OMV: Higher Profit than Expected

Businessn.a. ♦ Published: August 8, 2012; 12:37 ♦ (Vindobona)

In the second quarter, clean CCS EBIT was at € 865 mn, up 82% vs. Q2/11. Sales grew by 25%. Gearing ratio down to 31% vs. 34% in Q2/11.

OMV: Higher Profit than Expected / Picture: © Wikimedia Commons / Waerfelu [CC BY-SA 3.0 (]

Gerhard Roiss, CEO of OMV: “In the first half year of 2012, we continued our strong operating performance despite a very volatile political and economic environment. The implementation of our strategy which focuses on growth in upstream is taking shape. On top of the gas discovery in the Black Sea offshore Romania in February, we recently recorded important milestones…