Reserved Area

Q1 2021 Results: Cepsa reports EBITDA of €324m

The company increases EBITDA by 17% and consolidates its recovery

Cepsa continues on its path of improving results that began in the third and fourth quarters of 2020. The boost in the chemistry business and the recovery in the oil price make it possible to achieve a net profit of 53 million euros in the first quarter of 2021.

Key Financial metrics

RESULTS (MILLIONS OF EUROS)	1Q 2021	4Q 2020	3Q 2020	2Q 2020
CCS EBITDA	324	277	277	180
CCS Net Income	53	-29	39	-93
Cash Flow from operations¹	309	218	224	86
Net Debt²	3,032	2,825	2,858	3,131
Total Liquidity³	4,485	4,550	4,617	4,524