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
01 Aug 2016
Crack spreads to stay under pressure in H2 16
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Crack spreads to stay under pressure in H2 16
SARAS S.p.A. - Raffinerie Sarde (S7A:FRA) | 0 0 0.4% | Mkt Cap: 1,544m
- 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