Nynas reports first quarter 2018
Nynas’ sales increased to SEK 2,644 million (2,570) as a result of higher oil prices compared to the first quarter of 2017. Sales volumes decreased by 15 per cent compared to the first quarter 2017 due to a late start of the bitumen season. EBITDA amounted to SEK 84 million (151).
“Stable demand for naphthenic specialties and a very slow start into the bitumen season due to the weather conditions in Northern Europe marked the first quarter 2018. Given the seasonality of our business with bitumen volumes in the first three months only representing around 10% of the yearly volume, the first quarter results only provide limited information regarding the underlying performance,” commented Gert Wendroth, President and CEO of Nynas AB.
FIRST QUARTER SUMMARY
- Net sales increased to SEK 2,644 million (2,570), as a consequence of a 24 per cent higher oil price compared to the first quarter of 2017.
- EBITDA amounted to SEK 84 million (151).
- A new laboratory in Nynäshamn was opened in January for Nynas’ specialty oils in the tyre and industrial rubber product segments.
For further information, please contact:
Hans Östlin, Communications Director Nynas AB
Tel.: +46 (0)708 93 19 75
www.nynas.com The information is submitted for publication on May 2, 08:00 CET.
Nynas is a different kind of oil company – we want to use oil, not burn it.
With around 1000 employees, production facilities in Europe and South America as well as offices in over 30 countries, Nynas is dedicated to researching, producing and supplying specialty naphthenic oils and bitumen for a growing global market. Together with our customers, we have the know-how to find new applications and meet new challenges that can help shape society.
We take oil further to bring value to customers and the world we live in.