Report January - December and Q4 2012
February 21, 2013 07:30 am (CET)
- Full year 2012: Clean CCS EBIT +35%, clean CCS net income attributable to stockholders +42%
- Strong operating performance in Q4/12 with clean CCS EBIT at EUR 956 mn, up 30% vs. Q4/11
- Clean CCS net income attributable to stockholders is up 19% vs. Q4/11 to EUR 393 mn
- In October, OMV acquired a 20% stake in the Edvard Grieg oil field development in the Norwegian North Sea
- In November, OMV sold its marketing subsidiary in Bosnia-Herzegovina
- The performance improvement program “energize OMV” delivered EUR 690 mn working capital reduction by year-end
- Gearing ratio further decreased to 26% vs. 34% in Q4/11
- The Executive Board proposes a dividend of EUR 1.20 per share for 2012
Gerhard Roiss, CEO of OMV:
"In 2012, we managed to deliver a record financial performance while successfully progressing our strategy. We benefited from the return of production in Libya and from a stabilized, on-target production in Romania and Austria. The E&P project pipeline was significantly strengthened and the major deep water gas discovery in the Romanian Black Sea, as well as the acquisitions in Norway, have all laid the ground for further growth. The downstream divestment program and our performance improvement program "energize OMV" are well on track and have already delivered significant milestones. We have set ourselves ambitious targets but I am convinced that we are fit for the future and we will continue to deliver on our commitment to profitable growth."
Further information please find in the download report January - December and Q4 2012: