Q4 adjusted EBITDA was €215m (+17% yoy), above consensus expectations. By division: 1) Refining: EBITDA was €169m (+18% yoy). Net production was 3.7mt (flattish yoy) due to maintenance at Thessaloniki. The benchmark margin stood at $5.0/bbl (vs. $4.8/bbl in Q4 15) and the additional margin was $5.9/bbl (Q4 15: $4.7/bbl); 2) Petrochemicals: adjusted EBITDA came in at €25m (+1% yoy); 3) Marketing: adjusted EBITDA came in at €20m (vs. €17m in Q4 15). The adjusted net inc
23 Feb 2017
Q4 16 refining beats expectations
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Q4 16 refining beats expectations
HELLENiQ ENERGY Holdings S.A. (0K9U:LON) | 0 0 0.0%
- Published:
23 Feb 2017 -
Author:
Marzio Foa -
Pages:
2
Q4 adjusted EBITDA was €215m (+17% yoy), above consensus expectations. By division: 1) Refining: EBITDA was €169m (+18% yoy). Net production was 3.7mt (flattish yoy) due to maintenance at Thessaloniki. The benchmark margin stood at $5.0/bbl (vs. $4.8/bbl in Q4 15) and the additional margin was $5.9/bbl (Q4 15: $4.7/bbl); 2) Petrochemicals: adjusted EBITDA came in at €25m (+1% yoy); 3) Marketing: adjusted EBITDA came in at €20m (vs. €17m in Q4 15). The adjusted net inc