- OMV’s Clean CCS net income for the second quarter was EUR 385 million, falling short of the estimated EUR 417 million.
- The company’s Clean CCS operating profit reached EUR 1.03 billion, slightly below the anticipated EUR 1.05 billion.
- The Chemicals & Materials division reported a clean operating profit of EUR 200 million, missing the projected EUR 240.4 million.
- Fuels & Feedstock saw a clean CCS operating profit of EUR 242 million, exceeding the estimate of EUR 223.5 million.
- Overall net income was EUR 242 million, representing a 36% year-over-year decrease and falling short of the expected EUR 409.8 million.
- Sales revenue was reported at EUR 5.79 billion, less than the projected EUR 6.75 billion.
- CEO Stern highlighted a robust cash flow from operating activities valued at EUR 1 billion and emphasized the strength of the company’s solid balance sheet and integrated business model.
- Investor sentiment is mixed with 9 buy recommendations, 10 holds, and 3 sells.
A look at OMV AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
OMV AG, a company that explores for and refines crude oil and natural gas, demonstrates a promising long-term outlook based on Smartkarma’s Smart Scores. With a top-notch score of 5 in Dividend and a solid score of 4 in Value, OMV AG seems to offer attractive returns to investors while maintaining a strong financial profile. Additionally, with respectable scores in Growth, Resilience, and Momentum at 3 each, the company shows potential for sustainable growth and stability in the market.
OMV AG‘s diversified operations, including the sale of refined products and the manufacturing of plastics for various industries, provide a stable revenue stream and potential for expansion. With a balanced blend of financial strength and growth opportunities, OMV AG appears well-positioned to navigate challenges and capitalize on market movements in the long run, making it a favorable investment choice for those seeking steady returns with the potential for growth.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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