April 30, 2024 07:20 GMT
OMV AG (A3/NR/A-) Q1 Headline Results Ahead Of Consensus; EUR Spreads Muted
ENERGY SECTOR
- Q1 Clean CCS op result looks 15% ahead of the median company-provided consensus at -29% YoY largely driven by a beat in the largest Energy segment. Equity may be happy with Clean CCS net income 22% of the company-provided consensus.
- Q1 CFO ex. Net WC was of EUR 1.9bn came in 35% ahead of company-provided consensus at -7% YoY while straight CFO of EUR 1.8bn was 16% ahead at -32% YoY.
- FY24 guidance confirmed. EUR spreads muted.
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