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OMV’s Performance Still Impacted by Libyan Production Shortfalls

Published: November 9, 2011; 18:15 · (Vindobona)

The Austrian oil and gas company reported strong results for the first nine months of the year. Group EBIT was up by 11% year-on-year.

OMV’s Performance Still Impacted by Libyan Production Shortfalls / Picture: © OMV AG

OMV on Wednesday reported results for the period from January to September 2011. Results benefited from the average Brent price in USD being 45% higher than in 9m/10 while, at the same time, significant special charges were recognized in 9m/10. The Group’s EBIT of € 1,937m was 11% above the level of 9m/10. The EBIT contribution of Petrom amounted to € 893m, a 86% increase. The net…

This article includes a total of 416 words.

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