Q4 adjusted EBITDA came in at €170m (-21% yoy), slightly below the consensus expectations. The figures are mainly due to the benchmark margin sliding from its peak level (Q3 17) based on rising oil prices. FY operating cash flow (adjusted EBITDA – capex) was €625m (+3% yoy), and net debt remained at €1.8bn FY 17 capex amounted to €209m, mainly for refining maintenance. Capex for 2018 is expected to be €175m, which should be used to focus on growth project opport
23 Feb 2018
Refining production ramp-up
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Refining production ramp-up
HELLENiQ ENERGY Holdings S.A. (0K9U:LON) | 0 0 0.0%
- Published:
23 Feb 2018 -
Author:
Marzio Foa -
Pages:
2
Q4 adjusted EBITDA came in at €170m (-21% yoy), slightly below the consensus expectations. The figures are mainly due to the benchmark margin sliding from its peak level (Q3 17) based on rising oil prices. FY operating cash flow (adjusted EBITDA – capex) was €625m (+3% yoy), and net debt remained at €1.8bn FY 17 capex amounted to €209m, mainly for refining maintenance. Capex for 2018 is expected to be €175m, which should be used to focus on growth project opport