The company posted a quarterly profit before tax of EUR 3.3 billion, more than tripling compared to the third quarter of 2021. After nine months, OMV now has a pre-tax profit of EUR 9.1 billion. Earnings per share after nine months rose from EUR 4.76 to 10.18 million, the ATX company announced on Friday morning.
From January to September this year, OMV generated sales of EUR 48.8 billion, an increase of 115 percent compared to the first three quarters of 2021, when sales amounted to EUR 22.2 billion. The clean CCS operating profit (adjusted for inventory effects) rose to 9.1 billion euros in this period, an increase of 129 percent.
As OMV explains in the quarterly report, sustained or increased disruptions in Russian supplies could lead to a further increase in European energy prices.
The currently extraordinarily high profits prompted the OMV Executive Board on Thursday evening to propose a special dividend of 2.25 per share to the shareholders. Of the total of EUR 736 million, the state holding company ÖBAG will receive around EUR 232 million and the sovereign wealth fund from Abu Dhabi, Mubadala, EUR 183 million.
Source: Nachrichten
