If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Friday, August 7, 2020 
Market Status: OPEN
About us and Governance Investor Relations Contact
Advanced search

Market News


OMV PETROM S.A. - SNP

Q1 2019 financial results

Release Date: 5/3/2019 8:00:09 AM

IRIS Code: 54BEA

OMV Petrom Group results for January – March 2019

including unaudited interim condensed consolidated financial statements as of and for the period ended March 31, 2019

 

 Highlights Q1/19 vs Q1/18

 Group

u   Clean CCS Operating Result at RON 1.2 bn, 28% higher

u   Clean CCS net income attributable to stockholders at RON 1.1 bn, up 40%; Clean CCS EPS at RON 0.0186

u   Cash flow from operating activities at RON 1.5 bn, 16% lower

u   CAPEX at RON 0.8 bn, down 2%

u   Free cash flow after dividends at RON 0.7 bn, 9% lower

u   Clean CCS ROACE at 15.2%

Upstream

u   Clean Operating Result increased by 28%, to RON 825 mn, positively influenced by FX and gas price

u   Daily production decreased by 5.5%, mainly due to natural decline in Romania and lower production in Kazakhstan

u   OPEX of USD 11.66/boe, 2% lower, reflects favorable FX effects and continuous cost management

Downstream Oil

u   Clean CCS Operating Result at RON 221 mn, 9% lower, with strong operational performance, partly offsetting the weaker refining margins

u   OMV Petrom indicator refining margin at USD 3.62/bbl, down 45%

u   Refinery utilization rate at 96%; retail volumes up 6%

Downstream Gas

u   Clean Operating Result doubled, at RON 157 mn, mainly on improved power market conditions

u   Net electrical output up 21% to 1.08 TWh

u   Gas sales volume decreased by 14% to 12.23 TWh

Key events

u   Portfolio optimization: the transfer of nine marginal fields to Mazarine Energy Romania became effective on March 1, 2019, as part of the second divestment round, a step forward in simplifying our footprint

u   Polyfuel: the new unit in Petrobrazi refinery started production in March. The plant, an investment of approximately EUR 65 mn, represents the first of its kind for the OMV Group and employs state-of-the-art and environmentally friendly technology.

 

 

 

Please access the link here below to view the full report.

 

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved