Norsk Hydro Future Growth

Future criteria checks 1/6

Norsk Hydro's revenue is forecast to decline at 0.2% per annum while its annual earnings are expected to grow at 9.1% per year. EPS is expected to grow by 8.8% per annum. Return on equity is forecast to be 11.8% in 3 years.

Key information

9.1%

Earnings growth rate

8.84%

EPS growth rate

Metals and Mining earnings growth	25.9%
Revenue growth rate	-0.2%
Future return on equity	11.81%
Analyst coverage	Good
Last updated	05 Nov 2025

Recent future growth updates

Earnings Miss: Norsk Hydro ASA Missed EPS By 20% And Analysts Are Revising Their Forecasts

Feb 18

Recent updates

Why The 30% Return On Capital At Norsk Hydro (OB:NHY) Should Have Your Attention

Aug 08

This Is Why Shareholders May Want To Hold Back On A Pay Rise For Norsk Hydro ASA's (OB:NHY) CEO

May 03

Norsk Hydro's (OB:NHY) Shareholders Will Receive A Smaller Dividend Than Last Year

Apr 15

Norsk Hydro (OB:NHY) Is Reducing Its Dividend To NOK2.25

Mar 20

Returns On Capital Are A Standout For Norsk Hydro (OB:NHY)

Mar 15

Earnings Miss: Norsk Hydro ASA Missed EPS By 20% And Analysts Are Revising Their Forecasts

Feb 18

Here's Why Norsk Hydro (OB:NHY) Can Manage Its Debt Responsibly

Feb 14

Investors Appear Satisfied With Norsk Hydro ASA's (OB:NHY) Prospects

Nov 20

Hydro's Renewable Pivot And Strategic Partnerships Power Greener Growth And Profitability

Nov 13 Execution of renewable projects and recycling focus positions Hydro for revenue growth by diversifying energy sources and capturing premium markets.

Earnings and Revenue Growth Forecasts

OB:NHY - Analysts future estimates and past financials data (NOK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	214,993	13,740	9,556	23,141	10
12/31/2026	204,397	12,711	10,722	22,994	11
12/31/2025	207,676	11,934	9,518	23,194	11
9/30/2025	215,814	10,993	10,028	21,921	N/A
6/30/2025	215,356	9,591	10,279	22,878	N/A
3/31/2025	213,185	9,683	6,235	19,416	N/A
12/31/2024	203,636	5,790	1,801	15,356	N/A
9/30/2024	195,333	1,341	-1,443	12,071	N/A
6/30/2024	189,945	191	-1,343	12,504	N/A
3/31/2024	192,630	3,259	4,353	18,436	N/A
12/31/2023	193,619	3,583	8,582	22,220	N/A
9/30/2023	190,940	6,370	14,312	27,311	N/A
6/30/2023	198,684	13,579	15,899	28,240	N/A
3/31/2023	209,847	19,644	22,300	33,228	N/A
12/31/2022	207,929	24,118	19,733	29,337	N/A
9/30/2022	210,286	30,989	21,099	29,347	N/A
6/30/2022	194,552	25,165	16,241	23,247	N/A
3/31/2022	164,317	16,066	8,375	14,687	N/A
12/31/2021	149,653	12,148	8,310	14,330	N/A
9/30/2021	133,044	12,000	5,563	11,015	N/A
6/30/2021	123,849	10,863	10,045	15,458	N/A
3/31/2021	114,634	7,421	5,800	10,993	N/A
12/31/2020	114,291	4,071	7,233	12,760	N/A
9/30/2020	120,024	-3,379	6,682	13,336	N/A
6/30/2020	130,025	-4,528	5,103	12,467	N/A
3/31/2020	143,859	-3,349	4,548	12,994	N/A
12/31/2019	149,833	-1,811	3,824	12,550	N/A
9/30/2019	152,722	-2,028	-536	7,814	N/A
6/30/2019	154,970	-19	N/A	6,897	N/A
3/31/2019	157,048	2,174	N/A	5,815	N/A
12/31/2018	159,435	4,256	N/A	7,025	N/A
9/30/2018	159,883	8,448	N/A	12,480	N/A
6/30/2018	142,917	9,735	N/A	12,856	N/A
3/31/2018	126,253	9,112	N/A	15,668	N/A
12/31/2017	109,309	8,783	N/A	14,347	N/A
9/30/2017	91,828	6,344	N/A	12,195	N/A
6/30/2017	89,203	5,391	N/A	11,555	N/A
3/31/2017	85,003	5,854	N/A	10,928	N/A
12/31/2016	82,115	6,388	N/A	10,018	N/A
9/30/2016	81,315	5,806	N/A	10,173	N/A
6/30/2016	82,735	3,398	N/A	12,290	N/A
3/31/2016	84,781	3,368	N/A	13,036	N/A
12/31/2015	87,932	2,020	N/A	14,373	N/A
9/30/2015	89,174	1,172	N/A	14,357	N/A
6/30/2015	87,278	3,085	N/A	11,081	N/A
3/31/2015	83,111	1,352	N/A	7,811	N/A
12/31/2014	78,104	797	N/A	5,826	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NHY's forecast earnings growth (9.1% per year) is above the savings rate (3%).

Earnings vs Market: NHY's earnings (9.1% per year) are forecast to grow slower than the Norwegian market (16.2% per year).

High Growth Earnings: NHY's earnings are forecast to grow, but not significantly.

