Cepsa reports a solid first quarter, following the announcement of its new 2030 strategy, ‘Positive Motion’
The company continue deleveraging, with Net Debt to EBITDA ratio decreasing to 1.5x driven by stronger EBITDA performance. Cepsa has enough liquidity to cover more than 4.5 years of debt maturities.
Key Financial metrics
| RESULTS (MILLIONS OF EUROS) | 1Q 2022 | 4Q 2021 | 3Q 2021 | 2Q 2021 |
|---|---|---|---|---|
| CCS EBITDA | 605 | 470 | 504 | 518 |
| CCS Net Income | 58 | 15 | 112 | 130 |
| Cash Flow from operations1 | 205 | 300 | 392 | 454 |
| Net Debt2 | 2,918 | 2,759 | 2,348 | 2,412 |
| Total Liquidity3 | 3,362 | 3,476 | 4,119 | 4,495 |
1. Before changes in WK 2. Excludes IFRS16 impact 3. Defined as cash on balance sheet plus available committed credit facilities
Financial results
2022
2021
Second Quarter
Third Quarter
2020
First Quarter
Second Quarter
Fourth Quarter
2019