OMV's Higher-Than-Expected Dividend the Highlight of 4Q Results -- Market Talk
Dow Jones
Feb 04, 2025
0821 GMT - OMV delivered positive fourth-quarter results underlined by a better-than-expected dividend per share of 4.75 euros, Jefferies analysts Giacomo Romeo and Kai Ye Loh write. The Austrian oil and gas company's net income exceeded expectations by 14% due to a lower-than-expected tax rate and net financial result, they write. Despite reporting profit in-line with expectations, quarterly cash-flow generation was 10% lower than expected, they add. The company's 2025 guidance is now for lower-than-expected capital expenditure of 3.5 billion euros and weak production of 300,000 barrels of oil-equivalent a day, the analysts write. Shares fall 0.9% to 38.84 euros. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 04, 2025 03:22 ET (08:22 GMT)
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