EANS-Adhoc: OMV Aktiengesellschaft
OMV's Clean CCS operating result and Clean
CCS net income attributable to stockholders significantly higher than the
analysts' consensus in the first quarter 2017
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is solely responsible for the content of this announcement.
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Earnings Forecast
27.04.2017
April 27, 2017
OMV Group has achieved a Clean CCS operating result and a Clean CCS net income
attributable to stockholders for the first quarter 2017 which are significantly
above the analysts' consensus. All mentioned figures are preliminary and
unaudited.
Clean CCS operating result amounts to approximately EUR 800 mn (compared to Q1/
2016: EUR 262 mn). The Clean CCS operating result by business segment is as
follows:
- Upstream: approximately EUR 320 mn (compared to Q1/2016: EUR (96) mn)
- Downstream: approximately EUR 490 mn (compared to Q1/2016: EUR 319 mn)
- Thereof Downstream Oil: approximately EUR 410 mn(compared to Q1/2016:
EUR 296 mn)
- Thereof Downstream Gas: approximately EUR 80 mn(compared to Q1/2016:
EUR 23 mn)
Clean CCS net income attributable to stockholders amounts to approximately
EUR 500 mn (compared to Q1/2016: EUR 174 mn).
The following effects have impacted the results in Q1 2017 compared to Q1 2016:
- In Upstream, higher oil and gas prices coupled with higher sales volumes and
foreign exchange effects positively impacted earnings by approximately
EUR 380 mn.
- Depreciation in Upstream and Downstream was approximately EUR 70 mn lower.
- Higher OMV indicator refining and petrochemical margins in Downstream Oil as
well as positive valuation impacts in Downstream Gas contributed approximately
EUR 80 mn to earnings.
The strong results in Q1 2017 benefitted from one-time operational effects.
The full quarterly results for Q1 2017 will be published on May 11, 2017.
Further inquiry note:
OMV
Magdalena Moll, Investor Relations
Tel.: +43 (1) 40 440-21600; e-mail: investor.relations@omv.com
Robert Lechner, Media Relations
Tel.: +43 (1) 40 440-21472; e-mail: robert.lechner@omv.com
end of announcement euro adhoc
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issuer: OMV Aktiengesellschaft
Trabrennstraße 6-8
A-1020 Wien
phone: +43 1 40440/21600
FAX: +43 1 40440/621600
mail: investor.relations@omv.com
WWW: http://www.omv.com
sector: Oil & Gas - Downstream activities
ISIN: AT0000743059
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English
Original content of: OMV Aktiengesellschaft, transmitted by news aktuell