Nynas news

25/08/2017 08:00

Nynas reports second quarter 2017

Sales volumes increased both in the second quarter and the first six months.Operating result before depreciation (EBITDA) amounted to SEK 360 million (111).

“Demand remained robust for naphthenic specialty oils in the second quarter and was particularly strong for bitumen in Europe given the road infrastructure programs running in various countries,” commented Gert Wendroth, President and CEO of Nynas AB.

Second quarter summery

  • Total product sales volumes increased by 2 per cent compared to the second quarter 2016.
  • Net sales increased to SEK 4,381 million (3,318), as a consequence of higher oil prices and higher sales volumes compared to the second quarter of 2016.
  • Operating result before depreciation (EBITDA) amounted to SEK 360 million (111).
  • Nynas has successfully issued additional senior unsecured bonds of SEK 450 million within its existing bond loan now utilising the total frame amount of SEK 1.1 billion with a final maturity date in June 2018.

 

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 2017

Further reading

Better roads = improved competitiveness

The upgrading and maintenance of road networks are effective tools for countries wishing to improve their competitiveness. Roberto Crotti from the World Economic Forum explains why.

Read more about Better roads = improved competitiveness

Keeping cool when it’s needed

Bitumen is handled at elevated temperatures. There are many important precautions that need to be taken to minimise the risk of burn injuries.

Read more about Keeping cool when it’s needed

Rheology rethink

A proposed new method for studying the rheology of bitumen and binders at low temperatures proves promising. Hilde Soenen explains the method’s potential.

Read more about Rheology rethink