OMV doubles profit, future E-station, sale of Petrol Ofis Turkey with loss-re-cycling in currency transactions

Mr. Reinhard Florey (CFO) interviewed by Peter Heinrich

The business in the first half year 2017 in the oil production run well. Operating profit rose from minus 40 to 343 million euros. How is the recycling of FX losses in the course of the sale of OMV Petrol Ofis Turkey? In Q2, OMV increased its sales by 12% to EUR 5.15 billion thanks to higher prices. The OMV refinery Schwechat was renewed for EUR 110 million. How is the profit margin between oil production and the price at the service station?

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