Nynas reports 2024 financial and operational results
With stable performance and a refined strategy, Nynas outlines its focus on specialty chemicals and sustainability while planning for future investments.
Image for illustrative purposes
Sweden, Stockholm: In 2024, Nynas delivered steady financial and operational results, supported by a strategy centered on its core business areas in specialty chemicals. The company continued to prioritise its longstanding customer relationships and adapt to changes related to the energy transition.
CEO Eric Gosse stated that the company had adjusted its cost base and refined its commercial and manufacturing structure. According to Gosse, the revised strategy focuses on preparing Nynas for long-term developments through 2035, with an emphasis on supporting shifts in the energy sector.
For 2024, Nynas reported Adjusted EBITDA of $137 (1,333 MSEK), a slight increase from $135 (1,316 MSEK) in 2023. The company also recorded strong operating cash flow, which is being directed toward future investments and the transformation of its Harburg site.
Operational performance remained stable, with all three plants maintaining reliability between 95 % and 99 %. The Nynäshamn refinery reached a production milestone in May 2024, producing 42,000 t of naphthenic specialty oils in a single month.
The company’s updated strategy focuses on innovation, sustainability, and higher-value specialty products aimed at the European market. In line with this, Nynas received a Gold rating from EcoVadis in 2024.
Looking ahead to 2025, Nynas is considering capital structure adjustments, while remaining unaffected by recent developments related to US tariffs, having ended operations in the US in 2022.
Source: Nynas
#2024 results#capital structure#energy transition#Eric Gosse#European market#Nynas#operational reliability#specialty chemicals#sustainability