News from Nynas

Nynas reports first quarter 2015

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.

First Quarter Summary

  • Net sales decreased to SEK 3,208 million (4,160), negatively impacted by the dramatic drop in oil price continuing in January.
  • Total volume excluding fuel was unchanged. Volume increased in Naphthenics and Bitumen, compensating for the lost volume from the closure of the Continental Europe bitumen business.
  • Operating result before depreciation (EBITDA) excluding non-recurring items amounted to SEK 14 million (75).
  • Net income was as expected negative with SEK -110 million (-90) due to the normal seasonal impact from the bitumen market.

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 Q1, 2015

The information is submitted for publication on 13 May, 2015 at 08:00 CET.

Further reading

Nynas reports fourth quarter and full year results 2016

Nynas increased its sales volumes in the fourth quarter by 3 per cent compared to previous year. The operating result for the quarter (EBITDA) amounted to SEK 44 million (265) and for the full year to SEK 1009 million (1265). Net income for 2016 was positive with SEK 75 million (346). The key activity in 2016 was the takeover of Harburg Refinery North on January 1, with the distillation unit in operation since August.

Read more about Nynas reports fourth quarter and full year results 2016

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.

Read more about Nynas reports third quarter 2016

Nynas reports second quarter 2016

In the second quarter, sales volumes for naphthenic specialty oils and bitumen increased with 4 percent compared to last year. Net sales for the second quarter were SEK 3,318 million (4,907) as a consequence of primarily lower oil price levels and a weaker British pound. The majority of our activities focused on the Harburg refinery conversion project.

Read more about Nynas reports second quarter 2016