Q3 2020 Results: Cepsa reports Clean CCS EBITDA of €277m


Improving previous quarter results

Cepsa posted Clean CCS EBITDA of €277 million in 3Q 2020, a 54% increase vs 2Q 2020 despite the global impact of the Covid-19 pandemic.

Key Financial metrics

RESULTS (MILLIONS OF EUROS) 3Q 2020 2Q 2020 Δ3Q/2Q
CCS EBITDA 277 180 54%
CCS Net Income 39 -93 142%
Cash Flow from operations1 224 86 159% 
Net Debt2 2,858  3,131 -9% 
Total Liquidity3 4,617 4,524 2%

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

financial results

2020

2019

First semester