Nynas news

10/11/2017 08:00

Nynas reports third quarter 2017

Sales volumes increased with 10 per cent in the third quarter. The operating result (EBITDA) amounted to SEK 311 million (541), negatively impacted by a weaker USD and sourcing limitations primarily in the Americas.

"The third quarter was disappointing for Nynas with financial performance below expectations and previous year even though sales continued to develop positively," commented Gert Wendroth, President and CEO of Nynas AB.

Third quarter summary

  • Total product sales volumes increased by 10 per cent compared to the third quarter 2016.
  • Net sales increased to SEK 4,538 million (3,813), as a consequence of higher oil prices and higher sales volumes compared to the third quarter of 2016.
  • Operating result before depreciation (EBITDA) amounted to SEK 311 million (541), negatively impacted by a weaker USD and sourcing limitations primarily in the Americas.
  • Inventory volume unchanged but value increased due to 14 per cent higher oil price levels.

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 Q3 2017

Further reading

Nynas launches process oil for low temperature ink production and silicone fluid replacement

By introducing NYFLEX® 2120B, a hydrotreated, very low viscosity naphthenic oil, Nynas is providing a process oil ideal for use as a printing ink distillate in heatset formulations, as well as a reliable and cost-efficient alternative to traditional silicone fluids.

Read more about Nynas launches process oil for low temperature ink production and silicone fluid replacement

Nynas launches metalworking and lubricants base oil compliant with FDA regulations

Pure and crystal clear, NYNAS® S 3B is the latest base oil that Nynas is adding to its portfolio. Distilled from selected crude streams with unrivalled know-how of high purification technology and hydrotreatment, the product is unique in the market.

Read more about Nynas launches metalworking and lubricants base oil compliant with FDA regulations

Sharing our experience to help our customers grow

When Nordic Sales Executive Iván Aguilera visited a new customer recently, he delivered a special edition drum containing NYNAS® T 22, a hydrotreated naphthenic base oil ideal for use in the formulation of metalworking fluids.

Read more about Sharing our experience to help our customers grow