If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Monday, August 20, 2018 
Market Status: OPEN
About us and Governance Investor Relations Contact
Advanced search

Market News


OMV PETROM S.A. - SNP

Q1 2018 financial results

Release Date: 5/3/2018 8:00:10 AM

IRIS Code: 5E570

OMV Petrom Group: results for January March 2018

including unaudited interim condensed consolidated financial statements as of and for the period ended March 31, 2018

Highlights Q1/18

u Clean CCS Operating Result at RON 958 mn, up 25% yoy

u EPS at RON 0.0151, 38% higher yoy

u Free cash flow at RON 729 mn, up 13% yoy

u Clean CCS ROACE at 10.5%

The Q1/18 Clean CCS Operating Result increased to RON 958 mn, with Upstream contributing around two thirds of the total. Upstream benefitted from higher realized oil and gas prices, fully offsetting the production decline and the negative foreign exchange effects. The Downstream Oil Clean CCS Operating Result declined by 13% yoy due to a decrease of around USD 1/bbl of the refining margin, partly offset by higher retail sales. The Downstream Gas Clean Operating Result more than doubled yoy, mainly driven by improved power business.

All the above translated into an operating cash flow of RON 1.8 bn in Q1/18, 42% higher yoy. During the quarter, we made investments of RON 843 mn, 139% up yoy. The CAPEX increase was mainly driven by a high level of drilling activity and preparations related to the planned refinery turnaround.

Q1/18

Q4/17

Q1/17

Δ%

Key performance indicators (in RON mn)

2017

958

573

767

25

Clean CCS Operating Result

3,273

1,080

820

798

35

Operating Result

3,270

752

434

586

28

Clean CCS net income attributable to stockholders

2,488

854

642

619

38

Net income attributable to stockholders

2,491

0.0133

0.0077

0.0103

28

Clean CCS EPS (RON)

0.0439

0.0151

0.0113

0.0109

38

Earnings Per Share (RON)

0.0440

1,796

1,508

1,262

42

Cash flow from operating activities

5,954

729

664

646

13

Free cash flow after dividends

2,666

-

-

-

n.a.

Dividend/share (RON)

0.020

Please access the link here below to view the full report.



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved