Petrom exceeded expectations in Q3 2024
Key Message The company reported a clean CCS operating profit of RON 1,626 mn, marking a
36% decline YoY and a 18% increase QoQ. The strong decline on an annual basis
is attributable to significantly decreased refining margins, lower oil price and much
lower gas and power margins in gas and power segment, slightly offset by higher
gas prices. Quarterly improvement was driven by better retail performance, lower
gas storage obligations and slightly better gas prices.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.