Motor Oil (Hellas) Corinth Refineries SA (FRA:MHZ)
€ 25 -0.38 (-1.5%) Market Cap: 2.72 Bil Enterprise Value: 4.68 Bil PE Ratio: 3.73 PB Ratio: 1.01 GF Score: 80/100
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Q3 2020 Motor Oil Hellas Corinth Refineries SA Earnings Call Transcript

Nov 25, 2020 / 03:30PM GMT
Release Date Price: €10.59 (+4.75%)
Operator

Thank you for standing by, ladies and gentlemen, and welcome to the Motor Oil Conference Call on the Third Quarter and 9 Months 2020 Financial Results. We have with us Mr. Petros Tzannetakis, Deputy Managing Director and Chief Financial Officer; and Ms. Mary Psyllaki, IR Officer of the company. (Operator Instructions) I must advise you that this conference call is recorded today.

We now pass the floor to your speaker today, Mr. Petros Tzannetakis. Please go ahead, sir.

Petros Tz. Tzannetakis;Hellas;Corinth Refineries S.A.;Deputy MD
Motor Oil;CFO & Executive Director

()- -

Difficult, I know every time, my name is difficult to pronounce still. Hello to all of you. Good morning, good afternoon, good evening. Another conference call in a difficult period for the Q3 and 9 months results.

During this last quarter, the particularly adverse refining environment with negative benchmark margins continued. Weak product cracks with significant inventory overhang affected the markets. The

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