Contact
OMV Websites
en de
OMV Websites
OMV Websites
OMV Group www.omv.com Austria www.omv.at Bulgaria www.omv.bg Czech Rep. www.omv.cz Germany www.omv.de Hungary www.omv.hu New Zealand www.omv.nz Norway www.omv.no Romania www.omv.ro Russia www.omv.ru Serbia www.omv.co.rs Slovakia www.omv.sk Slovenia www.omv.si Tunisia www.omv.tn Turkey www.omv.com.tr UAE www.omv.ae
OMV Gas Websites
OMV Gas www.omv-gas.com Austria www.omv-gas.at Belgium www.omv-gas.be Germany www.omv-gas.de Hungary www.omv-gas.hu Netherlands www.omv-gas.nl
OMV Petrom Websites
OMV Petrom www.omvpetrom.com Petrom Romania www.petrom.ro Petrom Moldova www.petrom.md
Borealis Websites
Borealis Group www.borealisgroup.com
Close

OMV Group Report January – June and Q2 2017

including condensed consolidated financial statements as of June 30, 2017 

Key Performance Indicators

Group

  • Clean CCS Operating Result doubled to EUR 662 mn
  • Clean CCS net income attributable to stockholders amounted to EUR 282 mn, clean CCS Earnings Per Share were EUR 0.86
  • Operating Result and net income were negatively impacted by recycling of FX losses following the divestment of OMV Petrol Ofisi
  • Strong free cash flow after dividend payments at EUR 747 mn
  • Strong operating cash flow generation in 6m/17 fully covering investments and increased dividend payments
  • Clean CCS ROACE at 11% 

Upstream

  • Hydrocarbon production increased to a ten-year quarterly high of 339 kboe/d
  • Production cost decreased by 19% to USD 8.7/boe

Downstream 

  • OMV indicator refining margin rose to USD 6.0/bbl
  •  Ethylene/propylene net margins strongly increased
  • Total natural gas sales improved to 26 TWh

 Key Events

  • OMV closed the sale of its wholly owned subsidiary OMV Petrol Ofisi to VIP Turkey Enerji AS, a subsidiary of Vitol Investment Partnership Ltd., on June 13, 2017. The overall transaction value amounts to EUR 1.37 bn. The net cash impact on OMV was EUR 0.88 bn in Q2/17.
  • On May 25, 2017, OMV and ADNOC signed a Memorandum of Understanding for cooperating in a number of areas, including the evaluation of opportunities in downstream projects; the exchange of knowledge and experience in refining operations and refinery-petrochemical integration and optimization, and downstream technical and maintenance Support.