01 Aug 2016

Crack spreads to stay under pressure in H2 16

- Marzio Foa
- 2 pages

Q2 16 comparable EBITDA came in at €134m (-14% yoy), in line with consensus expectations. Refining comparable EBITDA was €78m (-60% yoy). The EMC benchmark margin was $2.6/bbl (vs. $4.1/bbl in Q2 15 and $3.6/bbl in Q1 16). The refinery ran at 23.4mbbl (vs. 27.1 mbbl in Q2 15) due to maintenance on the distillation units (which were absent in Q2 15). Saras’ additional margin stood at $4.6/bbl (vs. $6.4/bbl in Q2 15 and $4.0/bbl in Q1 16); Marketing showed a small loss at ....

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Crack spreads to stay under pressure in H2 16

Saras S.p.A. (SAAFF:OTC) | 0 0 0.0%

Published: 01 Aug 2016
Author: Marzio Foa
Pages: 2

Q2 16 comparable EBITDA came in at €134m (-14% yoy), in line with consensus expectations. Refining comparable EBITDA was €78m (-60% yoy). The EMC benchmark margin was $2.6/bbl (vs. $4.1/bbl in Q2 15 and $3.6/bbl in Q1 16). The refinery ran at 23.4mbbl (vs. 27.1 mbbl in Q2 15) due to maintenance on the distillation units (which were absent in Q2 15). Saras’ additional margin stood at $4.6/bbl (vs. $6.4/bbl in Q2 15 and $4.0/bbl in Q1 16); Marketing showed a small loss at ....