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Nynas reports fourth quarter and full year results 2014

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Nynas’ full year operating result before non-recurring items amounted to SEK 1,336 million (533) and net income turned positive again with SEK 279 million (-305). “2014 has been a good year for Nynas. Following two years with negative results, we managed to turn around our business performance in 2014,” commented Gert Wendroth, President and CEO of Nynas.

FOURTH QUARTER SUMMARY

  • Net sales increased to SEK 4,985 million (4,711) mainly due to the positive impact from a weaker Swedish krona.
  • Operating result before depreciation (EBITDA) and excluding non-recurring items reached SEK 345 million (113), including unrealized hedge gains of SEK 489 million (-25) and a write down of the inventory with SEK -219 million (0).

FULL YEAR SUMMARY

  • Net sales increased to SEK 22,522 million (19,527), positively impacted by increased volumes in bitumen and the exchange rate effect of a weaker Swedish krona.
  • Operating result before depreciation (EBITDA) and excluding non-recurring items increased to SEK 1,336 million (533), including unrealized hedge gains of SEK 510 million (- 14) and inventory write downs of SEK -219 million (0).
  • Cash flow from operating activities increased to SEK 534 million (174).
  • Net income was positive with SEK 279 million (-305).


For further information please contact:

Hans Östlin, Communications Director Nynas AB
Email: hans.ostlin@nynas.com
Tel.: +46 (0)708 93 19 75

www.nynas.com

The information is submitted for publication on 27 February at 08:00 CET.

Nynas is a different kind of oil company
Our business is specialised oil applications – we use oil to create sustainable value. Within our field of specialisation, we’re a world leader. We have 950 employees; we maintain production facilities in Europe and South America and have offices in more than 30 countries. All this generates approximately € 2.2 billion in turnover. We collaborate with our customers to continuously improve their products and processes through the unique properties of our specialty oils. That’s what we call – Taking oil further.

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