Nynas news

02/05/2018 08:00


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).

"Stable demand for naphthenic specialties and a very slow start into the bitumen season due to the weather conditions in Northern Europe marked the first quarter 2018. Given the seasonality of our business with bitumen volumes in the first three months only representing around 10% of the yearly volume, the first quarter results only provide limited information regarding the underlying performance,” commented Gert Wendroth, President and CEO of Nynas AB.

First Quarter Summary 

  • Net sales increased to SEK 2,644 million (2,570), as a consequence of a 24 per cent higher oil price compared to the first quarter of 2017.
  • EBITDA amounted to SEK 84 million (151).
  • A new laboratory in Nynäshamn was opened in January for Nynas’ specialty oils in the tyre and industrial rubber product segments.

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 2018

Further reading

New CEO of Nynas

The Board of Nynas has today decided to appoint Bo Askvik, present CFO, as interim President and CEO of Nynas.

Read more about New CEO of Nynas

New Arctic oil

A trusted supplier of transformer oils for extremely low temperatures and severe weather conditions, Nynas has developed an Arctic grade oil that complies with the toughest climate conditions.

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The brains of Nynas: Rogier van Hoof

Head of Secondary Distribution since 2011, Rogier oversees and coordinates transport-related (when the product ends up on wheels) issues across the globe with suppliers, naphthenic affiliates and customers. He joined Nynas in 2005 as General Manager Naphthenics Benelux, after having worked for 20 years at a major French oil company. Rogier holds a Master’s degree in Business Management, and has also studied Mechanical Engineering. Find out what's on his mind.

Read more about The brains of Nynas: Rogier van Hoof