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.