IR News

10/11/2017 08:02

Nynas reports third quarter 2017

Sales volumes increased with 10 per cent in the third quarter. The operating result (EBITDA) amounted to SEK 311 million (541), negatively impacted by a weaker USD and sourcing limitations primarily in the Americas.

"The third quarter was disappointing for Nynas with financial performance below expectations and previous year even though sales continued to develop positively," commented Gert Wendroth, President and CEO of Nynas AB.

Third quarter summary

  • Total product sales volumes increased by 10 per cent compared to the third quarter 2016.
  • Net sales increased to SEK 4,538 million (3,813), as a consequence of higher oil prices and higher sales volumes compared to the third quarter of 2016.
  • Operating result before depreciation (EBITDA) amounted to SEK 311 million (541), negatively impacted by a weaker USD and sourcing limitations primarily in the Americas.
  • Inventory volume unchanged but value increased due to 14 per cent higher oil price levels.

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

Nynas Quarterly Report Q3 2017