Q4 2020 Results: Cepsa reports Clean CCS EBITDA of €277m


Consolidating the positive trend of the previous quarter

The company recorded an adjusted gross operating result (Clean CCS EBITDA) of 277 million euros in the last quarter of 2020, thus continuing the improvement trend of the third quarter. Positive results in all businesses except marketing, which was affected by the pandemic.


Key Financial metrics

RESULTS (MILLIONS OF EUROS) 4Q 2020 3Q 2020 2Q 2020
CCS EBITDA 277 277 180
CCS Net Income 29 39 -93
Cash Flow from operations1 218 224 86
Net Debt2 2,825 2,858  3,131
Total Liquidity3 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

2020

First Quarter

2019

First semester