Lower Refining Margins Hurts EBIT for OMV – ValueWalk Premium

Lower Refining Margins Hurts EBIT for OMV

OMV AG (ADR) (OTCMKTS:OMVKY) (ETR:OMV) (FRA:OMV) released its financial results for 2Q 2013 this morning and revealed that the EPS for OMV stood at 0.981, slightly below the consensus estimates of 0.9825. Overall company revenues grew at a reasonable pace but the EBIT was unable to keep up with the growth amidst declining refining margins and gas and power issues. As a result, clean CCS EBIT declined . . .

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