OSLO, NORWAY--(Marketwire - Jan 29, 2013) - Norsk Hydro ASA is reporting reclassified
historical financial information (unaudited) due to the announced extruded
products joint venture with Orkla ASA. The reclassified financials are
released to provide further details on the effects of reclassifying
Extruded Products as discontinued operations ahead of Hydro's forth quarter
results 2012 to be released on February 12, 2013.
Certain statements included within this announcement contain
forward-looking information, including, without limitation, those relating
to (a) forecasts, projections and estimates, (b) statements of management's
plans, objectives and strategies for Hydro, such as planned expansions,
investments or other projects, (c) targeted production volumes and costs,
capacities or rates, start-up costs, cost reductions and profit objectives,
(d) various expectations about future developments in Hydro's markets,
particularly prices, supply and demand and competition, (e) results of
operations, (f) margins, (g) growth rates, (h) risk management, as well as
(i) statements preceded by "expected", "scheduled", "targeted", "planned",
"proposed", "intended" or similar statements.
Although we believe that the expectations reflected in such forward-looking
statements are reasonable, these forward-looking statements are based on a
number of assumptions and forecasts that, by their nature, involve risk and
uncertainty. Various factors could cause our actual results to differ
materially from those projected in a forward-looking statement or affect
the extent to which a particular projection is realized. Factors that could
cause these differences include, but are not limited to: our continued
ability to reposition and restructure our upstream and downstream aluminium
business; changes in availability and cost of energy and raw materials;
global supply and demand for aluminium and aluminium products; world
economic growth, including rates of inflation and industrial production;
changes in the relative value of currencies and the value of commodity
contracts; trends in Hydro's key markets and competition; and legislative,
regulatory and political factors.
No assurance can be given that such expectations will prove to have been
correct. Hydro disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
This information is subject of the disclosure requirements pursuant to
5-12 of the Norwegian Securities Trading Act.
Norsk Hydro - Reclassified financials:
This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality
of the information contained therein.
Source: Norsk Hydro via Thomson Reuters ONE