News from Nynas

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

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