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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.
"Given the seasonality of our bitumen business, the first quarter results only have limited informative value for Nynas' underlying business performance. In total, our volumes were unchanged. We have managed to compensate for the lost volumes from the closure of our Continental Europe bitumen business, thanks to the increased naphthenic volumes and also increased volumes for bitumen in spite of the winter season," commented Gert Wendroth, President and CEO of Nynas AB.
Hans Östlin Communications Director Nynas AB Email: email@example.com Tel.: +46 (0)708 93 19 75
The information is submitted for publication on 13 May, 2015 at 08:00 CET.
Head of Secondary Distribution since 2011, Rogier oversees and coordinates transport-related (when the product ends up on wheels) issues across the globe with suppliers, naphthenic affiliates and customers. He joined Nynas in 2005 as General Manager Naphthenics Benelux, after having worked for 20 years at a major French oil company. Rogier holds a Master’s degree in Business Management, and has also studied Mechanical Engineering. Find out what's on his mind.Read more about The brains of Nynas: Rogier van Hoof