OMV - OMV Outperforms Expectations, Driven By Strong Refining Performa...

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 broa...