Corral Petroleum Holdings (publ) Q4 2012

FOR IMMEDIATE RELEASE
Date: March 21, 2013
London

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, 2012 and for the comparative periods in 2011. Corral Petroleum Holdings’ annual report for the year ended December 31, 2012 will be released on April 26, 2013 and will be available at www.preem.se/english/corral.

Financial highlights

  • Sales revenue for the fourth quarter of 2012 amounted to 25,136 MSEK compared to 24,301 MSEK in the fourth quarter of 2011.
  • EBITDA for the fourth quarter of 2012 amounted to 72 MSEK compared to -58 MSEK in the fourth quarter of 2011.
  • Adjusted EBITDA1 for the fourth quarter of 2012 amounted to 625 MSEK compared to 310 MSEK in the fourth quarter of 2011.
  • Operating loss for the fourth quarter of 2012 amounted to 180 MSEK compared to an operating loss of 309 MSEK in the fourth quarter of 2011.
  • Net loss for the fourth quarter of 2012 amounted to 174 MSEK compared to a net loss of 490 MSEK in the fourth quarter of 2011.
  • Cash flow used in operating activities for the fourth quarter of 2012 was 3,199 MSEK compared to cash flow used in operating activities of 319 MSEK in the fourth quarter of 2011.
  • Weighted business refining margin for the fourth quarter of 2012 was 4.76 $/bbl compared to 3.43 $/bbl in the fourth quarter of 2011.

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