First half of 2020: Cepsa reports Clean CCS EBITDA of €633 million

 
Cepsa posted Clean CCS EBITDA of €633 million for the first half of 2020, down 37% YoY mainly as a result of the impact of Covid-19 on markets and demand, offset by strong performance in Petrochemicals and cost savings.

resultS

Results (Millions of euros) h1' 2020 h1' 2019 Δ
Revenue 8,030 12,086 (34%)
Clean CCS EBITDA* 633 1,009 (37%)
Clean CCS Net Income* (8) 253  
IFRS Net Income (841)  273  

* Adjusted figures reported in CCS (current cost of supply) terms and excluding non-recurring items

 

 

FINANCIAL DATA

Financial data (MILLIONS OF EUROS) h1 2020 h1 2019  
Equity 4,296 5,635  
CAPEX 328 409  
Net Debt 3,131 2,978  
 Net Debt / LTM EBITDA 2.0x 1.5x  
Liquidity 4,024 2,921  

* Current Cost of Supply
** Without considering the impact on net debt of IFRS 16 in 2020 and 2019

H1-2020 Results Presentation

Histórico de resultados financieros