Norsk Hydro ASA (NHY) Q2 2010 Earnings Call July 27, 2010 10:00 am ET Executives Stefan Solberg - IR Svein Richard Brandtzaeg - CEO Jørgen Rostrup - EVP and CFO Analysts Rob Clifford - Deutsche Bank PresentationStefan Solberg - Investor Relations
Good afternoon everyone and welcome to the Hydro earnings presentation for the second quarter 2010 and welcome to those who are here to at the presentation center and those of you who are following us on the web. Hi, my name is Stefan Solberg, I am head of IR in Hydro. We released our earnings today at 7.30 at Central European Time and the presentation we will use today and the second quarter report is available on our website hydro.com. Today’s presentation will be given by President and CEO, Svein Richard Brandtzaeg; and Chief Financial Officer, Jørgen Rostrup. After the presentation, there will be an opportunity to ask questions. Those of you following of the web can ask questions via the web. Before we start, I would like to direct your attention to the cautionary note in relation to forward-looking statements, which we have provided in the presentation material. And with this brief introduction, I'm pleased to handover to Svein Richard Brandtzaeg, who will take us through the first part of the presentation. Mr. Richard? Svein Brandtzaeg First of all, if you take your first slide and the highlights from this quarter it's very much related to increased volumes, increased demand of aluminum, beyond what is normal for the seasonal valuation for the second quarter. The second quarter of the year is normally a good quarter, upstream and downstream, and we have seen development this quarter that goes beyond debt.