Q2 15 results: adjusted EBITDA came in at €130m (vs. €49m in Q2 14), above consensus estimates of €122m. By division: 1) Refining production was affected by the shutdown following an accident (8 May, back to full availability on 25 June) at the Aspropyrgos refinery (2.2mt, -27% yoy), with utilisation at 63%. Exports were 1.2mt (-22% yoy). The €/$ rate was 1.11, the strongest dollar since 2003. The FCC margin averaged $7.3/bbl, a high (Q2 14: $2.6/bbl; Q1 15: $6.8/bbl), and
27 Aug 2015
Q2 results: back to full capacity to ride strong Q3 15 margins
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Q2 results: back to full capacity to ride strong Q3 15 margins
HELLENiQ ENERGY Holdings S.A. (0K9U:LON) | 0 0 0.0%
- Published:
27 Aug 2015 -
Author:
Marzio Foa -
Pages:
2
Q2 15 results: adjusted EBITDA came in at €130m (vs. €49m in Q2 14), above consensus estimates of €122m. By division: 1) Refining production was affected by the shutdown following an accident (8 May, back to full availability on 25 June) at the Aspropyrgos refinery (2.2mt, -27% yoy), with utilisation at 63%. Exports were 1.2mt (-22% yoy). The €/$ rate was 1.11, the strongest dollar since 2003. The FCC margin averaged $7.3/bbl, a high (Q2 14: $2.6/bbl; Q1 15: $6.8/bbl), and