Norsk Hydro ASA ADR (NHYDY) Q2 2026 Earnings Call Transcript

Baard Haugen
Acting Head of Investor Relations

Good morning, and welcome to Hydro’s Second Quarter 2026 Presentation and Q&A. We will shortly begin with a presentation by President and CEO, Eivind Kallevik, followed by a financial update from CFO, Trond Olaf Christophersen. We will then finish off with a Q&A session. [Operator Instructions]

And with that, I turn the word over to you, Eivind.

Eivind Kallevik
CEO, President & Member of Corporate Management Board

Thank you, Erik, and good morning from me as well. I am pleased to present a strong set of results for the second quarter, supported by excellent operational performance across the company.

Overall, this is a solid quarter, but at the same time, the ongoing situation in the Middle East continues to impact the totality and affects the broader picture. As always, we begin with what matters most, safety. Safe operations and a safe working environment are the foundation for everything else that we report today. Because without them, none of our other results would matter. Keeping our people safe remains my highest priority and the highest priority for the entire management team. And wherever I travel across Hydro, one thing stands out, our people genuinely care about looking after each other. That commitment is one of our greatest strengths. And I am pleased to report that both our HRIs and TRIs remain at historically low levels.

The challenge now is really to avoid complacency because strong performance should never lead to lower vigilance. Instead, we must continue learning, improving and moving