OMV: Market Expects Improvement in Results

Business › n.a. ♦ Published: February 21, 2012; 19:08 ♦ (Vindobona)

The Austrian oil company OMV reports its figures for the fourth quarter of 2011 tomorrow. Analysts anticipate a rise in earnings.

OMV: Market Expects Improvement in Results / Picture: © Wikimedia Commons / DanielZanetti [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)]

According to estimations, OMV recorded better results in the last quarter than in the third quarter of the financial year 2011. Net Profit after minorities is expected to amount to € 269m in the fourth quarter of 2011. In the third quarter, net profits reached € 233m, in the fourth quarter of 2010, net profits totaled € 216m.

EBIT is anticipated to account for € 608m…

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