Norsk Hydro ASA reported a decline in second quarter net income attributable to shareholders, but an increase in quarterly net income compared to the previous year. The company is reducing its 2025 capital expenditure guiding by 1.5 billion Kroner and has implemented an external hiring freeze for white collar workers. Adjusted earnings per share and adjusted EBITDA for the second quarter were higher than the previous year. Total revenue and income also increased in the second quarter. Hydro aims to achieve 6.5 billion Kroner in accumulated improvements by 2030, with progress made towards this goal already. Hydro Extrusions plans to reduce full-time equivalents through automation.

Read more at Nasdaq: Norsk Hydro Q2 Attributable Profit Down; Freezes White-Collar Hiring