https://www.reuters.com/article/us-norsk-hydro-results/norsk-hydro-first-quarter-core-profit-plunges-after-cyber-attack-idUSKCN1T60GC
Reuters
June 5, 2019
OSLO (Reuters) - Aluminum producer Norsk Hydro, the victim of a cyber
attack in March that paralyzed its IT systems, posted an 82% drop in
first-quarter core profit on Wednesday and said a rise in global
uncertainty could impact its markets.
The Norwegian company’s underlying operating result fell to 559 million
Norwegian crowns ($64.3 million) from 3.15 billion crowns a year ago,
while analysts in a Reuters poll on average had expected a profit of 123
million crowns.
The earnings report, originally scheduled for release on April 30, had
been postponed by five weeks as Hydro struggled to restore systems for
reporting, billing and invoicing after hackers penetrated its servers.
Newly appointed Chief Executive Officer Hilde Merete Aasheim recently
announced initiatives to boost profitability and a review of one of the
company’s units following 15 months of production outages.
[...]
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