OMV reported EBIT of EUR3.1 billion, up 24% from EUR2.5 billion in 2011.
The group’s clean CCS EBIT, adjusted for special items, totaled EUR3.47 billion in 2012, 35% higher on the year. Clean EBIT contribution of Petrom amounted to EUR1.3 billion, a 2% increase from EUR1.29 billion in the previous year, OMV said.
OMV posted consolidated sales of EUR42.6 billion in 2012, up 25% on the year.
“In 2012, we managed to deliver a record financial performance while successfully advancing our strategy. We benefited from the return of production in Libya and from a stabilized, on-target production in Romania and Austria. The E&P project pipeline was significantly strengthened and the major deep water gas discovery in the Romanian Black Sea, as well as the acquisitions in Norway, have all laid the ground for further growth,” said Gerhard Roiss, Chief Executive Officer of OMV.
OMV holds a 51% stake in Petrom. Romanian Economy Ministry holds a 20.6% stake, while investment fund Fondul Proprietatea owns 20.11% of the company’s shares.
Petrom reported a record net profit of 3.95 billion lei (EUR901 million) in 2012, up 5% from RON3.76 million reported a year earlier.
On the Bucharest market Wednesday, Petrom closed up 3.02% at RON0.4471 a share. (EUR1=RON4.3799)