Article Tools

OMV: Rise in Revenues and Earnings Awaited

Published: May 7, 2012; 18:47 · (Vindobona)

Analysts expect the Austrian oil and gas company to record substantially improved results. Profits should rise by 57.5%.

OMV: Rise in Revenues and Earnings Awaited / Picture: © Vindobona.org

On Wednesday, OMV presents its results of the first quarter 2012. Analysts of RCB (Raiffeisen Centralbank) and Erste Group expect OMV to record higher revenues and earnings. The operating result is forecasted to decline slightly. Above all, the Gas & Power Segment (G&P) is OMV´s growth driver. Furthermore, the rising production volume in Libya and the higher oil price are seen…

This article includes a total of 197 words.

or Log In

Fast News Search