OMV almost quadruples core operating profit in fourth quarter


Current clean cost of supplies (CCS) earnings before interest and tax (EBIT), which excludes special items and inventory gains or losses, reached €2.00 billion ($2.26 billion) in three months to December, slightly beating analysts’ forecasts of 2.12 billion euros and up from 524 million euros in 2020, the group said.

OMV also said it had received a binding offer of 455 million euros for the nitrogen business of its subsidiary Borealis from EuroChem, which aims to expand its global production and distribution capacities.

($1 = 0.8850 euros)



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