| | | Geschrieben am 10-11-2009 EANS-Interim Report: OMV Aktiengesellschaft / Zwischenmitteilung
 | 
 
 
 --------------------------------------------------------------------------------
 Intermediate report of the management transmitted by euro adhoc. The issuer
 is responsible for the content of this announcement.
 --------------------------------------------------------------------------------
 
 
 OMV: Report January  September and Q3 2009 including interim
 financial statements as of September 30, 2009 Increasing crude price
 and cost management improve results
 
 * Results down on record quarter last year: Clean CCS EBIT decreased
 by 49% to EUR 514 mn; Clean CCS net income after minorities was EUR
 259 mn influenced by a financial result significantly below Q3/08 *
 Environment has improved compared to Q2/09: Although the refining
 environment remains difficult, higher crude prices vs. Q2/09 and our
 efforts to reduce costs supported the Q3/09 result * Outlook for
 2009: We expect the main market drivers to remain volatile; in E&P,
 production should be supported by the recent start-up of new fields;
 in G&P, gas consumption will remain under pressure due to reduced
 industrial activity particularly in Romania; at Petrom, the planned
 refining investment is still under review
 
 Third quarter 2009 (Q3/09)
 
 In Q3/09, results reflected the steep year-on-year decline in crude
 prices and in refining margins. The average Brent price decreased by
 41% compared to Q3/08 and the OMV indicator refining margin dropped
 by 79%. The Group´s reported EBIT of EUR 553 mn was therefore
 significantly below the level of Q3/08. Petrom´s contribution to
 reported EBIT was up to EUR 210 mn, as last year´s result was
 burdened by the EUR 157mn impairment of Arpechim. The net financial
 result of EUR (20) mn was significantly below the Q3/08 level, mainly
 due to a lower contribution from Borealis and Petrol Ofisi as well as
 higher net interest charges. Net income after minorities of EUR 283
 mn was down compared to EUR 453 mn in Q3/08. Clean CCS EBIT was down
 by 49% at EUR 514 mn excluding net special charges of EUR 15 mn. The
 clean CCS EBIT is stated after eliminating inventory holding gains of
 EUR 54 mn. Petrom´s clean CCS EBIT was EUR 194 mn. Clean CCS net
 income after minorities was EUR 259 mn and clean CCS EPS after
 minorities was EUR 0.87.
 
 In Exploration and Production (E&P), clean EBIT decreased by 31%
 compared to Q3/08 to EUR 502 mn mainly due to the weaker oil price
 environment. The Group´s oil and gas production was 317,000 boe/d,
 slightly above the level of Q3/08.
 
 In Refining and Marketing (R&M), clean CCS EBIT was negative at EUR
 (14) mn, versus EUR 207 mn in Q3/08. The refining business was
 heavily impacted by low middle distillate spreads. The clean
 marketing result was slightly below the level of Q3/08. Retail sales
 volumes slightly increased, however, overall marketing volumes
 declined affected by the weak economic environment.
 
 In Gas and Power (G&P), clean EBIT was down 24%, due to lower results
 at Petrom. Gas supply, marketing and trading faced difficult market
 conditions as the slowdown in industrial activities due to the
 economic downturn lowered demand. The logistics business, however,
 benefited from higher volumes in transportation and storage.
 
 January-September 2009 (9m/09)
 
 In 9m/09, the average Brent price in USD was 48% lower than in 9m/08.
 Overall, the Group suffered from the drop in the oil price and in
 refining margins, with EBIT and net income below last year´s level.
 The Group´s EBIT of EUR 1,056 mn was 57% below the level of 9m/08;
 despite last year´s impairment of the Arpechim refinery, the EBIT
 contribution of Petrom amounted to EUR 337 mn, a decrease of 52%. The
 net financial result of EUR (116) mn decreased significantly, mainly
 reflecting the drop in dividend income after the MOL sale and the
 lower contribution from associates. Net income after minorities of
 EUR 468 mn was 70% below last year´s level. Clean CCS EBIT was 62%
 lower, at EUR 1,005 mn excluding net special charges of EUR 58 mn.
 The clean CCS EBIT is stated after eliminating inventory holding
 gains of EUR 109 mn. Petrom´s clean CCS EBIT contribution stood at
 EUR 303 mn, down by 66%. Clean CCS net income after minorities was
 EUR 479 mn and clean CCS EPS after minorities was EUR 1.60, 71% below
 9m/08. At the end of September, net debt of the Group was EUR 3,152
 mn and the gearing ratio stood at 31.5%.
 
 In E&P, clean EBIT decreased by 56% compared to 9m/08, mainly
 reflecting significantly lower price levels and slightly lower
 volumes, despite the positive hedging result for parts of the 2009
 oil production, that more than offset the negative hedging result for
 parts of the 2010 oil production. The Group´s oil and gas production
 stood at 313,000 boe/d, 1% below last year.
 
 In R&M, clean CCS EBIT was a negative EUR (95) mn, compared to EUR
 245 mn in 9m/08 reflecting the depressed margin environment in
 refining. The marketing result came in above the level of 9m/08.
 
 In G&P, clean EBIT decreased by 5%, due to lower results in Doljchim,
 which was burdened by lower demand and lower margins, partly offset
 by improved results of gas supply, marketing and trading.
 
 additional (optional) statements:
 For more Information:
 www.omv.com
 
 
 end of announcement                               euro adhoc
 --------------------------------------------------------------------------------
 
 
 ots Originaltext: OMV Aktiengesellschaft
 Im Internet recherchierbar: http://www.presseportal.de
 
 Further inquiry note:
 
 
 Branche: Oil & Gas - Downstream activities
 ISIN:    AT0000743059
 WKN:     874341
 Index:   ATX Prime, ATX
 Börsen:  Wien / official dealing
 
 
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