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August 02, 2015 6:51 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Nynas AB

Company Overview

Nynas AB (Publ), through its subsidiaries, produces and markets specialty oil products in the Nordic region, Europe, the Americas, and internationally. The company offers naphthenic specialty oils, such as transformer oils for insulation and cooling of power and distribution transformers; oils for manufacturing various types of synthetic rubber and compounds to make car tires; oils for chemical and technical applications, including adhesives and printing inks; and base oils as a component in cutting fluids for metal-working, hydraulic oils, greases, and other industrial lubricants. It also provides bitumen binders for use in asphalt applications in construction and maintenance of motorways, ...

Lindetorpsvägen 7

Johanneshov,  121 63

Sweden

Founded in 1928

819 Employees

Phone:

46 86 02 12 00

Key Executives for Nynas AB

Chief Executive Officer and President
Age: 57
Chief Financial Officer
Age: 57
Managing Director of Denmark and Managing Director of Norway
Head of Marketing Communications Bitumen
Director of Communications
Age: 54
Compensation as of Fiscal Year 2015.

Nynas AB Key Developments

Nynas AB to Report Fiscal Year 2014 Results on May 28, 2015

Nynas AB announced that they will report fiscal year 2014 results on May 28, 2015

Nynas AB Reports Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2015

Nynas AB reported unaudited consolidated and parent earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s consolidated net sales amounted to SEK 3,208 million compared to SEK 4,160 million a year ago. Net sales were impacted negatively by the dramatic drop in oil price from quarter four 2014 continuing in January, and by the closure of the Nynas NV Continental Europe bitumen business. Operating result before depreciation (EBITDA) was SEK 14 million compared to SEK 75 million a year ago. Cash flow used in operating activities was SEK 770 million compared to SEK 313 million a year ago. Capital expenditures were SEK 213 million compared to SEK 162 million a year ago. Net debt was SEK 4,404 million compared to SEK 3,836 million a year ago. Return on average capital employed (12 months rolling) was 12.0% compared to SEK 3.7% a year ago. Net loss before tax was SEK 157 million compared to SEK 98 million a year ago. Operating result was SEK 89 million compared to SEK 37 million a year ago. Net loss attributable to owners of the parent company was SEK 102 million compared to SEK 97 million a year ago. For the quarter, the company’s parent net sales were SEK 2,693 million compared to SEK 3,797 million a year ago. Operating loss was SEK 188 million compared to SEK 53 million a year ago. Net loss before tax was SEK 334 million compared to SEK 123 million a year ago. Net loss for the year/period was SEK 261 million compared to SEK 135 million a year ago.

Nynas AB Reports Group and Parent Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Nynas AB reported group and parent earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, on group basis, the company reported net sales of SEK 4,985 million against SEK 4,711 million a year ago. Operating income was SEK 264 million against operating loss of SEK 150 million a year ago. Net profit before tax was SEK 166 million against net loss before tax of SEK 224 million a year ago. Net income for the period was SEK 136 million against net loss for the period of SEK 247 million a year ago. Income attributable to owners of the parent company was SEK 73 million against loss of SEK 242 million a year ago. Cash flow from operating activities was SEK 849 million against SEK 1,199 million a year ago. Acquisition of tangible fixed assets was SEK 150 million against SEK 88 million a year ago. Acquisition of intangible assets was SEK 9 million against SEK 2 million a year ago. Net sales were increased mainly due to the positive impact from a weaker Swedish krona. EBITDA excluding non-recurring items amounted was driven by a stable underlying business compared with the equivalent period last year but affected by the dramatic drop in oil price giving a write down in inventory of SEK 219 million offset by unrealized gains on oil derivatives of SEK 489 million. Operating result (EBITDA) was SEK 345 million against SEK 113 million a year ago. EBIT after non-recurring items was SEK 265 million against LBIT after non-recurring items of SEK 150 million a year ago. For the year, on group basis, the company reported net sales of SEK 22,522 million against SEK 19,527 million a year ago. Operating income was SEK 774 million against operating loss of SEK 22 million a year ago. Net profit before tax was SEK 466 million against net loss before tax of SEK 286 million a year ago. Net income for the period was SEK 279 million against net loss for the period of SEK 305 million a year ago. Income attributable to owners of the parent company was SEK 207 million against loss of SEK 339 million a year ago. Cash flow from operating activities was SEK 534 million against SEK 174 million a year ago. Acquisition of tangible fixed assets was SEK 537 million against SEK 221 million a year ago. Acquisition of intangible assets was SEK 9 million against SEK 6 million a year ago. Net sales were increased positively impacted by increased volumes in bitumen and the exchange rate effect of a weaker Swedish krona. Capital expenditures were SEK 546 million against SEK 227 million a year ago. Net debt was SEK 3,421 million compared to SEK 3,406 million a year ago. Operating result (EBITDA) was SEK 1,336 million against SEK 533 million a year ago. EBIT after non-recurring items was SEK 775 million against LBIT after non-recurring items of SEK 21 million a year ago. For the quarter, on parent basis, the company reported net sales of SEK 4,370 million against SEK 3,032 million a year ago. Operating result was SEK 274 million against operating loss of SEK 76 million a year ago. Profit before tax was SEK 501 million against SEK 212 million a year ago. Profit for the period tax was SEK 377 million against SEK 261 million a year ago. For the full year, on parent basis, the company reported net sales of SEK 18,401 million against SEK 14,800 million a year ago. Operating result was SEK 557 million against operating loss of SEK 342 million a year ago. Profit before tax was SEK 638 million against SEK 47 million a year ago. Profit for the period tax was SEK 542 million against SEK 94 million a year ago.

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