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Report for the Fourth Quarter and Year Ended December 31, 2016

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This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) and its consolidated subsidiaries for the fourth quarter and year ended December 31, 2016.

Financial highlights

  • Sales revenue for the fourth quarter of 2016 amounted to 17,826 MSEK compared to 14,079 MSEK in the fourth quarter of 2015.
  • EBITDA1 for the fourth quarter of 2016 amounted to 1,879 MSEK compared to -13 MSEK in the fourth quarter of 2015.
  • Adjusted EBITDA1 for the fourth quarter of 2016 amounted to 1,314 MSEK compared to 748 MSEK in the fourth quarter of 2015.
  • Operating profit for the fourth quarter of 2016 amounted to 1,623 MSEK compared to an operating loss of 273 MSEK in the fourth quarter of 2015.
  • Net loss for the fourth quarter of 2016 amounted to 924 MSEK compared to a net loss of 1,127 MSEK in the fourth quarter of 2014.
  • Cash flow from operating activities for the fourth quarter of 2016 was 1,406 MSEK compared to cash flow used in operating activities of 193 MSEK in the fourth quarter of 2015.
  • Weighted refining margin for the fourth quarter of 2016 was 6.14 $/bbl compared to 4.31 $/bbl in the fourth quarter of 2015.

An international conference call for investors and analysts will be held on March 20, 2017 at 3:00 pm CET. The call-in number is +46 8 5052 0110 meeting code: is Preem.

The Annual Report 2016 for Corral Petroleum Holdings will be released on April 27, 2017. The report for the first quarter of 2017 will be released on May 30, 2017.

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