News from Nynas

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 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