H&M, a leading retailer, designs and distributes clothing, accessories, and cosmetics for all ages under various brands, including H&M and COS. As of November 2023, it operates 4,369 outlets globally, with significant sales in Germany (14.9%) and the USA (14%), while products are manufactured by subcontractors.
BYD has launched its Sealion 07 EV in Norway, marking the company's seventh model available in the country. Priced at NOK 469,900 ($42,150), the Sealion 07 is the first to utilize BYD's latest e-Platform 3.0 Evo, following its recent debut in Germany.
Norsk Hydro shares rose over 3% in London following the company's 2024 Capital Markets Day, where UBS reaffirmed its Buy recommendation with a target price of NOK 85. While the event delivered mixed news, it provided encouraging insights on capital allocation and minority dividends.
Norsk Hydro ASA stands as a prominent global player in aluminum and energy production, with sales activities divided into aluminum production and refining (18.4%), aluminum product manufacturing (42.7%), aluminum sales and trading (36.5%), and energy production (2.4%). Geographically, the company generates revenue from various regions, including the United States (22.8%), Europe (14%), and significant contributions from countries like Germany (10.9%) and Brazil (5.4%).
Norsk Hydro's stock rose nearly 3% following its CMD 2024 and a positive analysis from UBS, which maintained a buy recommendation with a target price of 85 Norwegian kroner. While the investor day yielded mixed conclusions, UBS noted encouraging visibility on capital allocation and minority dividends.
Norsk Hydro's stock rose nearly 3% following its CMD and a favorable analysis from UBS, which maintained a buy recommendation with a target price of NOK 85. While the investor day yielded mixed news, UBS noted improved visibility on capital allocation and minority dividends as positive developments.
Norsk Hydro's stock rose nearly 3% following its CMD and a favorable analysis from UBS, which maintained a buy recommendation with a target price of NOK 85. While the investor day yielded mixed news, UBS noted encouraging visibility on capital allocation and minority dividends.
Norsk Hydro ASA is a leading global producer of aluminum and energy, with sales activities divided into aluminum production and refining (18.4%), aluminum product manufacturing (42.7%), aluminum sales and trading (36.5%), and energy production (2.4%). Geographically, the company generates revenue primarily from the United States (22.8%), followed by Germany (10.9%) and other regions, including Europe and Asia.
UBS has reaffirmed its Buy recommendation for Norsk Hydro, maintaining a target price of NOK 85 after the company's CMD 2024. While the investor day yielded mixed but expected insights, UBS noted improved clarity on capital allocation and minority dividends as positive developments.
Morrow Batteries AS is in a critical situation as it awaits approval for 1.5 billion kroner ($135 million) in government funding, essential for attracting investors. The company, which recently launched its first lithium-iron phosphate battery factory in Norway, is facing uncertainty following the bankruptcy of Northvolt, a larger competitor, which has raised concerns for European battery manufacturers amid increasing Chinese market dominance.
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