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Nynas' net sales grew to 7,019SEK million (6,500) for the third quarter and to 17,537 SEK million (14,816) for the first nine months of 2014. EBITDA (excl. non-recurring items) amounted to 515 SEK million (356) in Q3 and to 991 SEK million (420) for the first nine months. Both Bitumen and Naphthenics have contributed to this positive development as well as the savings from the company's efficiency program.
"Third quarter results have exceeded our expectations and have confirmed the positive trend of our business already shown in the first half of this year. The nine month operational result before non-recurring items has been the best in 4 years and underpins the strong recovery of Nynas," commented Gert Wendroth, President and CEO of Nynas AB.
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Hans Östlin Communications Director Nynas AB Email: email@example.com Tel.: +46 (0)708 93 19 75
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