AB Klaipėdos nafta unaudited financial information regarding the twelve months of 2020


AB Klaipėdos nafta (hereinafter – KN, the Company) announces the unaudited consolidated (hereinafter – the Group) and separate financial results for the twelve months ended 31 December 2020.

  • Revenue for the 12 months of 2020 of the Group and the Company are EUR 80.5 million and EUR 77.5 million respectively and is lower by 22.9% and 25.6% compared to the same period of 2019 (EUR 104.4 million and EUR 104.1 million respectively).
  • Net profit of the Group and the Company for the 12 months of 2020 amounts to EUR 32.9 million and EUR 32.5 million respectively and is 4.3 times and 4.1 times higher compared to the 12 months of 2019 (EUR 7.6 million and EUR 7.9 million respectively).
  • Net profit adjusted of the Group and the Company for the 12 months of 2020 amounts to EUR 10.4 million and EUR 10.0 million respectively and is lower by 18.0% and 23.7% compared to the same period of 2019 (EUR 12.7 million and EUR 13.1 million respectively).
  • EBITDA for the 12 months of 2020 of the Group and the Company amounts to EUR 72.9 million and EUR 72.1 million respectively and is higher by 10.7% and 8.9% compared to the same period of 2019 (EUR 65.8 million and EUR 66.2 million respectively).
  • EBITDA adjusted for the 12 months of 2020 of the Group and the Company amounts to EUR 50.3 million and EUR 49.6 million respectively and is lower by 29.1% and 30.5% compared to the same period of 2019 (EUR 71.0 million and EUR 71.4 million respectively).

Main financial indicators of the Group comparing 12 months of 2020 and 2019:

Financial results for 12 months of 2020Change, compared to 12 months of 2019Adjusted results for 12 months of 2020 Change, compared to 12 months of 2019
Revenue80.5 million Eur-22.9%80.5 million Eur-22.9%
Net profit32.9 million Eur4.3 times10.4 million Eur-18.0%
EBITDA72.9 million Eur10.7%50.3 million Eur-29.1%

Management comment:

During 12 months of 2020, the same as during 2019, the Group‘s and the Company‘s net profit was significantly affected by fluctuations of unrealized currency exchange rates. The unrealized impact of exchange rates arose from the 1st January of 2019 under the requirements of IFRS 16 “Lease”, which indicated the Company to capitalise finance lease obligations and the major part of them is denominated in US dollars. Whereas all US dollar denominated lease liabilities relate to LNG terminal, the effect of unrealized exchange rate is reflected in the regulated segment. Revenue of the Group for 2020 compared to 2019 is lower mainly due to the reduction of LNG security supplement from the 1st January 2020.

LNG regasification at Klaipėda LNG terminal (hereinafter – LNG terminal) remains at a high level. Revenue for 2020 is EUR 43.4 million and is lower by EUR 27.5 million or 38.8% compared to the same period of 2019 (EUR 70.9 million). The lower revenue was mainly determined by the Company's decision to optimize the infrastructure costs of the LNG terminal in Klaipėda, which respectively reduced the security supplement for Lithuanian gas consumers from the beginning of 2020 (EUR 26.8 million per annum). The decrease in revenue was also due to the lower rate of return on investment (ROI) set for the Company for 2020, which was partially offset by higher regasification volumes.

For twelve months of 2020 revenue from commercial LNG activities is EUR 5.7 million and is higher by EUR 4.3 million compared to the same period in 2019 (EUR 1.4 million). Commercial LNG activities consist of business development projects including LNG terminal operator services provided at the Port of Açu terminal in Brazil and LNG reloading station in Klaipėda.

Revenue from oil terminals for 2020 is lower by EUR 0.7 million compared to the same period in 2019. Due to the COVID-19 pandemic, which had a negative impact on the demand for petroleum products, the period of unfavorable low refining margins around the world has prolonged. Although it increases demand for oil product storage, the volumes of the transshipment are affected negatively. All those adverse developments in the international markets, along with the geopolitical developments in the neighboring region, affected performance of KN oil terminals. However, the Group was capable to amortize the unfavorable international circumstances by focusing on its operational efficiency and by diversification of its services, including oil product storage services, as well as product portfolio.

