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Release of Report for Q2 2018

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Report for the Second Quarter Ended June 30, 2018

FOR IMMEDIATE RELEASE

Date: August 29, 2018

Stockholm

This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) (“Corral Petroleum Holdings”) and its consolidated subsidiaries, for the second quarter of 2018 and for the comparative periods in 2017 and for the other periods indicated. Note that due to the rounding of figures in the tables to the nearest SEK million (MSEK), the sum is not always exactly equal to the sum of all components.

Financial Highlights – Second Quarter 2018

  • Sales revenue for the second quarter of 2018 amounted to 23,401 MSEK compared to 15,112 MSEK in the second quarter of 2017.
  • EBITDA[1] for the second quarter of 2018 amounted to 1,670 MSEK compared to 428 MSEK in the second quarter of 2017.
  • Adjusted EBITDA[1] for the second quarter of 2018 amounted to 847 MSEK compared to 614 MSEK in the second quarter of 2017.
  • Operating profit for the second quarter of 2018 amounted to 1,413 MSEK compared to an operating profit of 181 MSEK in the second quarter of 2017.
  • Net profit for the second quarter of 2018 amounted to 362 MSEK compared to a net profit of 38 MSEK in the second quarter of 2017.
  • Cash flow from operating activities for the second quarter of 2018 amounted to -1,197 MSEK compared cash flow from operating activities of 71 MSEK in the second quarter of 2017.
  • Weighted refining margin for the second quarter of 2018 was 4.65 $/bbl compared to 4.90 $/bbl in the second quarter of 2017.

[1] For a reconciliation of our operating profit to EBITDA and EBITDA to Adjusted EBITDA, please see the financial statements section on page 14.

An international conference call for investors and analysts will be held on September 4, 2018 at 3:00 pm CET.

The dial-in number is: Standard International Access +44 (0) 20 3003 2666, Stockholm+46 (0) 8 50520424, Berlin +49 (0) 30 3001 90612, Copenhagen +45 3272 9273, New York +1 646 843 4608, Norway Local Oslo +47 2 156 3318, Paris +33 (0) 1 7037 7166, Rome +39 06 83360400, Washington DC Local number +1 202 204 1514. The meeting code is Corral Q2.

The report for Q3 2018 will be released November 26, 2018.

For further information, please contact:
Magdalena Patrón
Investor Relations Manager
Tel: + 46 (0)10-450 10 00
Email: magdalena.patron@preem.se

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preem Quarter report corral petroleum

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