including preliminary consolidated financial statements as of December 31, 2023
Key Performance Indicators1
Group
- Clean CCS Operating Result decreased to EUR 1,432 mn due to a lower contribution from all three business segments
- Clean CCS net income attributable to stockholders of the parent dropped to EUR 665 mn;
- Clean CCS Earnings Per Share were EUR 2.03
- Cash flow from operating activities excluding net working capital effects decreased to EUR 1,143 mn
- Organic free cash flow totaled EUR 148 mn
- Clean CCS ROACE stood at 12%
- Total Recordable Injury Rate (TRIR) was 1.37
- Total dividend per share of EUR 5.05 proposed2 comprising of a regular dividend per share of EUR 2.95 and a special dividend per share of EUR 2.10.
Chemicals & Materials
- Polyethylene indicator margin Europe decreased to EUR 312/t,
- Polypropylene indicator margin Europe declined to EUR 323/t
- Polyolefin sales volumes increased slightly to 1.45 mn t
Fuels & Feedstock
- OMV refining indicator margin Europe decreased significantly to USD 9.9/bbl
- Fuels and other sales volumes Europe declined slightly to 4.28 mn t
Energy
- Production dropped by 21 kboe/d to 364 kboe/d
- Production cost increased by 16% to USD 10.6/boe
Key events
- On January 31, 2024: OMV Executive Board proposes the distribution of a total dividend of EUR 5.05 per share for the financial year 2023
- On January 31, 2024: OMV to divest shareholding in SapuraOMV to TotalEnergies
- On January 15, 2024: OMV collaborates with startups and tech frontrunners as part of transition to Low Carbon Business in Energy Division
- On January 9, 2024: OMV and Microsoft accelerate decarbonization of corporate air travel and its supply chain logistics
- On January 3, 2024: OOMV Petrom signs the largest acquisition of green projects in Romania
- On December 20, 2023: OMV examines decree on OMV assets in Russia
- On December 12, 2023: Neptun Deep project makes significant progress: more than 80% of the execution agreements have been awarded
- On December 12, 2023: OMV and Synthos sign MoU to cooperate on sustainability, including the supply of sustainable butadiene for synthetic rubber
- On December 4, 2023: OMV to enter in negotiations with bidders for potential SapuraOMV sale; to continue sales process for OMV NZL separately
- On November 29, 2023: OMV and Cheniere sign long-term LNG supply agreement
- On November 29, 2023: Borealis to acquire Integra Plastics AD, an advanced mechanical recycling player based in Bulgaria
- On November 6, 2023: Climate-neutral district heating: Wien Energie and OMV establish joint venture for deep geothermal energy
- On November 2, 2023: Borealis expands its mechanically recycled plastic compounding capacity with closing the acquisition of Rialti S.p.A.
- On October 31, 2023: OMV and Interzero establish joint venture to build and operate Europe’s largest sorting facility for chemical recycling
- On October 30, 2023: Reinhard Florey reappointed as CFO of OMV
- On October 3, 2023: OMV and Wood sign collaboration agreement for commercial licensing of OMV’s ReOil® technology
- On October 3, 2023: Borealis and TotalEnergies Start Up Baystar JV Polyethylene Unit
1 Figures reflect the Q4/23 period; all comparisons described relate to the same quarter in the previous year except where otherwise mentioned.
2 As proposed by the Executive Board, subject to review by the Supervisory Board; subject to approval at the Annual General Meeting 2024