SOL: Sasol Limited - Production And Sales Metrics And Financial Results For The Year Ended 30 June 2021
Sasol reported production and sales metrics for the year ended 30 June 2021, highlighting a resilient performance despite challenges. Chemical volumes decreased due to divestments and adverse weather, yet higher chemical prices led to increased revenue. The Energy sector benefited from recovering demand post-lockdowns and rising oil prices. The company is currently closing its financial year and plans to release its annual results on 16 August 2021. Investors can expect a Trading Statement in early August, detailing performance metrics further.
- Increased revenue attributed to higher average chemical prices despite lower chemical volumes.
- Energy business experienced a recovery in demand and benefited from higher oil prices.
- Lower chemical volumes due to divestments in North America.
- Adverse weather events impacted production in both North America and South Africa.
JOHANNESBURG, July 27, 2021 /PRNewswire/ --
PRODUCTION AND SALES METRICS FOR THE YEAR ENDED 30 JUNE 2021
Sasol delivered volumes in line with guidance for the year ended 30 June 2021 despite the challenging operating environment.
Volumes in the Chemicals business were lower due to the previously reported divestments in North America alongside an adverse impact from weather events in both North America and South Africa. This was offset by higher average chemical basket prices which helped to deliver an increase in revenue for the financial year.
The Energy business benefitted from a strong recovery in demand following the easing of lockdown restrictions, and higher oil prices in the second half of the financial year.
The production and sales metrics are available on the Company´s website, under the Investor Centre section:
https://www.sasol.com/investor-centre/financial-reporting/business-performance-metrics
FINANCIAL YEAR 2021 RESULTS
Sasol is still in the process of completing its financial year-end closing processes and will issue a Trading Statement in early August 2021.
Sasol will release its 2021 annual financial results on Monday, 16 August 2021. The presentation will be available at the following link: https://www.corpcam.com/Sasol16082021
A conference call will be hosted by Fleetwood Grobler and Paul Victor to discuss the results and provide an update of the business via webcast on 16 August 2021 at 15h00 (SA time). Please connect to the call via the following link: https://www.corpcam.com/Sasol16082021Q
Disclaimer - Forward-looking statements
Sasol may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, expectations, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, the impact of the novel coronavirus (COVID-19) pandemic on Sasol's business, results of operations, financial condition and liquidity and statements regarding the effectiveness of any actions taken by Sasol to address or limit any impact of COVID-19 on its business; statements regarding exchange rate fluctuations, changing crude oil prices, volume growth, changes in demand for Sasol's products, increases in market share, total shareholder return, executing our growth projects, oil and gas reserves, cost reductions, legislative, regulatory and fiscal development, our climate change strategy and business performance outlook. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavour", "target", "forecast" and "project" and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors and others are discussed more fully in our most recent annual report on Form 20-F filed on 24 August 2020 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
Media Contact:
Investor Relations:
Tiffany Sydow, Investor Relations Officer
Telephone: +27 (0) 71 673 1929
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SOURCE Sasol Limited
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