Motor Oil reported strong Q1 results

Thursday, May 25th, 2017
Last Update: 10:12
The group released its Q1´17 set of results posting a group reported EBITDA (no inventory impact in Q1) of EUR 169.3mn, which stood 47% higher vs. the reported Q1 of last year.  Volumes sold were 0.6% higher yoy reaching 3,078 MT. In terms of operating segments, the refining business as expected generated the bulk of profitability, at EUR 155.9mn vs. the adj. EUR 112.8mn of last year.

The fuel marketing business also improved its yoy performance as EBITDA came in at EUR 13.4mn, standing 16% higher vs. Q1’16. Motor Oil widened its blended margin premium over the benchmark hydrocracking refining margin to USD 31/MT at USD 70/MT vs.

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