News from Nynas

13/05/2016 08:00

Nynas reports first quarter 2016

Nynas sales of naphthenic specialty oils increased in Europe and in the Americas in the first quarter of 2016. Net income amounted to SEK 96 million (-110) while lower crude oil prices explained the net sales decrease to SEK 2,210 million (3,208). The takeover of the Harburg refinery was completed, with 157 employees joining Nynas.

"Good demand for naphthenic specialty oils and a slower start into the bitumen season marked the normal seasonally weak first quarter. With bitumen volumes in the first three months only representing around 10 percent of the yearly volume, the first quarter results provide only limited information regarding Nynas' underlying performance," commented Gert Wendroth, President and CEO of Nynas AB.

FIRST QUARTER SUMMARY

  • Net sales decreased to SEK 2,210 million (3,208), as a consequence of lower crude oil prices compared to the first quarter 2015.
  • Operating result before depreciation (EBITDA) amounted to SEK 313 million (14), including an income compensation of SEK 262 million (0) for a discontinued tolling agreement.
  • Net income amounted to SEK 96 million (-110).
  • Successful completion of the takeover of the Harburg refinery, 1st of January 2016.
  • At the end of April Nynas signed a new five-year un-secured EUR 650 million credit facilities agreement with a consortium of six Nordic and international banks.

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 2016

Further reading

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.

Read more about Nynas reports third quarter 2017

Nynas reports second quarter 2017

Sales volumes increased both in the second quarter and the first six months.Operating result before depreciation (EBITDA) amounted to SEK 360 million (111).

Read more about Nynas reports second quarter 2017

Nynas publishes bond prospectus and applies for listing of its corporate bonds

On 18 May 2017, Nynas AB announced that the company will issue additional senior unsecured bonds of SEK 450 000 000 within its existing bond loan (ISIN SE0005994167) within a total frame amount of SEK 1 100 000 000 with issue date on 26 May 2017 and a final maturity date in June 2018.

Read more about Nynas publishes bond prospectus and applies for listing of its corporate bonds