The Q4 16 comparable EBITDA was €148m (vs. €130m in Q4 15), slightly above consensus estimates. By division: 1) Refining comparable EBITDA was €91m (+20% yoy). The EMC benchmark margin was at $3.5/bbl (vs. $3.1/bbl in Q4 15 and $2.0/bbl in Q3 16). The refinery run was 23.9mbbl (vs. 25.3mbbl in Q4 15) due the unplanned maintenance at the catalytic reforming unit in December. Saras’ additional margin was $4.0/bbl (vs. $3.5/bbl in Q4 15 and $2.5/bbl in Q3 16); 2) Marketing c
27 Feb 2017
Upbeat 2017-20 outlook
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Upbeat 2017-20 outlook
SARAS S.p.A. - Raffinerie Sarde (S7A:FRA) | 0 0 0.4% | Mkt Cap: 1,544m
- Published:
27 Feb 2017 -
Author:
Marzio Foa -
Pages:
3
The Q4 16 comparable EBITDA was €148m (vs. €130m in Q4 15), slightly above consensus estimates. By division: 1) Refining comparable EBITDA was €91m (+20% yoy). The EMC benchmark margin was at $3.5/bbl (vs. $3.1/bbl in Q4 15 and $2.0/bbl in Q3 16). The refinery run was 23.9mbbl (vs. 25.3mbbl in Q4 15) due the unplanned maintenance at the catalytic reforming unit in December. Saras’ additional margin was $4.0/bbl (vs. $3.5/bbl in Q4 15 and $2.5/bbl in Q3 16); 2) Marketing c