News from Nynas

Nynas reports second quarter 2014

Nynas’ net sales grew to 6,364 SEK million (5,398) for the second quarter and to 10,491 SEK million (8,312) for the first six months of 2014. EBITDA (excl. non-recurring items) amounted to 402 SEK million (132) in Q2 and to 476 SEK million (63) for the first half year. Both business segments, Naphthenics and Bitumen, contributed to this positive development.

"Following two disappointing years, we are very proud to report significantly improved financial results for the first half of 2014. Even though the economic environment remained fragile with political tensions in many regions of the world, as well as volatile oil prices that impacted our raw material and finished product prices, we have seen positive developments in many of the markets we are active in," commented Gert Wendroth, President and CEO of Nynas AB.

Other important events, January - June 2014

  • Nynas takes on full control and responsibility for the base oil manufacturing plant at the Harburg refinery in Germany.
  • Nynas starts to convert its bitumen refinery in Dundee, Scotland, into a bitumen upgrading and distribution terminal.
  • A long-term contract is signed with the Linde Group for the on-site supply of hydrogen at Nynas' refinery in Harburg, Germany.
  • Gert Wendroth is appointed new President and CEO of the Nynas Group.
  • Nynas acquires a bitumen depot in Drammen, Norway.
  • Nynas successfully launches a four-year SEK 650 million corporate bond in order to refinance an existing US private placement with maturity in October 2014.

For further information please contact:
Hans Östlin Communications Director Nynas AB
Email: hans.ostlin@nynas.com Tel.: +46 (0)708 93 19 75

August 29, 2014, at 08:00 CET

Nynas Quarterly report Q2 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