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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.
For further information, please contact:
Hans Östlin, Communications Director Nynas AB
Tel.: +46 (0)708 93 19 75
Nynas has successfully issued additional senior unsecured bonds of SEK 450 000 000 within its existing bond loan (ISIN SE0005994167) with a total frame amount of SEK 1 100 000 000 and final maturity date in June 2018.Read more about Nynas successfully issues additional bonds of SEK 450 million
Ysmel Serrano is appointed new chairman of the Board and Conrad Keijzer is appointed new member of the Board.Read more about New members in the Nynas Board of Directors