News from Nynas

28/08/2015 09:39

Nynas reports second quarter 2015

Nynas' net sales decreased to SEK 4,907 million (6,364) for the second quarter of 2015, negatively impacted by the drop in oil price level compared to last year. The key event was the turnaround of the Nynäshamn refinery which was executed successfully and safely with no accidents being reported. Production was started again in May.

"The development during the first six months of 2015 has confirmed Nynas' recovery of last year. Despite the economic slowdown in China and the problems in South America's largest country, Brazil, sales volumes developed positively in both business areas Naphthenics and Bitumen," commented Gert Wendroth, President and CEO of Nynas AB.

Second Quarter Summary

  • Net sales decreased to SEK 4,907 million (6,364) as a consequence of lower oil prices compared to last year.
  • Bitumen volumes showed strong growth compensating for most of the lost volume from the closure of the Continental Europe bitumen business.
  • Operating result before depreciation (EBITDA) excluding non-recurring items for the second quarter amounted to SEK 260 million (402). It includes SEK -113 million (-36) of negative hedge effects.

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 Q2 2015

Further reading

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Read more about Nynas Annual Report 2016

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Read more about Nynas successfully issues additional bonds of SEK 450 million