Nynas news

13/05/2015 08:00

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.

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