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| Name | Symbol | Market | Type |
|---|---|---|---|
| Omv Ag Bearer (PK) | USOTC:OMVKY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.44 | 12.44 | 12.44 | 0.00 | 00:00:00 |
From Mar 2022 to Mar 2025
By Giulia Petroni
OMV AG's shares rose on Friday after first-quarter results came in ahead of expectations as higher market prices mitigated the effects of a previously announced hit from the company's Russian businesses.
At 0808GMT, shares trade 4.6% higher at EUR48.68.
The Austrian oil-and-gas company reported strong quarterly results, with adjusted net profit 8% above consensus expectations and better-than-expected earnings across all segments, according to analysts at Jefferies.
The clean CCS operating result--or operating earnings without one-off special effects and adjusted by the current cost of supply--of the exploration and production segment came it at 1.77 billion euros, ($1.86 billion) and 7% ahead of expectations.
Its cash flow also beat consensus, increasing sharply in the quarter as it benefited from a more favorable market environment.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 29, 2022 04:29 ET (08:29 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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