Report for the Second Quarter Ended June 30, 2017

This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) and its consolidated subsidiaries for the second quarter of 2017.

Financial highlights – Second Quarter 2017

  • Sales revenue for the second quarter of 2017 amounted to 15,112 MSEK compared to 12,524 MSEK in the second quarter of 2016.
  • EBITDA for the second quarter of 2017 amounted to 428 MSEK compared to 1,355 MSEK in the second quarter of 2016.
  • Adjusted EBITDA1for the second quarter of 2017 amounted to 614 MSEK compared to 624 MSEK in the second quarter of 2016.
  • Operating profit for the second quarter of 2017 amounted to 181 MSEK compared to 1,107 MSEK in the second quarter of 2016.
  • Net profit for the second quarter of 2017 amounted to 38 MSEK compared to a net profit 189 MSEK in the second quarter of 2016.
  • Cash flow from operating activities for the second quarter of 2017 was 71 MSEK compared to cash flow used in operating activities of -516 MSEK in the second quarter of 2016.
  • Weighted refining margin for the second quarter of 2017 was 4.90 $/bbl compared to 4.50 $/bbl in the second quarter of 2016.

An international conference call for investors and analysts will be held on August 31 2017 at 3:00 pm CET. The call-in number is +46 8 5052 0110 meeting code: Preem.

The report for the third quarter and nine months ending September 30, 2017 will be released on November 27, 2017.


For further information, please contact:

Amelie Wilson                                                            
Investor Relations Manager                                          
Tel: + 46-10-450 10 21                                                
Email: amelie.wilson@preem.se                                    

About Us

We are the largest oil refining company in the Nordic region in terms of capacity. We conduct our business through our wholly owned operating company, Preem, which operates its business through two segments, a Supply and Refining segment and a Marketing and Sales segment. We refine crude oil in Sweden and then market and sell refined products primarily in Sweden and other northwestern European markets, including Scandinavia, France, Germany and the United Kingdom, as well as the United States and, to a lesser extent, other markets.