OMV reported its Q2 15 results with clean EBIT at €375m, in line with the consensus. At the bottom line, the results came in much higher than expected thanks to the contribution of Borealis (36% owned) which reported €126m this quarter compared to €50m on average. By division: 1) Upstream's EBIT came in at €106m, down 67% yoy, but up compared to Q1 15 (€33m). Production increased by 3% yoy to 307kbpd with a strong contribution from Norway. Yemen's production is still
12 Aug 2015
Strong contribution from petrochemicals (Borealis)
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Strong contribution from petrochemicals (Borealis)
OMV AG (OMV:WBO) | 0 0 1.2% | Mkt Cap: 15,591m
- Published:
12 Aug 2015 -
Author:
Alexandre Andlauer -
Pages:
3
OMV reported its Q2 15 results with clean EBIT at €375m, in line with the consensus. At the bottom line, the results came in much higher than expected thanks to the contribution of Borealis (36% owned) which reported €126m this quarter compared to €50m on average. By division: 1) Upstream's EBIT came in at €106m, down 67% yoy, but up compared to Q1 15 (€33m). Production increased by 3% yoy to 307kbpd with a strong contribution from Norway. Yemen's production is still