However, it should be noted, that in December 2020 the client of the company BNK (UK) Limited has informed about the temporary suspension of oil products sales through Klaipėda. In the future tenders announced by BNK Klaipėda will not be indicated as their sales point. All contracts between BNK and the Company remain in force, but the contractual obligations are suspended until further notice.  At the time of the report, no transhipment of oil product cargo from Belarus is nominated through KN oil terminals for February or further periods. In Management opinion, it can be assumed that oil products from Belarus will not be transhipped through KN oil terminal in Klaipėda and accordingly the company follows such assumptions for 2021. ​


  1. Condensed Consolidated and Separate Financial Statements of AB Klaipėdos nafta for the 12 months period ended 31 December 2020.
  2. Presentation of the unaudited financial results of the Group for the 12 months period of 2020.

Jonas Lenkšas, Chief Financial Officer, +370 694 80594.


About GlobeNewswire

One Liberty Plaza - 165 Broadway
NY 10006 New York

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Better Collective – Share buyback program completed5.3.2021 19:30:00 CETPress release

Regulatory Release 4/2021 On March 4, 2021 Better Collective A/S initiated a share buyback program for up to EUR 100,000, to be executed during the period from March 4, 2021 to March 31, 2021. The following transactions have been executed under the program on March 5, 2021 Date Number of sharesAverage weighted purchase price (SEK per share)Amount (SEK)05/03/20213,532197.2223696,598.16Accumulated under the program following above purchase:3,532197.2223696,598.16 Better Collective A/S holds 3,773 treasury shares corresponding to 0,01 % of the outstanding share capital of the company. The share buyback program is hereby completed. Contacts Investor Relations: Christina Bastius Thomsen +45 2363 8844 e-mail: This information is such information as Better Collective A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on March 5, 2021 at 7.3

TGS Share Repurchase5.3.2021 17:51:25 CETPress release

Oslo, Norway (5 March 2021) – On period from 2 March 2021 to 4 March 2021, TGS-NOPEC Geophysical Company ASA (TGS) purchased 41,000 own shares on the Oslo Stock Exchange at an average price of NOK 141.2252 per share. Following the purchase, TGS holds 195,000 own shares, representing 0.166% of the total outstanding shares. The shares were purchased in connection with the share repurchase announced on 11 February 2021. Overview of transactionsDateAggregated daily volume (number of shares)Weighted average share price per day (NOK)Total daily transaction value (NOK)2-Mar-2120,000140.90672,818,1343-Mar-2120,000141.57002,831,4004-Mar-211,000140.7000140,700Previously disclosed buy-backs under the program (accumulated)79,000138.327910,927,901Accumulated under the buy-back program120,000139.317816,718,135The issuer's holding of own shares:Following the completion of the above transactions, TGS owns a total of 195,000 own shares, corresponding to 0.166% of TGS' share capital.Appendix:An overview

Bavarian Nordic to Host Full Year 2020 Results Conference Call5.3.2021 17:30:00 CETPress release

COPENHAGEN, Denmark – March 5, 2021 - Bavarian Nordic A/S (OMX: BAVA, OTC: BVNRY) will announce its 2020 annual report on Friday, March 12, 2021. The management of Bavarian Nordic will host a conference call at 2:00 pm CET (8:00 am EST) on the same day to present the full-year results followed by a Q&A session. A live and replay version of the call and relevant slides will be available at To join the Q&A session dial one of the following numbers and state the participant code 5589045: Denmark: +45 32 72 80 42, UK: +44 (0) 844 571 8892, USA: +1 631-510-7495. About Bavarian Nordic Bavarian Nordic is a fully integrated vaccines company focused on the development, manufacture and commercialization of life-saving vaccines. We are a global leader in smallpox vaccines and have been a long-term supplier to the U.S. Strategic National Stockpile of a non-replicating smallpox vaccine, which has been approved by the FDA under the trade name JYNNEOS®, also for the protection

