13 Nov 2015

Q3 results reach a record

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

- Marzio Foa
- 2 pages

Q3 adjusted EBITDA came in at €220m (+63% yoy), below consensus expectations but above ours. By division: 1) Refining: EBITDA was €166m (+92% yoy). Net production rose by 3% yoy, to 3.4mt. The FCC margin averaged $7.3/bbl, at a high (flat qoq; Q3 14: $4.2/bbl), and Hydrocracking at $6.2/bbl (Q2 15: $5.8/bbl; Q3 14: $4.7/bbl); 2) Petrochemicals: adj. EBITDA was €26m (+32% yoy); 3) Marketing: adj. EBITDA was €47m (+15% yoy). Adjusted net income was €111m (€24m in Q ....

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Q3 results reach a record

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

Published: 13 Nov 2015
Author: Marzio Foa
Pages: 2

Q3 adjusted EBITDA came in at €220m (+63% yoy), below consensus expectations but above ours. By division: 1) Refining: EBITDA was €166m (+92% yoy). Net production rose by 3% yoy, to 3.4mt. The FCC margin averaged $7.3/bbl, at a high (flat qoq; Q3 14: $4.2/bbl), and Hydrocracking at $6.2/bbl (Q2 15: $5.8/bbl; Q3 14: $4.7/bbl); 2) Petrochemicals: adj. EBITDA was €26m (+32% yoy); 3) Marketing: adj. EBITDA was €47m (+15% yoy). Adjusted net income was €111m (€24m in Q ....