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REPORT FOR THE THIRD QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2016

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This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) (“Corral Petroleum Holdings”) and its consolidated subsidiaries (the “Group”), for the third quarter and nine months ended September 30, 2016 and for the comparative periods in 2015.

Financial highlights

  • Sales revenue for the third quarter of 2016 amounted to 13,964 MSEK compared to 16,999 MSEK in the third quarter of 2015.
  • EBITDA for the third quarter of 2016 amounted to 545 MSEK compared to 991 MSEK in the third quarter of 2015.
  • Adjusted EBITDA for the third quarter of 2016 amounted to 589 MSEK compared to 1,889 MSEK in the third quarter of 2015.
  • Operating profit for the third quarter of 2016 amounted to 295 MSEK compared to an operating profit of 751 MSEK in the third quarter of 2015.
  • Net loss for the third quarter of 2016 amounted to 290 MSEK compared to a net loss of 200 MSEK in the third quarter of 2015.
  • Cash flow from operating activities for the third quarter of 2016 was 747 MSEK compared to 560 MSEK in the third quarter of 2015.
  • Weighted refining margin for the third quarter of 2016 was 3.25 $/bbl compared to 7.95 $/bbl in the third quarter of 2015.

An international conference call for investors and analysts will be held on December 5, 2016 at 4:00 pm CET. The call-in number is +46 8 5052 0110 and the meeting code is Preem.
The report for the fourth quarter and year ended December 31, 2016 will be released on March 16, 2017.

For further information, please contact

Gunilla Spongh
Tel: +46-10-450 17 35
Email: gunilla.spongh@preem.se

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