PA Resources AB: Year-End Report for 2010
Summary
· Total revenue for the Group during the fourth quarter amounted to
SEK 697.7 million (653.9).
· EBITDA for the quarter totalled SEK 437.7 million (358.4).
· Profit before tax for the fourth quarter was SEK 91.1 million
(100.0).
· Earnings per share for the quarter were SEK -0.23 (-0.06) before
dilution and SEK -0.23 (-0.06) after dilution.
· Operating cash flow improved for the full year to SEK 416.2 million
(142.7), and cash and cash equivalents amounted to SEK 1,260.4 million
(123.9) at year-end.
· The debt/equity ratio assuming full conversion improved to 38.3%
(54.6%), compared with the target of a maximum of 50%.
Financial Key ratios Q4 2010 Q4 2009 Jan.-Dec.
2010 Jan.-Dec. 2009
Revenue (SEK million) 697.7 653.9 2,226.7
2,112.8
EBITDA* (SEK million) 437.7 358.4 1,275.7
1,325.9
EBITDA margin (%) 62.7% 54.8% 57.3%
62.8%
Operating profit (SEK million) 218.7 79.1 490.4
429.6
Operating margin (%) 31.3% 12.1% 22.0%
20.3%
Profit/loss before tax (SEK million) 91.1 100.0 179.3
317.5
Earnings per share after dilution (SEK) -0.23 -0.06 -0.61
0.04
*Earnings before interest, tax, depreciation and amortisation.
(For the complete Year-End Report, see the attached file)
Stockholm 16 February, 2011
PA Resources AB (publ)
For additional information, please contact:
Bo Askvik
President and CEO, PA Resources AB
Telephone: +46 8 21 83 82
Mobile: +46 70 819 59 18
E-mail: ir@paresources.se (ir@paresources.se)
or
Nicolas Adlercreutz
CFO, PA Resources AB
Telephone: +46 8 21 83 82
Mobile: +46 70 587 44 88
Webcast conference call
On 16 February at 10 a.m. (CET), PA Resources is hosting a webcast
conference call. The presentation will be in English and is webcasted
live on www.paresources.se (http://www.paresources.se/) start page.
To participate via phone, please call:
Sweden: +46 8 505 598 53
UK: +44 203 043 24 36
US: +1 866 458 40 87
The presentation material will be published on
www.paresources.se (http://www.paresources.se/), where you can also view
and listen to the presentation afterwards on-demand.
PA Resources AB (publ) is an international oil and gas group with the
business strategy to acquire, develop, exploit and divest oil and gas
reserves, as well as explore new findings. The Group operates in
Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United
Kingdom, Denmark, Greenland, Netherlands and Germany. PA Resources is
one of the largest oil producers in Tunisia and is also producing oil in
the Republic of Congo. The parent company is located in Stockholm,
Sweden. PA Resources' net sales amounted to SEK 2,227 million during
2010. The company is listed on the NASDAQ OMX Nordic Exchange in
Stockholm, Sweden (segment Mid Cap). For additional information, please
visit www.paresources.se (http://www.paresources.se/)
The above information has been made public in accordance with the
Securities Market Act and/or the Financial Instruments Trading Act. The
information was published at 08.15 CET on 16 February, 2011.
