News from Nynas

Nynas reports fourth quarter and full year results 2014

Nynas' full year operating result before non-recurring items amounted to SEK 1,336 million (533) and net income turned positive again with SEK 279 million (-305). "2014 has been a good year for Nynas. Following two years with negative results, we managed to turn around our business performance in 2014," commented Gert Wendroth, President and CEO of Nynas.

Fourth Quarter Summary

  • Net sales increased to SEK 4,985 million (4,711) mainly due to the positive impact from a weaker Swedish krona.
  • Operating result before depreciation (EBITDA) and excluding non-recurring items reached SEK 345 million (113), including unrealized hedge gains of SEK 489 million (-25) and a write down of the inventory with SEK -219 million (0).

Full Year Summary

  • Net sales increased to SEK 22,522 million (19,527), positively impacted by increased volumes in bitumen and the exchange rate effect of a weaker Swedish krona.
  • Operating result before depreciation (EBITDA) and excluding non-recurring items increased to SEK 1,336 million (533), including unrealized hedge gains of SEK 510 million (- 14) and inventory write downs of SEK -219 million (0).
  • Cash flow from operating activities increased to SEK 534 million (174).
  • Net income was positive with SEK 279 million (-305).

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 Q4 2014

Further reading

Nynas reports fourth quarter and full year results 2016

Nynas increased its sales volumes in the fourth quarter by 3 per cent compared to previous year. The operating result for the quarter (EBITDA) amounted to SEK 44 million (265) and for the full year to SEK 1009 million (1265). Net income for 2016 was positive with SEK 75 million (346). The key activity in 2016 was the takeover of Harburg Refinery North on January 1, with the distillation unit in operation since August.

Read more about Nynas reports fourth quarter and full year results 2016

Nynas reports third quarter 2016

In the third quarter, sales volumes for naphthenic specialty oils and bitumen increased with 2 percent compared to last year. Net sales for the second quarter were SEK 3,813 million (4,992) as a consequence of primarily lower oil price levels and a weaker British pound.

Read more about Nynas reports third quarter 2016

Nynas reports second quarter 2016

In the second quarter, sales volumes for naphthenic specialty oils and bitumen increased with 4 percent compared to last year. Net sales for the second quarter were SEK 3,318 million (4,907) as a consequence of primarily lower oil price levels and a weaker British pound. The majority of our activities focused on the Harburg refinery conversion project.

Read more about Nynas reports second quarter 2016