Revenue vs Market: NHY's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: NHY's revenue is forecast to decline over the next 3 years (-0.2% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NHY's Return on Equity is forecast to be low in 3 years time (11.8%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/10 19:14
End of Day Share Price	2025/11/07 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Norsk Hydro ASA is covered by 38 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Amos Fletcher	Barclays
Charlie Clark	Berenberg

Norsk Hydro Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 10%, revenue downgraded

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 11%

Earnings Miss: Norsk Hydro ASA Missed EPS By 20% And Analysts Are Revising Their Forecasts

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 10%, revenue upgraded

Recent updates

Norsk Hydro ASA, Annual General Meeting, May 07, 2026

Norsk Hydro ASA to Report Q1, 2026 Results on Apr 29, 2026

Norsk Hydro ASA to Report Q3, 2026 Results on Oct 23, 2026

Norsk Hydro Reduces the Overall Workforce by 750 Positions

Why The 30% Return On Capital At Norsk Hydro (OB:NHY) Should Have Your Attention

Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Norsk Hydro ASA's (OB:NHY) P/E Is On The Mark

Is Norsk Hydro (OB:NHY) Using Too Much Debt?

Norsk Hydro (OB:NHY) Is Paying Out Less In Dividends Than Last Year

Norsk Hydro ASA Approves Appointment of Board and Nomination Committee

Upcoming dividend of kr2.25 per share

This Is Why Shareholders May Want To Hold Back On A Pay Rise For Norsk Hydro ASA's (OB:NHY) CEO

First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates increase by 10%, revenue downgraded

Consensus EPS estimates fall by 12%

Norsk Hydro's (OB:NHY) Shareholders Will Receive A Smaller Dividend Than Last Year

Consensus EPS estimates fall by 11%

Norsk Hydro (OB:NHY) Is Reducing Its Dividend To NOK2.25

Norsk Hydro Asa Announces Resignation of Peter Kukielski from Board of Directors

Returns On Capital Are A Standout For Norsk Hydro (OB:NHY)

Earnings Miss: Norsk Hydro ASA Missed EPS By 20% And Analysts Are Revising Their Forecasts

Full year 2024 earnings: EPS misses analyst expectations

Norsk Hydro ASA Proposes Cash Dividend for the Financial Year 2024, Payable on May 20, 2025

Here's Why Norsk Hydro (OB:NHY) Can Manage Its Debt Responsibly

Norsk Hydro ASA to Report Q4, 2024 Results on Feb 14, 2025

Norsk Hydro ASA (OB:NHY) signed an agreement to acquire remaining 28% stake in Hydrovolt As from Northvolt AB for NOK 78 million.

Norsk Hydro ASA, Annual General Meeting, May 09, 2025

Norsk Hydro ASA to Report Q2, 2025 Results on Jul 22, 2025

Investors Appear Satisfied With Norsk Hydro ASA's (OB:NHY) Prospects

Hydro's Renewable Pivot And Strategic Partnerships Power Greener Growth And Profitability

Consensus EPS estimates fall by 12%

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Altor Fund V AB fund managed by Altor Equity Partners AB acquired an additional 10.1% stake in Vianode AS from Norsk Hydro ASA (OB:NHY).

Norsk Hydro ASA to Report Q3, 2025 Results on Oct 24, 2025

. Norsk Hydro ASA (OB:NHY) commences an Equity Buyback Plan for 100,000,000 shares, representing 4.98% of its issued share capital, for NOK 109.8 million, under the authorization approved on May 7, 2024.

Norsk Hydro ASA (OB:NHY) exercised the option to acquire an additional 20% stake in Vianode AS from Altor Fund V AB managed by Altor Equity Partners AB.

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Norsk Hydro ASA to Report Q1, 2025 Results on Apr 29, 2025

Macquarie Green Energy And Climate Opportunities Fund Scsp, managed by Macquarie Asset Management Inc. acquired 49.9% stake in Hydro REIN from Norsk Hydro ASA (OB:NHY).

Norsk Hydro Asa Announces Board Appointments

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 10%, revenue upgraded

VE Invest UAB agreed to acquire Fabrication Plant in Kaunas, Lithuania from Norsk Hydro ASA (OB:NHY).

Norsk Hydro ASA Announces CEO Changes

Norsk Hydro ASA Announces Appointment of Trond Olaf Christophersen as CFO

Norsk Hydro ASA Announces Resignation of Pål Kildemo as CFO

Consensus EPS estimates fall by 10%, revenue upgraded

Full year 2023 earnings: EPS misses analyst expectations

Norsk Hydro ASA Proposes Dividend for the Financial Year 2023, Payable on 21 May 2024

Third quarter 2023 earnings: EPS misses analyst expectations

Macquarie Asset Management agreed to acquire a 49.9% stake in Hydro REIN from Norsk Hydro ASA (OB:NHY) for approximately $330 million.

Consensus EPS estimates fall by 16%, revenue upgraded

Now 20% undervalued after recent price drop

Norsk Hydro ASA (OB:NHY) commences an Equity Buyback Plan for 100,000,000 shares, representing 4.91% of its issued share capital, for NOK 2,000 million, under the authorization approved on May 10, 2023.

Norsk Hydro ASA to Report Q3, 2024 Results on Oct 24, 2024

Now 22% undervalued

New minor risk - Profit margin trend

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Norsk Hydro ASA Approves Dividend for the Financial Year 2022, Payable on 23 May 2023

Consensus EPS estimates fall by 10%, revenue upgraded

Upcoming dividend of kr5.65 per share at 7.5% yield

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake