Report

OMV Petrom - Better than expected Q2/21 results

OMV Petrom reported Q2/21 clean CCS EBIT at RON 851 mn, 16% higher than our
estimate of RON 735 mn, and up by 209% YoY. Clean CCS net income attributable to
stockholders came in RON 675 mn (+113% % YoY), implying clean CCS EPS of RON
0.0119, as against our estimate of RON 570 mn.

Underlying
OMV Petrom SA GDR

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
Attila Vago

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