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
Tel.: +46 (0)708 93 19 75
The information is submitted for publication on November 10, 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.