OMV AG

04/30/2024 | Press release | Distributed by Public on 04/29/2024 23:09

OMV Group Report January-March 2024

OMV Group Report January-March 2024

Key Performance Indicators1

Group

  • Clean CCS Operating Result decreased to EUR 1,483 mn due to lower contributions from Fuels & Feedstock and Energy, while the Chemicals & Materials result improved
  • Clean CCS net income attributable to stockholders of the parent declined to EUR 696 mn;
  • clean CCS Earnings Per Share were EUR 2.13
  • Cash flow from operating activities excluding net working capital effects came in strong at EUR 1,858 mn
  • Organic free cash flow totaled EUR 1,028 mn
  • Clean CCS ROACE stood at 11%
  • Total Recordable Injury Rate (TRIR) was 1.28

Chemicals & Materials

  • Polyethylene indicator margin Europe increased to EUR 403/t,
  • polypropylene indicator margin Europe remained unchanged at EUR 395/t
  • Polyolefin sales volumes increased slightly to 1.45 mn t

Fuels & Feedstock

  • OMV refining indicator margin Europe decreased to USD 10.8/bbl
  • Fuels and other sales volumes Europe declined slightly to 3.57 mn t

Energy

  • Production dropped by 24 kboe/d to 352 kboe/d
  • Production cost increased by 3% to USD 9.6/boe

1 Figures reflect the Q1/24 period; all comparisons described relate to the same quarter in the previous year except where otherwise mentioned.