Report
Mihaly Gajda

MOL - MOL Beats Consensus On Clean CCS EBITDA, Driven By Refining And Retail, Petrochemicals Remain A Drag

Clean CCS EBITDA came in at USD 974 mn, beating both market consensus
(USD 943 mn) and our estimates (USD 990 mn). The biggest positive surprise
came from Refining within Downstream and the exceptionally strong performance
of Consumer Services. Petrochemicals remained a heavy loss-maker, as
expected, with a worsening outlook. However, Waste Management delivered a
large and unexpected loss with limited commentary.
Underlying
MOL Nyrt

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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