The company increases EBITDA by 33% thanks to the economic situation and its transformation process
This evidenced a strong recovery following the disruption caused by Covid-19 as a result of favorable market conditions, mainly during the second quarter, and the positive impact from ongoing optimization initiatives. During the second quarter, Cepsa records an EBITDA 60% higher than the first quarter of the year.
Key Financial metrics
| RESULTS (MILLIONS OF EUROS) | 2Q 2021 | 1Q 2021 | 4Q 2020 | 3Q 2020 |
|---|---|---|---|---|
| CCS EBITDA | 518 | 324 | 277 | 277 |
| CCS Net Income | 130 | 53 | -29 | 39 |
| Cash Flow from operations1 | 454 | 309 | 218 | 224 |
| Net Debt2 | 2,412 | 3,032 | 2,825 | 2,858 |
| Total Liquidity3 | 4,495 | 4,485 | 4,550 | 4,617 |
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
Second Quarter
Fourth Quarter
2019