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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 has successfully issued additional senior unsecured bonds of SEK 450 000 000 within its existing bond loan (ISIN SE0005994167) with a total frame amount of SEK 1 100 000 000 and final maturity date in June 2018.Read more about Nynas successfully issues additional bonds of SEK 450 million
Ysmel Serrano is appointed new chairman of the Board and Conrad Keijzer is appointed new member of the Board.Read more about New members in the Nynas Board of Directors