The company increases EBITDA by 17% and consolidates its recovery
Cepsa continues on its path of improving results that began in the third and fourth quarters of 2020. The boost in the chemistry business and the recovery in the oil price make it possible to achieve a net profit of 53 million euros in the first quarter of 2021.
Key Financial metrics
| RESULTS (MILLIONS OF EUROS) | 1Q 2021 | 4Q 2020 | 3Q 2020 | 2Q 2020 |
|---|---|---|---|---|
| CCS EBITDA | 324 | 277 | 277 | 180 |
| CCS Net Income | 53 | -29 | 39 | -93 |
| Cash Flow from operations1 | 309 | 218 | 224 | 86 |
| Net Debt2 | 3,032 | 2,825 | 2,858 | 3,131 |
| Total Liquidity3 | 4,485 | 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
2021
Second Quarter
2020
First Quarter
Second Quarter
Fourth Quarter
2019