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

1. Before changes in WK      2. Excludes IFRS16 impact       3. Defined as cash on balance sheet plus available committed credit facilities

Financial results

2021

2020

First Quarter

2019