REG - OMV Petrom S.A. - Results for January-September and Q3 2019
RNS Number : 5905ROMV Petrom S.A.30 October 2019OMV Petrom Group results for January - September and Q3 2019
including unaudited interim condensed consolidated financial statements as of and for the period ended September 30, 2019
Highlights Q3/19 vs Q3/18
Group
u Clean CCS Operating Result at RON 1.2 bn, 27% lower
u Clean CCS net income attributable to stockholders at RON 1.0 bn, down 26%
u Cash flow from operating activities at RON 2.1 bn, 12% lower
u CAPEX at RON 1.1 bn, up 8%
u Clean CCS ROACE at 14.7%, 3 pp higher
Upstream
u Clean Operating Result at RON 546 mn, down 43%, mainly driven by lower oil prices and hydrocarbon volumes
u Production decreased by 6.2%, mostly due to natural decline and the transfer of marginal fields
u OPEX at USD 10.45/boe, stable
Downstream Oil
u Clean CCS Operating Result at RON 580 mn, 7% higher, capturing increased demand for refined products and excellent operational performance
u OMV Petrom indicator refining margin at USD 6.46/bbl, down 2%
u Refinery utilization rate at 99%; retail volumes up 4%
Downstream Gas
u Clean Operating Result at RON 57 mn, down 40% (Q3/18 included Brazi power plant insurance revenues)
u Gas sales volumes up 37% yoy, built on third-party supply; net electrical output at 1.00 TWh, stable
u OMV Petrom supplies the gas and power regulated markets; 4.47 TWh of gas were delivered in Q3/19 to the households and district heating for households suppliers and 0.48 TWh to the power regulated market suppliers, as per the set allocations
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http://www.rns-pdf.londonstockexchange.com/rns/5905R_1-2019-10-30.pdf
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