Report for the First Quarter Ended March 31, 2017
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This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) and its consolidated subsidiaries for the first quarter of 2017.
Financial highlights – First Quarter 2017
• Sales revenue for the first quarter of 2017 amounted to 18,159 MSEK compared to 11,726 MSEK in the first quarter of 2016.
• EBITDA1 for the first quarter of 2017 amounted to 1,429 MSEK compared to 1,022 MSEK in the first quarter of 2016.
• Adjusted EBITDA1 for the first quarter of 2017 amounted to 1,184 MSEK compared to 873 MSEK in the first quarter of 2016.
• Operating profit for the first quarter of 2017 amounted to 1,182 MSEK compared to 775 MSEK in the first quarter of 2016.
• Net profit for the first quarter of 2017 amounted to 728 MSEK compared to a net profit 395 MSEK in the first quarter of 2016.
• Cash flow from operating activities for the first quarter of 2017 was 1,227 MSEK compared to cash flow from operating activities of 2,650 MSEK in the first quarter of 2016.
• Weighted refining margin for the first quarter of 2017 was 5.49 $/bbl compared to 4.01 $/bbl in the first quarter of 2016.
An international conference call for investors and analysts will be held on June 1 2017 at 3:00 pm CET. The call-in number is +46 8 5052 0110 meeting code: Preem.
The report for the second quarter and six months ending June 30, 2017 will be released on August 29, 2017.