Nynas news

12/05/2017 08:00

Nynas reports first quarter 2017

Both the naphthenics and bitumen business showed a good start into the year even though the bitumen season in the Nordic countries had not started yet. Operating result before depreciation (EBITDA) amounted to SEK 151 million, compared to SEK 51 million last year adjusted for a one-off discontinued tolling agreement of SEK 262 million.

"After a difficult year in 2016 the first quarter of 2017 showed the first signs of improvement. Demand was strong for both the naphthenics and bitumen business and margins for our naphthenic specialty oils improved compared to last year," commented Gert Wendroth, President and CEO of Nynas AB.

First Quarter Summary 

  • Total product sales volumes increased by 8 per cent compared to the first quarter 2016.
  • Net sales for the first quarter reached SEK 2,570 million (2,210), as a consequence of higher oil price levels and higher sales volumes compared to the first quarter of 2016.
  • Operating result before depreciation (EBITDA) amounted to SEK 151 million (313). The first quarter of 2016 includes an income compensation of SEK 262 million for a discontinued tolling agreement.
  • Decision made to invest in a PMB plant and additional tank capacity in Drammen, Norway.

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 2017

Further reading

Nynas Annual Report 2017

Nynas AB today published the Annual Report 2017. It is available in the Investor relations section and a printed version is available on request.

Read more about Nynas Annual Report 2017

NYNAS REPORTS FIRST QUARTER 2018

Nynas’ sales increased to SEK 2,644 million (2,570) as a result of higher oil prices compared to the first quarter of 2017. Sales volumes decreased by 15 per cent compared to the first quarter 2017 due to a late start of the bitumen season. EBITDA amounted to SEK 84 million (151).

Read more about NYNAS REPORTS FIRST QUARTER 2018

Nynas reports fourth quarter and full year results 2017

Nynas increased its sales volumes by 5 per cent in the fourth quarter and by 7 per cent for the full year, compared to 2016. The operating result for the quarter (EBITDA) amounted to SEK 396 million (44) and for the full year to SEK 1,218 million (1,009).

Read more about Nynas reports fourth quarter and full year results 2017