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OMV Announces Results of January – September 2010

Published: November 10, 2010; 10:07 · (Vindobona)

Austria´s biggest company posts a strong operating performance compared to previous year.

OMV Announces Results of January – September 2010 / Picture: © OMV AG

EBIT increased by 23% to € 632m; clean CCS net income after minorities is up 12% to € 290m. Reported EBIT was impacted by impairments in the business segment Exploration & Production.

OMV regards its environment as improving but still challenging. Higher oil prices and refining margins vs. Q3/09 support results. Cost reduction efforts continue and positively impact…

This article includes a total of 301 words.

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