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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.
“Sales performance was good in the fourth quarter with naphthenic sales 7 per cent above previous year and strong bitumen sales towards the end of year due to mild winter weather. Going into 2017 we need to stabilise production in Harburg and gradually increase inventories to achieve our targeted customer service levels,” commented Gert Wendroth, President and CEO of Nynas AB.
FOURTH QUARTER SUMMARY
FULL YEAR SUMMARY
For further information, please contact:
Hans Östlin, Communications Director Nynas AB
Tel.: +46 (0)708 93 19 75
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).Read more about NYNAS REPORTS FIRST QUARTER 2018
Nynas increased its sales volumes by 5 per cent in the fourth quarter and by 7 per cent for the full year, compared to 2016. The operating result for the quarter (EBITDA) amounted to SEK 396 million (44) and for the full year to SEK 1,218 million (1,009).Read more about Nynas reports fourth quarter and full year results 2017