Q4 adjusted EBITDA was €184m (+8% yoy), above consensus expectations. By division: 1) Refining: EBITDA came in at €144m (+8% yoy). Net production rose by 3% yoy, to 3.7 mt. The benchmark margin was $4.8/bbl (vs. $4.0/bbl in Q4 14) and the additional margin was $4.7/bbl (Q4 14: $6.9/bbl); 2) Petrochemicals: adj. EBITDA was €25m (flat yoy); 3) Marketing: adj. EBITDA at €17m (+15% yoy). The adjusted net income came in at €65m (+24% yoy), above consensus. Inventory losses
25 Feb 2016
Domestic demand driven by heating; framework agreement with Iran
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Domestic demand driven by heating; framework agreement with Iran
HELLENiQ ENERGY Holdings S.A. (0K9U:LON) | 0 0 0.0%
- Published:
25 Feb 2016 -
Author:
Marzio Foa -
Pages:
2
Q4 adjusted EBITDA was €184m (+8% yoy), above consensus expectations. By division: 1) Refining: EBITDA came in at €144m (+8% yoy). Net production rose by 3% yoy, to 3.7 mt. The benchmark margin was $4.8/bbl (vs. $4.0/bbl in Q4 14) and the additional margin was $4.7/bbl (Q4 14: $6.9/bbl); 2) Petrochemicals: adj. EBITDA was €25m (flat yoy); 3) Marketing: adj. EBITDA at €17m (+15% yoy). The adjusted net income came in at €65m (+24% yoy), above consensus. Inventory losses