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Strong Growth in Results for OMV

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: © OMV AG

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.

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This article includes a total of 300 words.

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