g) growth rates, (h)riskmanagement, as well as (i) statements preceded by "expected", "scheduled","targeted", "planned", "proposed", "intended" or similar statements.
Although we believe that the expectations reflected in such forward-lookingstatements are reasonable, these forward-looking statements are based on anumber of assumptions and forecasts that, by their nature, involve risk anduncertainty. Various factors could cause our actual results to differmateriallyfrom those projected in a forward-looking statement or affect the extent towhich a particular projection is realized. Factors that could cause thesedifferences include, but are not limited to: our continued ability torepositionand restructure our upstream and downstream aluminium business; changes inavailability and cost of energy and raw materials; global supply and demandforaluminium and aluminium products; world economic growth, including rates ofinflation and industrial production; changes in the relative value ofcurrenciesand the value of commodity contracts; trends in Hydro's key markets andcompetition; and legislative, regulatory and political factors.
No assurance can be given that such expectations will prove to have beencorrect. Hydro disclaims any obligation to update or revise any forwardlookingstatements, whether as a result of new information, future events orotherwise.
This information is subject of the disclosure requirements pursuant tosection5-12 of the Norwegian Securities Trading Act.
Annual Report 2012:http://hugin.info/106/R/1684372/552174.pdf
Financial statements and Board of Directors Report 2012:http://hugin.info/106/R/1684372/552161.pdf
This announcement is distributed by Thomson Reuters on behalf ofThomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Norsk Hydro via Thomson Reuters ONE
- Investment & Company Information