Report for the Third Quarter Ended September 30, 2017

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

Financial highlights – Third Quarter 2017

  • Sales revenue for the third quarter of 2017 amounted to 16,325 MSEK compared to 13,964 MSEK in the third quarter of 2016.

  • EBITDA for the third quarter of 2017 amounted to 1,544 MSEK compared to 545 MSEK in the third quarter of 2016.

  • Adjusted EBITDA for the third quarter of 2017 amounted to 1,428 MSEK compared to 589 MSEK in the third quarter of 2016.

  • Operating profit for the third quarter of 2017 amounted to 1,297 MSEK compared to a profit of 295 MSEK in the third quarter of 2016.

  • Net profit for the third quarter of 2017 amounted to 971 MSEK compared to a net loss of 290 MSEK in the third quarter of 2016.

  • Cash flow from operating activities for the third quarter of 2017 amounted to 482 MSEK compared to 747 MSEK in the third quarter of 2016.

  • Weighted refining margin for the third quarter of 2017 was 6.85 $/bbl compared to 3.25 $/bbl in the third quarter of 2016.

An international conference call for investors and analysts will be held on December 4, 2017 at 3:00 pm CET. The call-in number is +46 8 5052 0110 meeting code: Preem.

The report for the fourth quarter and twelve months ending December 31, 2017 will be released on March 15, 2018.

For further information, please contact:
Amelie Wilson                                                            
Investor Relations Manager                                          
Tel: + 46 (0)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.