Norsk Hydro ASA

Regulatory Filings • Nov 26, 2025

Norsk Hydro: Hydro to close five European extrusion plants

Norsk Hydro: Hydro to close five European extrusion plants

Hydro has decided to consolidate the Extrusions operations in Europe with a

proposal to close five of its European plants. This move is made to optimize the

extrusion footprint in Europe and strengthen competitiveness.

The decision will affect Hydro Extrusions' production plants in Cheltenham and

Bedwas in the UK, Lüdenscheid in Germany, Feltre in Italy, and Drunen in the

Netherlands. A formal consultation process with employee representatives at the

affected plants will begin immediately. If confirmed, the sites will be closed

during 2026.

The decision to optimize the European extrusion footprint is based on a detailed

review and analysis of the performance and market situation, with the aim to

strengthen the long-term competitiveness of Hydro Extrusions' business in

Europe.

"The reality in the European market requires decisive action. Decisions like

this never come easy, but they are necessary. We will carry out the process with

full focus on safety, and with a commitment to treat everyone affected fairly

and with respect," says President and CEO, Eivind Kallevik.

The proposed closure affects 730 employees across the five plants. The plants

have a combined total of eight extrusion presses, various added value processes

and three recycling units.

"We will continue to have a strong presence in the European markets, and we are

determined to serve our customers with dedication and a high service level,"

says Kallevik.

Hydro remains fully committed to the European extrusion markets, and the

proposed changes will not affect the commitments and service levels to

customers. If the decision to close is confirmed, customers that are currently

being served by the affected locations will receive their products from other

Hydro locations.

Hydro Pole Products, currently consolidated with the Drunen plant, will not be

affected by the restructuring.

After the proposed changes, Hydro will have 28 extrusion plants and five

recycling facilities in the Extrusion Europe business unit and a total of 7,000

employees.

The total restructuring cost is estimated to NOK 1.9 billion, with NOK 460

million of impairment charges and NOK 1.25 billion of provisions expected to be

taken in Q4 2025. Costs of around NOK 50-100 million will impact the Adjusted

EBITDA in Q4 2025. The expected run rate improvements from the restructuring are

in excess of NOK 0.5 billion per year.

Investor contact:

Elitsa Blessi

+47 91775472

Elitsa.Blessi@hydro.com

Media contact:

Anders Vindegg

+47 93864271

Anders.Vindegg@hydro.com

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act