Aluminum Producer Hydro Says Pre-Covid Demand Won't Return for Two Years

The video discusses the impact of COVID-19 on the company's earnings, with a significant drop in sales for the second quarter. It explores market recovery expectations, noting that recovery may take years in the US and Europe, while China shows signs of improvement. The company focuses on cost management and safety, particularly in Brazil, and is on track with its cost reduction program. The review of the RD product business is ongoing, and the dividend policy remains postponed due to COVID-19.

What was the percentage drop in sales for the extruded solution business area in the second quarter?

• 40%

• 30%

• 20%

• 50%

Which region is showing good signs of recovery according to the analysis?

• Europe

• United States

• Brazil

• China

What has been the company's main concern during the COVID-19 situation?

• Launching new products

• Expanding market share

• Employee safety

• Increasing sales

What is the target amount for the improvement program to be delivered by 2023?

• 8.3 billion kroner

• 7.3 billion kroner

• 6.3 billion kroner

• 5.3 billion kroner

What has the board decided regarding the dividend policy due to the COVID situation?

• Maintain current dividends

• Cancel dividends

• Postpone dividends

• Increase dividends