August 18, 2017 5:06 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Nynas AB (publ)

Company Overview

Nynas AB (publ), through its subsidiaries, manufactures and sells specialty oil products in the Nordic region, rest of Europe, the Americas, and internationally. The company offers naphthenic specialty oils, such as transformer oils for insulation and cooling of power and distribution transformers; base oils for use as a component in cutting fluids for metalworking, as well as in greases and other industrial lubricants; and oils for manufacturing various types of synthetic rubber and compounds used to make car tires, as well as rubber plasticizing oils, plasticizers for TPE, adhesive plasticizers, printing ink oils, and process oils. It also provides bitumen binders for use in asphalt applic...

Lindetorpsvägen 7

Johanneshov

Stockholm,  121 63

Sweden

Founded in 1928

990 Employees

Phone:

46 86 02 12 00

Key Executives for Nynas AB (publ)

Chief Executive Officer and President
Age: 59
Chief Financial Officer
Age: 59
Managing Director of Denmark and Managing Director of Norway
Director of Communications
Age: 56
Director of Human Resources
Age: 60
Compensation as of Fiscal Year 2017.

Nynas AB (publ) Key Developments

Nynas AB Announces Audited Consolidated and Parent Company Earnings Results for the Full Year Ended December 31, 2016

Nynas AB announced audited consolidated and parent company earnings results for the full year ended December 31, 2016. For the full year, on consolidated basis net sales were SEK 12,525 million as compared to SEK 16,248 million for the same period last year. Net income before tax was SEK 105 million as compared to SEK 464 million for the same period last year. Cash flow used in operating activities was SEK 464 million compared to cash flow from operating activities of SEK 1,763 million for the same period last year. Operating result was SEK 368.3 million against SEK 737.6 million a year ago. Cash capital expenditures were SEK 1,055 million against SEK 1,483 million a year ago. Net debt was SEK 4,895 million compared to SEK 3,117 million a year ago. Return on equity was 2.0% against 8.1% a year ago. Loss attributable to shareholder of the parent company was SEK 161.3 million as compared to income of SEK 399.0 million for the same period last year. Net income for the year was SEK 74.9 million against SEK 346.5 million a year ago. Earnings per share were SEK 74.9 against SEK 1,109 a year ago. For the year, on parent basis, net sales were SEK 10,903 million compared to SEK 13,662.2 million a year ago. Operating income was SEK 35.8 million compared to loss of SEK 233.0 million a year ago. Net loss before tax was SEK 25.6 million compared to SEK 526.4 million a year ago. Net income for the period was SEK 21.3 million compared to loss of SEK 492.0 million a year ago. Cash flow from operating activities was SEK 1,632.2 million against SEK 690.7 million a year ago. Acquisition of intangible assets was SEK 10.0 million against SEK 23.0 million a year ago. Acquisition of tangible fixed assets was SEK 230.8 million against SEK 339.6 million a year ago.

Nynas AB Announces Executive Changes

Nynas AB announced that Ysmel Serrano appointed as new chairman of the Board, replacing Orlando Chacin. Ysmel Serrano is Vice President of Trade and Supply PDVSA. He is born in 1978 and his nationality is Venezuelan. Conrad Keijzer is appointed new member of the Board, replacing Michiel Boersma. Conrad Keijzer is Executive Board member for Akzo Nobel and responsible for Performance Coatings.

Nynas AB Reports Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2017

Nynas AB reported consolidated and parent earnings results for the first quarter ended March 31, 2017. For the quarter, on a consolidated basis, e company reported net sales of SEK 2,570 million against SEK 2,210 million a year ago. Operating result before depreciation (EBITDA) was SEK 151 million against SEK 313 million a year ago. Net loss was SEK 25 million against profit of SEK 96 million a year ago. Negative result after financial items was SEK 31 million compared to result after financial items of SEK 128 million a year ago. Cash flow used in operating activities was negative at SEK 918 million compared to SEK 550 million a year ago. Capital expenditures were SEK 54 million compared to SEK 478 million a year ago. Net debt was SEK 5,897 million compared to SEK 4,194 million a year ago. Return on average capital employed was 3.8% compared to 15.2% a year ago. For the quarter, on a parent basis, the company reported net sales of SEK 2,288 million compared to SEK 1,920 million a year ago. Operating results was SEK 13 million compared to SEK 102 million a year ago. Net loss before tax was SEK 48 million compared to net income before tax of SEK 108 million a year ago. Net loss for the year was SEK 38 million compared to net income of SEK 97 million a year ago.

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