Corral Petroleum Holdings AB (publ) - Q1 2015

REPORT FOR THE FIRST QUARTER ENDED MARCH 31, 2015

This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) (“Corral Petroleum Holdings”) and its consolidated subsidiaries, for the first quarter of 2015 and for the comparative period in 2014.

Financial highlights
• Sales revenue for the first quarter of 2015 amounted to 16,598 MSEK compared to 20,547 MSEK in the first quarter of 2014.
• EBITDA1 for the first quarter of 2015 amounted to 1,550 MSEK compared to -72 MSEK in the first quarter of 2014.
• Adjusted EBITDA1 for the first quarter of 2015 amounted to 1,266 MSEK compared to 100 MSEK in the first quarter of 2014.
• Operating profit for the first quarter of 2015 amounted to 1,316 MSEK compared to an operating loss of 329 MSEK in the first quarter of 2014.
• Net loss for the first quarter of 2015 amounted to 219 MSEK compared to a net loss of 560 MSEK in the first quarter of 2014.
• Cash flow from operating activities for the first quarter of 2015 was 1,621 MSEK compared to cash flow from operating activities of 1,831 MSEK in the first quarter of 2014.
• Weighted business refining margin for the first quarter of 2015 was 6.26 $/bbl compared to 2.33 $/bbl in the first quarter of 2014.

download news download news