11 May 2016

Q1 above consensus

HELLENiQ ENERGY Holdings S.A. (0K9U:LON) | 0 0 0.0%

- Marzio Foa
- 2 pages

Q4 adjusted EBITDA was €169m (vs. €205m in Q1 15), above consensus expectations. By division: 1) Refining: EBITDA was €137m (-21% yoy). Net production was flat yoy, at 3.5mt. The benchmark margin stood at $4.8/bbl (flat qoq; vs. $6.4/bbl in Q1 15) and the additional margin was at $5.4/bbl (Q1 15: $6.2/bbl); 2) Petrochemicals: adj. EBITDA was €25m (+29 yoy); 3) Marketing: adj. EBITDA at €11m (vs. €14m in Q1 15). The adjusted net income came in at €70m (+30% y ....

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Q1 above consensus

HELLENiQ ENERGY Holdings S.A. (0K9U:LON) | 0 0 0.0%

Published: 11 May 2016
Author: Marzio Foa
Pages: 2

Q4 adjusted EBITDA was €169m (vs. €205m in Q1 15), above consensus expectations. By division: 1) Refining: EBITDA was €137m (-21% yoy). Net production was flat yoy, at 3.5mt. The benchmark margin stood at $4.8/bbl (flat qoq; vs. $6.4/bbl in Q1 15) and the additional margin was at $5.4/bbl (Q1 15: $6.2/bbl); 2) Petrochemicals: adj. EBITDA was €25m (+29 yoy); 3) Marketing: adj. EBITDA at €11m (vs. €14m in Q1 15). The adjusted net income came in at €70m (+30% y ....