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Borealis Group

Report January – March 2012

  • Clean CCS EBIT at EUR 800 mn, up 9% vs. Q1/11
  • Contribution from Petrom to clean CCS EBIT increased 34% to EUR 379 mn
  • Clean CCS net income attributable to stockholders is up 37% to EUR 379 mn
  • Gearing ratio down to 28% vs. 47% in Q1/11
  • E&P result supported by increased oil price and higher sales volumes from Libya
  • G&P benefited from improved margins at Petrom
  • R&M was burdened by a low margin environment in both refining (incl. petrochemicals) and
  • marketing

Gerhard Roiss, CEO of OMV:
“The year 2012 started very favorably for OMV. On February 22, we were able to announce a potentially significant deep water gas discovery in the Black Sea offshore Romania. This is a good example of how we are delivering on our strategy by focusing on bigger, high impact exploration targets. In Libya, production has quickly returned to approx. 85% of pre-crisis levels and these volumes contributed positively to the operating result in Q1/12. Stronger oil prices and the very cold Central European winter supported the results of our E&P and G&P business segments respectively. In the R&M business, both refining and marketing margins have been under pressure, a situation which is expected to persist in the rest of the year.”< /p>

Further information please find in the attached Report January – March 2012 in the sidebar.