|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||3.6900 - 3.6900|
|52 Week Range||2.9600 - 5.8800|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||7.26|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Mar.21 -- Norsk Hydro ASA said it made progress in securing its computer systems after the Norwegian aluminum maker was hit by a ransomware cyber attack. The Norwegian police said it has opened an investigation into the attack, which began in the early hours of Tuesday and forced one of the worldís top aluminum makers to shut down several automated product lines and switch smelters to manual mode. Bloomberg's Mark Burton and Alix Steel discuss the latest.
Aluminum producer Norsk Hydro has managed to ramp up operations at its Alunorte refinery in Brazil despite a cyber attack in March, the firm said on Tuesday, boosting its shares. The Norwegian company's stock rose as much as 6% in early trade after it also reported a slightly smaller than expected decline in second-quarter underlying earnings. "There was no doubt this would be another tough quarter but operationally the company is seemingly on track with the various ramp ups with B&A (the bauxite and alumina division) a notable beat," Credit Suisse said in a note to clients.
NEW YORK, NY / ACCESSWIRE / June 5, 2019 / Norsk Hydro ASA (OTCQX: NHYKF ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on June 5, 2019 at 2:00 PM Eastern Time. ...
European shares rose on Tuesday, with tech stocks contributing to gains as they recovered some ground lost in the previous session following a temporary easing of U.S. restrictions on China's Huawei. The Unites States allowed Huawei Technologies to buy U.S.-made goods to maintain existing networks and provide software updates to existing Huawei handsets until Aug. 19 after blocking it from buying U.S. goods last week.
KARMOEY, Norway/LONDON (Reuters) - In the cavernous chamber of Norsk Hydro's aluminium smelter on the Norwegian island of Karmoey, the magnetic forces are so strong they make heavy iron wrenches float out of the hands of workers. The company is piloting a technology that tames the effects of that powerful magnetic field, which is a consequence of the electrolysis process to make aluminium and leaches away energy. Norsk Hydro told Reuters it was using mathematical models to mitigate the effect of the magnetism and other energy waste.
KARMOEY, Norway/LONDON, May 14 (Reuters) - In the cavernous chamber of Norsk Hydro's aluminium smelter on the Norwegian island of Karmoey, the magnetic forces are so strong they make heavy iron wrenches float out of the hands of workers. The company is piloting a technology that tames the effects of that powerful magnetic field, which is a consequence of the electrolysis process to make aluminium and leaches away energy. Norsk Hydro told Reuters it was using mathematical models to mitigate the effect of the magnetism and other energy waste.
Production at Norwegian aluminum maker Norsk Hydro was back to near normal after a cyber attack last month, the company said on Friday. The group halted some of its production on March 19 and switched other units to manual operation after hackers blocked its systems with ransomware. "In terms of production output, most operations are back to normal or near normal levels," it said.
Norsk Hydro said on Tuesday that it could take months to return its Karmoey aluminium plant in western Norway to full capacity after a power outage that cut production by about 10 percent. Hydro on Monday switched off 45 of the 288 aluminium cells at the plant's main production line, corresponding to about 27,000 tonnes of annual capacity, to help to stabilise operation of the remaining units. The plant was still working on Tuesday to stabilise the production line's remaining output after the outage, Breivik added.
Norsk Hydro may take months to return its Karmoey aluminium plant in western Norway to full capacity following a power outage that cut production by about 10 percent, the company said on Tuesday. Hydro on Monday switched off 45 of the 288 aluminium cells at the plant's main production line, corresponding to around 27,000 tonnes of annual capacity, to help enable stable operations for the remaining units.
Norsk Hydro's aluminium plant at Karmoey in Norway has been hit by a power outage, and electricity has so far only been partly restored, the company said in a statement. "The cause of the power failure is not clear and will be investigated. All available resources are mobilized to identify the cause and resume production," Hydro said.
Rating Action: Moody's assigns Baa2 rating to Norsk Hydro's new bonds. London, 28 March 2019 -- Moody's Investors Service, ("Moody's") today affirmed the Baa2 long term issuer rating and baa2 baseline credit assessment (bca) of Norsk Hydro ASA ("Hydro"), and assigned a Baa2 rating to Hydro's proposed issuance of senior unsecured bonds due 2025 and 2029. The revision of the rating outlook to negative from stable reflects the pressures that have recently weighed on Hydro's financial performance, primarily as a result of the 50% production curtailment at the Alunorte alumina refinery ordered by the Brazilian authorities in February 2018, but also the more challenging operating conditions prevailing in the sector in the past few months amid lower aluminium prices.
Norsk Hydro has agreed with Brazil's federal prosecutor to have a third-party technical assessment that, if positive, could lead to it resuming full production at the half-shut Alunorte alumina refinery, the company said on Tuesday. Under the agreement, if the external assessment supports the two safety conclusions, the prosecutor's office will inform the federal court of Belen that it will not oppose lifting an embargo that prevents Alunorte from operating at full capacity. It does not include a timeline for the decision to be made by the court," Norsk Hydro said in a statement.
Norwegian aluminium maker Norsk Hydro may have lost more than $40 million in the week that followed a ransomware cyber attack that paralysed parts of the company's operations, it said on Tuesday. "In the most affected business area, Extruded Solutions, production is now at 70-80 percent, except for the Building Systems business unit, where operations remain almost at a standstill," Hydro said. "The company has now entered the recovery phase following the attack, gradually restoring IT systems in a safe and secure manner to ensure progress toward normal business while limiting the impact for people, operations, customers, suppliers and other partners," Hydro said.
Norwegian aluminum maker Norsk Hydro may have lost more than $40 million in the week that followed a cyber attack that paralyzed parts of its operations, and a full recovery of IT systems will take weeks or more, the company said. Norsk Hydro had to halt some of its production on March 19 and switch other units to manual operation after hackers blocked its systems with ransomware. While Hydro's primary metals business and most other units were able to carry on production with workarounds and manual solutions, one of its main production units struggled to recover, company executives told a news conference on Tuesday.
Norsk Hydro, one of the world's largest aluminium producers, said a key unit is operating at only 50 percent of capacity following a cyber attack on the company this week. "Extruded Solutions is working hard to enable further restarts during the coming days, which would allow for continued deliveries to customers," Hydro said of the business, which transforms aluminium ingots into components for carmakers, builders and others.
OSLO (Reuters) - Norsk Hydro has not paid any ransom to help unlock computers that were blocked by a cyber attack, Chief Financial officer Eivind Kallevik told a news conference on Wednesday. The aluminium ...
Norsk Hydro, one of the world's largest aluminium producers, has made some progress restoring operations but is not yet back to normal after it was hit by a ransomware cyber attack, the company said on Wednesday. After the attack late on Monday, the company had to shut several plants that transform aluminium ingots into components for car makers, builders and other industries, while its smelters in Norway were largely operating on a manual basis.