Q2 2018 in short

Good profitability after a strong second quarter. Strong demand and rising oil prices contributed to a strong result and increased sales during the first six months of 2018.The refining margin has been strengthened gradually during the year. Margin for the second quarter of 2018 was $ 4.65 / barrel, compared with 3.94 for the first quarter. The accumulated margin for the first six months was $ 4.30 / barrel, a decrease compared to the unusually strong margins in the same period 2017 (5.23 USD / barrel). Market prices for diesel have strengthened margins compared with 2017, while the margins of gasoline and heavy oil have been comparatively weaker. 

 

YTD Q2 2018

Adjusted EBITDA

Profit before tax

Leverage

1,174

-375

3,2

MSEK

MSEK

%

 MSEK

Sales revenue

Net debt

Capital

expenditure

Q2 2018

44,010

15,095

964

Q2 2017

33,271

14,384

988

Change

32%

5%

-2%