Q3 2021 Norsk Hydro ASA Earnings Call Transcript
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Good morning, and welcome to Hydro's Q3 2021 Presentation and Conference Call. My name is Therese Rød Holm, I'm Head of Communication and Public Affairs in Hydro. We will start off with the presentation followed by a Q&A session. Our CEO, Hilde Merete Aasheim, will start the presentation; followed by our CFO, Pal Kildemo.
With that, I turn the microphone over to you, Hilde.
Good morning, and welcome from me as well. It's really a pleasure to welcome you back to regular and that we finally have a chance to meet in physical. Also, welcome to all that are following us on the conference call.
So let me go straight to the highlights for the quarter. We report a record EBITDA of NOK 7.2 billion, while free cash flow came in at NOK 2.8 billion. Free cash flow is influenced by a working capital buildup, mainly due to higher prices.
We are pleased to see a positive trend in 12 months rolling ROACE from 9% in the
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