Financial Statements 2020

Operational loss in 2020 was $9 millions. We produced 312.629 tonnes of aluminum and aluminum alloys. Electricity usage was about 25% of all electricity produced in Iceland. Total number of employees was 581.


Revenues 571
Profit (Loss) (9)
Investments 3
Equity Ratio 63%
Return on Equity -2.4%
Employees 581
Production (tonnes) 312.629



Gunnar Guðlaugsson is Norðurál’s Managing Director. Board members in 2020 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 2020

Financial Statement 2019

Financial Statement 2018

Financial Statement 2017