OMV Group Report January–March 2020
including condensed consolidated interim financial statements as of March 31, 2020
Key Performance Indicators1
Group
- Clean CCS Operating Result decreased by 8% to EUR 699 mn
- Clean CCS net income attributable to stockholders amounted to EUR 316 mn, clean CCS Earnings Per Share were EUR 0.97
- High cash flow from operating activities of EUR 1,121 mn
- Organic free cash flow before dividends of EUR 594 mn
- Clean CCS ROACE at 11%
- Lost-Time Injury Rate at 0.15
Upstream
- Production flat at 472 kboe/d
- Production cost declined to USD 6.4/boe
Downstream
- OMV indicator refining margin increased to USD 4.9/bbl
- Natural gas sales increased by 26% to 48.0 TWh
Key events
- On March 27: Postponement of the Annual General Meeting of OMV Aktiengesellschaft to September 29, 2020
- On March 26: OMV decides on action plan to safeguard financial strength
- On March 26: OMV and Mubadala agree on payment of the purchase price for the additional 39% share in Borealis intranches
- On March 12: OMV plans the sale of its shares in Gas Connect Austria
- On March 12: OMV starts sales process for its German filling station business
- On March 12: OMV signs agreement to increase its shareholding in Borealis to 75%, repositioning in a low-carbon world
- On March 11: New Executive Board member for Downstream Marketing & Trading appointed
- On March 6: OMV and Gazprom sign an "Amendment Agreement" to the "Basic Sale Agreement" in relation to the potential acquisition of a 24.98% interest in Achimov 4A/5A phase development by OMV
OMV Group Report (PDF, 3.4 MB)
Factsheet (PDF, 390.3 KB)
1 Figures reflect the Q1/20 period; all comparisons described relate to the same quarter in the previous year except where otherwise mentioned.