Corral Petroleum Holdings Q4 2015

REPORT FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2015 FOLLOWED BY AN INVESTOR CALL

This report includes unaudited consolidated financial information of Corral Petroleum Holdings AB (publ) (“Corral Petroleum Holdings”) and its consolidated subsidiaries, for the fourth quarter and year ended December 31, 2015 and for the comparative periods in 2014.

An international conference call for investors and analysts will be held on March 17, 2016 at 3:00 pm CET. The call-in number is +46 8 5052 0110 meeting code: Preem.

Financial highlights

 

  • Sales revenue for the fourth quarter of 2015 amounted to 14,079 MSEK compared to 18,623 MSEK in the fourth quarter of 2014.
  • EBITDA[1] for the fourth quarter of 2015 amounted to -13 MSEK compared to -1,181 MSEK in the fourth quarter of 2014.
  • Adjusted EBITDA1 for the fourth quarter of 2015 amounted to 748 MSEK compared to 782 MSEK in the fourth quarter of 2014.
  • Operating loss for the fourth quarter of 2015 amounted to 273 MSEK compared to an operating loss of 1,456 MSEK in the fourth quarter of 2014.
  • Net loss for the fourth quarter of 2015 amounted to 1,127 MSEK compared to a net loss of 2,624 MSEK in the fourth quarter of 2014.
  • Cash flow used in operating activities for the fourth quarter of 2015 was 193 MSEK compared to cash flow used in operating activities of 468 MSEK in the fourth quarter of 2014.
  • Weighted business refining margin for the fourth quarter of 2015 was 4.27 $/bbl compared to 5.70 $/bbl in the fourth quarter of 2014.


[1] For a reconciliation of our EBITDA and EBITDA to Adjusted EBITDA, please see the financial statements section on page 13.

 

For further information, please contact:

 

Gunilla Spongh

Tel: +46-10-450 17 35

Email: Gunilla.spongh@preem.se