Concorde Securities - OMV AG OMV - OMV Outperforms Expectations, Driven By Strong Refining Performance

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Concorde Securities

Mihaly Gajda

OMV - OMV Outperforms Expectations, Driven By Strong Refining Performance

OMV reported clean CCS EBIT of EUR 1,262 mn in Q3 2025, up 22% QoQ and
20% YoY, beating both the analyst consensus (EUR 1,168 mn) and
Concorde’s estimate (EUR 1,173 mn). The outperformance was mainly driven by
a strong contribution from Fuels & Feedstock (refining), particularly from ADNOC,
the equity-consolidated Middle Eastern joint venture, which delivered EUR 52 mn
versus virtually zero in the previous quarter. Consensus likely assumed less than
EUR 10 mn. Other segments performed broadly in line with expectations.

04/11/2025 9 EN

Underlying

OMV AG

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AT000074305L

Provider

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.

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Analysts

Mihaly Gajda

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OMV - OMV Outperforms Expectations, Driven By Strong Refining Performance

Erste - Erste Beats Analyst Expectations Due To Strong NII And NFCI

Raiffeisen - Raiffeisen Beats Estimates On NII, Costs, And Provisions

Petrom - OMV Petrom Misses EBIT Consensus Slightly, Beats On Profit With One-Off Financial Gain

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