Nynas reports second quarter 2017
Sales volumes increased both in the second quarter and the first six months. Operating result before depreciation (EBITDA) amounted to SEK 360 million (111).
“Demand remained robust for naphthenic specialty oils in the second quarter and was particularly strong for bitumen in Europe given the road infrastructure programs running in various countries,” commented Gert Wendroth, President and CEO of Nynas AB.
SECOND QUARTER SUMMARY
- Total product sales volumes increased by 2 per cent compared to the second quarter 2016.
- Net sales increased to SEK 4,381 million (3,318), as a consequence of higher oil prices and higher sales volumes compared to the second quarter of 2016.
- Operating result before depreciation (EBITDA) amounted to SEK 360 million (111).
- Nynas has successfully issued additional senior unsecured bonds of SEK 450 million within its existing bond loan now utilising the total frame amount of SEK 1.1 billion with a final maturity date in June 2018.
For further information, please contact:
Hans Östlin, Communications Director Nynas AB
Tel.: +46 (0)708 93 19 75
The information is submitted for publication on August 25, 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.