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Nynas sales of naphthenic specialty oils increased in Europe and in the Americas in the first quarter of 2016. Net income amounted to SEK 96 million (-110) while lower crude oil prices explained the net sales decrease to SEK 2,210 million (3,208). The takeover of the Harburg refinery was completed, with 157 employees joining Nynas.
"Good demand for naphthenic specialty oils and a slower start into the bitumen season marked the normal seasonally weak first quarter. With bitumen volumes in the first three months only representing around 10 percent of the yearly volume, the first quarter results provide only limited information regarding Nynas' underlying performance," commented Gert Wendroth, President and CEO of Nynas AB.
For further information, please contact:
Communications Director Nynas AB
Tel: +46 (0)708 93 19 75