Report
Mihaly Gajda

OMV - OMV Is Delivering on consensus and pays EUR 4.40 Dividend

OMV reported Clean CCS EBIT of EUR 1,153 mn in Q4 2025, down 9% QoQ and
16% YoY. This was slightly below the analyst consensus of EUR 1,168 mn, but
above Concorde’s estimate of EUR 1,127 mn. Clean CCS profit attributable to
shareholders reached EUR 548 mn, in line with our expectations and above the
consensus of EUR 491 mn, as many analysts appear to have overlooked the
unusually low minority interest in the quarter. This reflects the fact that the largest
impairment was booked in Romania, where OMV owns 51%, resulting in a
relatively high minority interest impact.
Underlying
Provider
Concorde Securities
Concorde Securities

Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.

Analysts
Mihaly Gajda

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