Report January – September and Q3 2013
including interim financial statements as of September 30, 2013
November 7, 2013 - 07:30 am (CET)
- Clean CCS EBIT at EUR 619 mn; clean CCS net income attributable to stockholders at EUR 263 mn in Q3/13
- Cash flow from operating activities for the quarter at EUR 1,081 mn, up by 11% vs. Q3/12, reducing balance sheet gearing to ~12%
- Significant asset acquisition from Statoil closed end of October; immediate production contribution will be approximately 25 kboe/d and is expected to rise to about 40 kboe/d during 2014
- Large oil discovery in the Barents Sea
Gerhard Roiss, CEO of OMV:
"In the first nine months of this year, we have substantially enhanced our upstream portfolio. The acquisition from Statoil of a portfolio of offshore assets lays the foundation for achieving our key strategic targets for 2016, i.e. delivering a production of around 400 kboe/d and a three-year average reserve replacement rate of 100%. Proceeds generated through working capital reductions and disposals from the downstream business have enabled us to largely fund this transaction through cash generation. Our E&P portfolio was further enlarged through the acquisition of an exploration block in Madagascar, while our development pipeline was strengthened by discoveries in Norway, Pakistan and Libya."
Further information please find in the attached report January - September and Q3 2013: