Hydro Sets Ambitious Growth and Sustainability Targets, Ups Dividend Guidance
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Stepping up growth ambitions in Extrusions to NOK 10-12 billion EBITDA and in Recycling to NOK 5-8 billion EBITDA by 2030 to capture green transition opportunities
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Increasing CO2 reduction target to 47% by 2030 and strengthening biodiversity and emissions efforts to be nature positive
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Partnering with customers to shape the market for greener aluminum and capture NOK 2 billion premium earnings uplift by 2030
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Updating 2024 capex guidance to NOK 15 billion annually and estimating NOK 14 billion in improvement potential and NOK 6.1 billion in commercial ambitions by 2030
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Aiming to distribute 50-60% of 2023 adjusted net income to shareholders, aligned with robust capital structure and strategic growth priorities