Brief: OMV Petrom Q1 Net Profit Attributable To Shareholders At 1.40 Billion Lei, Down 6% YoY

OMV Petrom SA

30/04/2024 06:08

April 30 (Reuters) - OMV AG  OMVV.VI :
    * Q1 NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS AT 1.40 BILLION
LEI
VERSUS PROFIT OF 1.48 BILLION LEI YEAR AGO
    * Q1 CLEAN CCS OPERATING RESULT OF 1.77 BILLION LEI VERSUS
2.10
BILLION LEI YEAR AGO
    * IN Q1 LOWER TOTAL GAS SALES VOLUMES WITH HIGHER END USER
SALES
AND HIGHER BRAZI POWER PLANT OFFTAKE
    * FOR FY 2024 SEES THE AVERAGE BRENT OIL PRICE TO BE AROUND
$85/BBL VERSUS $82.6/BBL IN 2023
    * FOR FY 2024 SEES REFINING MARGIN AT AROUND $10/BBL VERSUS
$14/BBL IN 2023
    * SEES DEMAND FOR RETAIL FUELS, GAS AND POWER IN ROMANIA IN
2024
SLIGHTLY ABOVE THE 2023 LEVELS
    * SEES NET ELECTRICAL OUTPUT IN 2024 HIGHER YOY
    * SEES TOTAL GAS SALES VOLUMES IN 2024 LOWER YOY
    * FOR 2024 ORGANIC CAPEX ESTIMATED AT 6.5 BILLION LEI VERSUS
4.7
BILLION LEI IN 2023


Further company coverage:  OMVV.VI 

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