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.
"A project such as the Harburg conversion always comes with a number of risks. During the first half of the year we discovered some unforeseen challenges and we could not complete the work for a start-up in time for the summer bitumen season, leading also to some supply shortages for individual specialty oil products. However, the distillation unit in Harburg is now up and running since the first week of August and we expect product supply to gradually normalise," commented Gert Wendroth, President and CEO of Nynas AB.
SECOND QUARTER SUMMARY
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