Financial Statements 2019

Operational loss in 2019 was $32 millions. We produced 315.867 tonnes of aluminum and aluminum alloys. Electricity usage was about 25% of all electricity produced in Iceland. Total number of employees was 570.


Revenues 628
Profit (Loss) (32)
Investments 5
Equity Ratio 65%
Return on Equity -8,2%
Employees 570
Production (tonnes) 315.867



Gunnar Guðlaugsson is Norðurál’s Managing Director. Board members in 2019 were Jesse Gary, Gunnar Guðlaugsson, Michelle Harrison and Sigrún Helgadóttir.

Norðurál is an ISO 9001 Certified Company for Quality Controls. Environmental Standards and Safety Protocols are ISO 14001 and ISO 45001 Certified. The Company is an ÍST 85:2012 Equal Pay Certified Employer and an ASI Certified Environmentally and Socially Responsible Company.

Financial Statement 2019

Financial Statement 2018

Financial Statement 2017