OMV announces that its sales reached 8174 ME in Q1 2024, down 25%.

The Austrian group's operating income contracted by 10% to 1233 ME. Net income, Group share, however, rose by 20% to 468 ME, giving EPS of 1.43 euros (+20%).

Finally, FCF fell by 41% to MEUR 1003.

For 2024, OMV expects the average Brent crude oil price to be around USD 85/barrel (previous forecast: around USD 80/barrel; 2023: USD 83/barrel).

For 2024, the average realized gas price should be between 20 EUR/MWh and 25 EUR/MWh.


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