Strong Growth in Results for OMV

EnergyOil & Gas ♦ Published: February 24, 2011; 00:08 ♦ (Vindobona)

The Austrian energy company OMV records a strong increase in EBIT as well as profitability.

Strong Growth in Results for OMV / Picture: © Wikimedia Commons / Priwo [Public Domain]

OMV shows a strong full year performance: EPS is up by 61% to EUR 3.08. Clean results up vs. Q4/09: Clean CCS EBIT increased by 37% to € 567m supported by the higher crude price, better refining margins and a strong G&P business; clean CCS net income after minorities is up 85% to € 216m. The proposed dividend of € 1.00 per share is at previous year’s level.