MOL exceeds market expectation in Q2 2024
Group-level clean CCS EBITDA reached USD 825 mn, up 101% YoY and 15%QoQ. Clean operating results totalled USD 543 mn, reflecting a 267% YoY and
27% QoQ increase, primarily due to the absence of significant extraordinary
taxes that impacted the previous year and quarter.
MOL significantly exceeded market expectations, driven by stronger-thanexpected Downstream performance and robust growth in Consumer Services.
While a positive market reaction is anticipated following the results, concerns
remain regarding the sharply declining refining margin and reduced production at
ACG.
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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