OMV Doubles Net Profit and Achieves 2018 Most Profitable Result in Company History

EnergyOil & Gas ♦ Published: February 7, 2019; 21:01 ♦ (Vindobona)

Austria's largest and listed industrial company, the oil and gas group OMV, achieved its most profitable result in the company's history in 2018 with a net profit of almost two billion euros.

OMV: Consolidated sales in 2018 increased by 13% to EUR 22,930 mn. / Picture: © Wikimedia Commons / DanielZanetti [CC BY 3.0 (]

The listed oil and gas group OMV more than doubled its profit for the period to 1.99 billion euros in 2018.

Earnings per share rose from 1.33 to 4.40 euros.

The dividend is to be raised from 1.50 euros to 1.75 euros.

Annual sales rose by 13 percent to Euro 22.930 billion, the CCS (Current Cost of Supplies) operating result before special effects by 23 percent to…