Hellenic Petroleum beats forecasts with Q1 2016 results

EconomyCorporates Tags: Corporates, Results
Photo via http://www.helpe.gr/
Photo via http://www.helpe.gr/

Greece’s largest oil refiner, Hellenic Petroleum, beat forecasts on Wednesday for its Q1 2016 financial results and posted an adjusted EBITDA of 169 million euros, down 17 percent from the same period last year as opposed to the almost 20 percent drop forecast by analysts.

Net income was reported as 32 million euros compared to 17 million euros for Q1 2015. The figure was negatively impacted by the drop in crude oil prices at the start of the year and one-off provisions. Excluding such factors, the adjusted net income for...

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read four of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€450.00

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.