IR News

18/11/2016 08:00

Nynas reports third quarter 2016

In the third quarter, sales volumes for naphthenic specialty oils and bitumen increased with 2 percent compared to last year. Net sales for the second quarter were SEK 3,813 million (4,992) as a consequence of primarily lower oil price levels and a weaker British pound.

Third quarter summary

  • Net sales decreased to SEK 3,813 million (4,992), as a consequence of lower crude oil prices
  • and a weaker British pound.
  • Operating result before depreciation (EBITDA) amounted to SEK 541 million (726).
  • Net income amounted to SEK 178 million (409).
  • Harburg North side distillation unit in operation since the first week of August.

"The third quarter was a difficult one for Nynas and financial performance remained below expectations. This is due to lower margins and the effects of the delayed Harburg refinery start-up becoming fully visible. However, in line with our strategy, we managed to grow the overall sales volumes of naphthenic specialty oils with 8% above the equivalent period in 2015," commented Gert Wendroth, President and CEO of Nynas AB.

For further information, please contact:
Hans Östlin, Communications Director Nynas AB
Tel.: +46 (0)708 93 19 75

Nynas Quarterly Report Q3 2016