Report for the Third Quarter Ended September 30, 2017

2017-11-27

This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) and its consolidated subsidiaries for the third quarter of 2017.

Financial highlights – Third Quarter 2017

  • Sales revenue for the third quarter of 2017 amounted to 16,325 MSEK compared to 13,964 MSEK in the third quarter of 2016.

  • EBITDA for the third quarter of 2017 amounted to 1,544 MSEK compared to 545 MSEK in the third quarter of 2016.

  • Adjusted EBITDA for the third quarter of 2017 amounted to 1,428 MSEK compared to 589 MSEK in the third quarter of 2016.

  • Operating profit for the third quarter of 2017 amounted to 1,297 MSEK compared to a profit of 295 MSEK in the third quarter of 2016.

  • Net profit for the third quarter of 2017 amounted to 971 MSEK compared to a net loss of 290 MSEK in the third quarter of 2016.

  • Cash flow from operating activities for the third quarter of 2017 amounted to 482 MSEK compared to 747 MSEK in the third quarter of 2016.

  • Weighted refining margin for the third quarter of 2017 was 6.85 $/bbl compared to 3.25 $/bbl in the third quarter of 2016.

An international conference call for investors and analysts will be held on December 4, 2017 at 3:00 pm CET. The call-in number is +46 8 5052 0110 meeting code: Preem.

The report for the fourth quarter and twelve months ending December 31, 2017 will be released on March 15, 2018.

For further information, please contact:
Amelie Wilson                                                            
Investor Relations Manager                                          
Tel: + 46 (0)10-450 10 21                                                 
Email: amelie.wilson@preem.se

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