Bavarian Nordic afholder telefonkonference i forbindelse med offentliggørelse af årsregnskabet for 20205.3.2021 17:30:00 CETpressemeddelelse

KØBENHAVN, 5. marts 2021 – Bavarian Nordic A/S (OMX: BAVA) offentliggør årsregnskab for 2020 på fredag den 12. marts 2021. Samme dag afholder selskabets ledelse en telefonkonference kl. 14:00 dansk tid med henblik på at præsentere årsregnskabet og besvare eventuelle spørgsmål. Det er muligt at høre en live eller arkiveret webcast af telefonkonferencen samt downloade den tilhørende præsentation på For at stille spørgsmål på telefonkonferencen, benyt venligst et af følgende telefonnumre og oplys deltagerkoden 5589045: Danmark: +45 32 72 80 42, UK: +44 (0) 844 571 8892, USA: +1 631-510-7495. Om Bavarian Nordic Bavarian Nordic er et fuldt integreret vaccineselskab, der er fokuseret på udvikling, produktion og kommercialisering af livsvigtige vacciner. Vi er globalt førende inden for koppevacciner, og er mangeårig leverandør til det amerikanske strategiske nationale beredskabslager af en ikke-replikerende koppevaccine, som er godkendt af de amerikanske sundhedsmyndigh


Almere, The Netherlands March 5, 2021 ASM International N.V. (Euronext Amsterdam: ASM) today publishes its Annual Report 2020. For the first time, ASMI publishes the Annual Report in accordance with European Single Electronic Format (ESEF) reporting requirements with the format of the report being Extensible Hypertext Markup Language (xHTML). In line with the ESEF requirements, the primary consolidated financial statements have been labelled with XBRL tags. ASMI's Annual Report 2020 is available in ESEF reporting package, HTML file and as a PDF file on the company's website ASMI will hold its Annual General Meeting of Shareholders (AGM) on May 17, 2021. The AGM agenda with all related documents will be available in due time. About ASM International ASM International NV, headquartered in Almere, the Netherlands, its subsidiaries and participations design and manufacture equipment and materials used to produce semiconductor devices. ASM International, its subsidiaries and pa


Anbudsförfarande kommuner och regioner, 2021-03-09BondsFixed rate notes issued in SEK by Municipalities or Regions with maturity in: 2024 The following issuers are accepted for delivery: Göteborgs Stad Helsingborgs Stad Jönköpings Kommun Malmö Stad Region Skåne Stockholms Stad Region Stockholm Delivery may not be made in Bonds purchased by the Counterparty from the issuer less than one week prior to the date for announcing the Specific terms, i.e. the purchase may not have been made after: 2021-02-26BidsBids are made to tel 08-696 69 70 and confirmed in writing by a filled-in Bid form by e-mail to Bid date2021-03-09Bid times10.00-11.00 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)SEK 1000 +/- 1000 millionHighest permitted bid volume (corresponding nominal amount)The total bid volume from one Counterparty for the two Credit rating classes may not exceed SEK 1 000 million. No bid may contain Bonds exceeding SEK 1000 million issued by Stockholms


Bid procedure, 2021-03-08BillsSWEDISH T-BILL: SE0015504907. 2021-05-19 SWEDISH T-BILL: SE0014808747, 2021-09-15 Bid date2021-03-08Bid times09.00-10.00 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)SE0015504907: 500 mln SEK +/-250 mln SEK SE0014808747: 500 mln SEK +/-250 mln SEK Highest permitted bid volume (corresponding nominal amount)SE0015504907: 500 mln SEK per bid SE0014808747: 500 mln SEK per bid Lowest permitted bid volume (corresponding nominal amount)SEK 50 million per bidExpected allocation timeNot later than 10.15 (CET/CEST) on the Bid dateDelivery and payment date2021-03-10Delivery of billsTo the Riksbank's account in Euroclear Sweden AB's securities settlement system 1 4948 6383 Stockholm, 2021-03-05 This is a translation of the special terms and conditions published on In the case of any inconsistency between the English translation and the Swedish language version, the Swedish language version shall prevail. Complete terms and