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

A versatile material

The world’s third most widely used synthetic plastic polymer, polyvinyl chloride (PVC), is used in a large variety of construction materials as well as in many other applications such as bottles, packaging and inflatables. By using Nynas naphthenic oils as an external lubricant additive in PVC, the material’s performance is significantly improved.

Read more about A versatile material

Sustainable development driving innovation

It is important to have both incentives and clear requirements to drive developments forwards and to make sure that the industry is making a positive contribution to sustainable development.

Read more about Sustainable development driving innovation

Moving ahead with biofuel

All of Nynas bitumen product transport operations in Sweden using road tankers now run virtually exclusively on biofuel.

Read more about Moving ahead with biofuel