OMV Group Report January–December and Q4 2020
including preliminary consolidated financial statements as of December 31, 2020
Key Performance Indicators1
Group
- Clean CCS Operating Result came in at EUR 524 mn
- Clean CCS net income attributable to stockholders amounted to EUR 219 mn,
- clean CCS Earnings Per Share were EUR 0.67
- Cash flow from operating activities excluding net working capital effects 2 of EUR 830 mn
- Organic free cash flow before dividends of EUR 126 mn
- Clean CCS ROACE at 5%
- Lost-Time Injury Rate at 0.35
- Cost savings of more than EUR 300 mn versus 2019 achieved 3
- Dividend Per Share of EUR 1.85 proposed 4 ; increase of 6% compared to the previous year
Upstream
- Production decreased to 472 kboe/d
- Production cost decreased to USD 6.2/boe
Downstream
- OMV refining indicator margin significantly declined by 66% to USD 1.7/bbl
- Natural gas sales volumes increased by 13% to 50.4 TWh
Key events
- On February 4, 2021: OMV changes corporate structure and appoints new Executive Board member
- On January 20, 2021: Additional petrochemical investments in Burghausen Refinery
- On December 29, 2020: OMV Petrom divests production assets in Kazakhstan
- On December 15, 2020: OMV invests around EUR 200 mn in biofuel production at Schwechat Refinery
- On December 14, 2020: EG Group acquires OMV filling station business in Germany
- On December 10, 2020: OMV retains its leadership score in CDP Climate Change
- On December 3, 2020: OMV and VERBUND start up Austria’s largest photovoltaic plant
- On November 19, 2020: OMV listed in Dow Jones Sustainability Index for third straight year
- On October 29, 2020: OMV and Mubadala complete Borealis transaction
1 Figures reflect the Q4/20 period; all comparisons described relate to the same quarter in the previous year except where otherwise mentioned.
2 Displayed as sources of funds in the cash flow statement
3 Initial target of around EUR 200 mn in OPEX savings and reduction of exploration expenditures
4 As proposed by the Executive Board; subject to confirmation by the Supervisory Board and the Annual General Meeting 2021
OMV Group Report (PDF, 4,6 MB)
