OMV Group Report January–June and Q2 2021
including condensed consolidated interim financial statements as of June 30, 2021
Key Performance Indicators1
Group
- Clean CCS Operating Result increased significantly to EUR 1,299 mn
- Clean CCS net income attributable to stockholders of the parent amounted to EUR 643 mn, clean CCS Earnings Per Share were EUR 1.97
- Cash flow from operating activities excluding net working capital effects grew substantially to EUR 1,725 mn
- Organic free cash flow before dividends totaled EUR 948 mn
- Clean CCS ROACE at 8%
- Total Recordable Injury Rate (TRIR) at 0.94
Exploration & Production
- Production grew by 26 kboe/d to 490 kboe/d
- Production cost increased by 9% to USD 6.8/boe
Refining & Marketing
- OMV refining indicator margin Europe declined by 2% to USD 2.2/bbl
- Natural gas sales volumes increased by 37% to 44.4 TWh
Chemicals & Materials
- Polyethylene indicator margin Europe increased by 105% to EUR 803/t, polypropylene indicator margin Europe grew by 98% to EUR 898/t
- Polyolefin sales volumes decreased by 3% to 1.42 mn t
Key events
- On July 1, 2021: Borealis acquires a minority stake in Renasci N.V. to jointly develop novel recycling solutions
- On June 8, 2021: OMV and MOL Group reach agreement for MOL Group to acquire OMV Slovenia
- On June 1, 2021: OMV appoints Alfred Stern as new CEO
- On May 31, 2021: OMV and VERBUND close purchase of 51% interest in Gas Connect Austria
- On May 19, 2021: OMV’s industry association memberships in alignment with the Paris Agreement – Review 2021
- On May 17, 2021: OMV Petrom closes the divestment of the production assets in Kazakhstan
- On April 30, 2021: SapuraOMV agrees to divest its stakes in Peninsular Malaysia producing assets
- On April 26, 2021: Chairman of the Executive Board and CEO Rainer Seele will not make use of the extension option
- On April 16, 2021: OMV appoints new Executive Board member for Refining division
OMV Group Report (PDF, 4.3 MB)
1 Figures reflect the Q2/21 period; all comparisons described relate to the same quarter in the previous year except where otherwise mentioned.
