OMV

The Vienna stock exchange closed moderately higher after the ECB left interest rates unchanged. OMV reported significantly higher revenue and profit for the third quarter and improved cash flow thanks to higher oil and gas prices and increased refinery margins, while its chemicals result disappointed. The OMV share reacted positively and rose 1.6 percent. » More on finanzen.net

OMV recorded an adjusted CCS operating result of €2.12 billion in the third quarter and a shareholders’ attributable CCS profit for the period before special items of €1.15 billion on revenues of €8.96 billion. Operating cash flow was €2.20 billion (without NWC changes €2.33 billion, +57% y/y) and adjusted CCS earnings per share were €3.54. The Fuels and Energy segments contributed materially to the result, driven by higher refining margins and oil and gas prices, while Chemicals performed markedly weaker. Net debt stood at €4.403 billion with a gearing ratio of 17%, and the board emphasized a focus on stable operations and disciplined project delivery. » More on deraktionaer.de

OMV expects a hit to third-quarter earnings of €150–200 million from state solidarity contributions in Austria and Romania, which will show up as a one-off effect in net income. Operatively, the company benefited from sharply higher European refinery reference margins and a strong fuels business, which supported the quarter. Energy production exceeded expectations, but missing crude deliveries from the Middle East reduce results by around €100 million. The chemicals segment is likely to be a weak spot. » More on finanzen.net

OMV expects a negative impact of about €100 million on adjusted upstream operating earnings in the third quarter due to missed crude shipments; sold hydrocarbons fell to 225,000 boe/d while production rose slightly to 294,000 boe/d. The average oil price declined, whereas the gas price increased significantly; additional windfall taxes in Austria and Romania will weigh on net profit by €150–200 million, with major cash-flow effects not expected until 2027. The refinery business improved markedly thanks to higher reference margins and greater utilization, and anticipated higher contributions from the Adnoc stake should partly offset weakness in the retail and commercial businesses. The chemicals division (Borouge) deteriorated significantly regionally but is operationally supported by a Borouge dividend of around €460 million. Full Q3 figures will follow on October 29. » More on deraktionaer.de

OMV and the Österreichische Sporthilfe will enter a long-term partnership from 1 January 2027 to support Austrian elite and youth sports. The focus is on helping young talents by providing reliable prospects, sustainable development and conditions for athletic and personal growth. Specific support measures will be announced at a later date. OMV emphasizes that the commitment goes beyond traditional sponsorship and links values such as dedication, responsibility and sustainability. » More on finanzen.net