News from Nynas

Nynas reports fourth quarter and full year results 2015

Nynas increased sales volumes by 8 percent in 2015. Net income in 2015 increased to SEK 346 million (279). The key activity in the fourth quarter was the turnaround of the southern part of the Harburg refinery and the final takeover of the northern part, with another 157 employees joining Nynas.

"The final quarter showed a healthy performance with continued volume growth in both business areas. The full year result is mirroring the operational improvements done and confirming the 2014 turnaround," commented Gert Wendroth, President and CEO of Nynas AB.

Fourth quarter summary

  • Total sales volumes increased by 3 percent for comparable units compared to previous year.
  • Net sales decreased to SEK 3,141 million (4,985) as a consequence of 43 percent lower crude oil prices compared to last year.
  • Operating result (EBITDA) excluding non-recurring items amounted to SEK 265 million (345), including unrealized hedge result of SEK -8 million (488) and inventory write down of SEK -41 million (-219).
  • Strong seasonal cash flow from operations.

Full year summary

  • Total sales volumes increased by 8 percent for comparable units compared to previous year.
  • Net sales decreased to SEK 16,248 million (22,522), as a consequence of 47 percent lower crude oil price compared to last year.
  • Operating result (EBITDA) excluding non-recurring items amounted to SEK 1,265 million (1,336), including unrealised hedge result of SEK 76 million (510) and inventory write down of SEK -41 million (-219).
  • Cash flow from operating activities increased to SEK 1,763 million (534) mainly as an effect of lower crude oil price.
  • Net income was positive with SEK 346 million (279).

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 2015

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