chilled water decreased by 1,908 thousands Refrigeration-ton or 26% due to the lower temperature in Q4/2017 that caused the decrease in chilled water consumption. • The cost of sales of goods and rendering
%. A decrease in the peak demand was mainly influenced by the lower temperature than previous year and the success of implementing energy saving programs, which had pushed down the power consumption
(Kerosene) and Dubai crack spread (IK/DB) in Q1/2019 averaged at 12.95 $/BBL, a decrease of 3.10 $/BBL compared to Q1/2018. This was a result of the warmer temperature than the year prior, which stymied
improved only by 0.6% due to the low temperature, off-season rain and the hot storm in some areas in the first quarter of 2018 together with the increase in Independent Power Supply (IPS). The peak
earnings im- pact from the seasonal maintenances. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in core earnings follows on from IVL’s strategy of prudent invest- ments in the higher
(Figures 4- 7 in following pages reflect the steady growth of IVL at consolidated level although the regional levels are more cyclical). Business Outlook The doubling of PTA production in The Netherlands
capacity utilization following a steady contraction in export value. Meanwhile, public investment expanded as a result of an acceleration in disbursements by the government. Headline inflation in the second
margins corrected to LTM 2Q18 level HVA 284 271 268 • PEO, NDC, Packaging margins steady • IPA margins lowered to sustainable level • HVA Fibers margins to expand post 1H18 supply issues • Avgol, Kordarna
to certain groups of customers and limited growth in some types of loans amid an uneven economic recovery. In addition, net fees and service income of the banking system continued to enjoy steady