The adjusted operating result was more than halved to 1.1 billion kronor, down from 2.3 billion a year earlier. However, compared to the fourth quarter last year, it was an increase, from 680 million.
Slightly stronger margins on diesel and renewable fuels and a higher capacity utilization of the refinery in Lysekil contributed to the positive trend compared to the end of last year, writes CEO Magnus Heimburg in a comment.
Sales during the first quarter of the year fell to 31.7 billion kronor, down from 34.6 billion a year earlier.
Heimburg adds in the report that the effects of the rapidly changing geopolitical landscape in the world and the Trump administration's tariffs are too early to determine, but that the assessment right now is that the direct effects on Preem will be limited.
Preem is a wholly-owned subsidiary of the British-Swedish parent company Corral Petroleum Holdings AB, with Mohammed al-Amoudi.
