OSLO, NORWAY--(Marketwire - Mar 15, 2013) - "Weakness and uncertainty in the world economy weighs on the aluminium price. When I express my belief in the future of aluminium, it's because the underlying factors point to continued solid growth in demand for aluminium," President and CEO Svein Richard Brandtzæg writes in his letter to shareholders.
"We are seeing through substantial improvement programs in all of our business areas and have taken important strategic actions that will make us more robust regardless of what the future brings - and will make us the aluminium industry's winner when demand catches up to production", Brandtzæg says.
The report meeting the Norwegian statutory requirements for annual reporting is "Financial Statements and Board of Directors' Report - 2012." This report is available in Norwegian and English.
In addition, a more extensive report is made available, "Annual Report - 2012", with detailed information about Hydro's businesses, operational performance, financial performance, viability performance, corporate governance and financial statements. The report is available in English.
At www.hydro.com/reporting2012 the full content of the two reports is presented with supplementary information. All parts of the reports can be downloaded from this web site and printed in PDF format on demand.
Hydro's main reporting on viability performance is included in the "Annual Report - 2012," with additional details on www.hydro.com/reporting2012
Shareholders and stakeholders may request a printed copy of any of Hydro's 2012 reports at www.hydro.com/reporting2012 free of charge.
Certain statements included within this announcement contain forward-looking information, including, without limitation, those relating to (a) forecasts, projections and estimates, (b) statements of management's plans, objectives and strategies for Hydro, such as planned expansions, investments or other projects, (c) targeted production volumes and costs, capacities or rates, start up costs, cost reductions and profit objectives, (d) various expectations about future developments in Hydro's markets, particularly prices, supply and demand and competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk management, 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-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. Factors that could cause these differences include, but are not limited to: our continued ability to reposition and restructure our upstream and downstream aluminium business; changes in availability and cost of energy and raw materials; global supply and demand for aluminium and aluminium products; world economic growth, including rates of inflation and industrial production; changes in the relative value of currencies and the value of commodity contracts; trends in Hydro's key markets and competition; and legislative, regulatory and political factors.
No assurance can be given that such expectations will prove to have been correct. Hydro disclaims any obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
This information is subject of the disclosure requirements pursuant to section 5-12 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
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Source: Norsk Hydro via Thomson Reuters ONE