Nynas increased sales volumes by 8 percent in 2015. Net income in 2015 increased to SEK 346 million (279). The key activity in the fourth quarter was the turnaround of the southern part of the Harburg refinery and the final takeover of the northern part, with another 157 employees joining Nynas.
Nynas sales volumes increased for Bitumen and Naphthenics combined by 6 percent. Oil prices were 50 percent lower explaining Nynas’ net sales decrease to SEK 4,992 million (7,019) for the third quarter of 2015.
Nynas' net sales decreased to SEK 4,907 million (6,364) for the second quarter of 2015, negatively impacted by the drop in oil price level compared to last year. The key event was the turnaround of the Nynäshamn refinery which was executed successfully and safely with no accidents being reported. Production was started again in May.
Nynas AB today published the 2014 Annual Report. It is available in the Investor relations section and a printed version is available on request.
Nynas' net sales amounted to SEK 3,208 million (4,160) for the first quarter of 2015. Volumes increased in both Naphthenics and Bitumen. Margins were somewhat depressed as Nynas still sells products manufactured with higher raw material costs compared to today.
Nynas' full year operating result before non-recurring items amounted to SEK 1,336 million (533) and net income turned positive again with SEK 279 million (-305). "2014 has been a good year for Nynas. Following two years with negative results, we managed to turn around our business performance in 2014," commented Gert Wendroth, President and CEO of Nynas.
Nynas' net sales grew to 7,019SEK million (6,500) for the third quarter and to 17,537 SEK million (14,816) for the first nine months of 2014. EBITDA (excl. non-recurring items) amounted to 515 SEK million (356) in Q3 and to 991 SEK million (420) for the first nine months. Both Bitumen and Naphthenics have contributed to this positive development as well as the savings from the company's efficiency program.
On June 26, 2014, Nynas announced that the company had issued a four-year SEK 650 million corporate bond. NASDAQ OMX Stockholm has now approved Nynas request to officially list the bond loan with effect from 2014-10-17. The instrument will be listed on STO Corporate Bonds. The trading code is NYN_001.
On June 26 2014, Nynas announced that the company had launched a four-year SEK 650 million corporate bond. The company has applied for listing of the bond on NASDAQ OMX Stockholm.
Nynas’ net sales grew to 6,364 SEK million (5,398) for the second quarter and to 10,491 SEK million (8,312) for the first six months of 2014. EBITDA (excl. non-recurring items) amounted to 402 SEK million (132) in Q2 and to 476 SEK million (63) for the first half year. Both business segments, Naphthenics and Bitumen, contributed to this positive development.
Nynas has launched a four-year SEK 650 million corporate bond in order to refinance an existing US private placement with maturity in October 2014.