Q2 results: revenues were €2.7bn (-2% yoy), comp. EBITDA at €252m (€6m in Q2 14), above consensus at €200m. By division: 1) Refining comparable EBITDA was €196m (vs. -€58m in Q2 14), beating consensus at €138m (the highest estimate was €161m). The strong performance reflects the EMC Benchmark margin at $4.1/bbl (vs. -$1.5/bbl in Q2 14 and $4.0/bbl in Q1 15), with the plant running at maximum capacity (27.1 mbbl for the quarter, +19% yoy). Saras’ a
07 Aug 2015
Refining well above expectations in Q2
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Refining well above expectations in Q2
SARAS S.p.A. - Raffinerie Sarde (S7A:FRA) | 0 0 0.4% | Mkt Cap: 1,544m
- Published:
07 Aug 2015 -
Author:
Marzio Foa -
Pages:
2
Q2 results: revenues were €2.7bn (-2% yoy), comp. EBITDA at €252m (€6m in Q2 14), above consensus at €200m. By division: 1) Refining comparable EBITDA was €196m (vs. -€58m in Q2 14), beating consensus at €138m (the highest estimate was €161m). The strong performance reflects the EMC Benchmark margin at $4.1/bbl (vs. -$1.5/bbl in Q2 14 and $4.0/bbl in Q1 15), with the plant running at maximum capacity (27.1 mbbl for the quarter, +19% yoy). Saras’ a