First quarter 2019: Results down on volumes, prices and raw material costs

Hydro's underlying earnings before financial items and tax was NOK 559 million in the first quarter, down from NOK 3 147 million in the same quarter last year. This mainly reflected lower realised aluminium prices, higher raw material costs and the effects of the production curtailment at the Alunorte alumina refinery. "I am pleased that the production embargoes at Alunorte have been lifted, so that we can focus our efforts on safely returning Alunorte, Paragominas and Albras towards normal operations. Our Brazilian operations are a fundament for Hydro’s overall agenda and our ambition to lift profitability,” says President and CEO…