Clean CCS Operating Result
In EUR mn |
|
|
|
||
|---|---|---|---|---|---|
|
2024 |
2023 |
Δ |
||
Clean CCS Operating Result1 |
5,141 |
6,024 |
–15% |
||
Special items |
–764 |
–668 |
–14% |
||
thereof personnel restructuring |
–15 |
–6 |
–163% |
||
thereof unscheduled depreciation/write-ups |
–504 |
–44 |
n.m. |
||
thereof asset disposal |
23 |
208 |
–89% |
||
thereof other |
–268 |
–827 |
68% |
||
CCS effects: inventory holding gains (+)/losses (–) |
–123 |
–130 |
6% |
||
Operating Result Group |
4,254 |
5,226 |
–19% |
||
|
|||||
Clean CCS Operating Result1
In EUR mn
With a result of EUR 5.1 bn, OMV achieved a strong clean CCS Operating Result in 2024. It declined from the 2023 result by 15% driven by a less favorable market environment. While the contribution from Chemicals increased substantially, the clean CCS Operating Result of Fuels & Feedstock and Energy decreased following lower natural gas sales, oil prices and refining margins.
Clean CCS Group tax rate1
Coming in at 45%, the clean CCS Group tax rate increased by 2 percentage points compared to 43% in the previous year, stemming from an increased share in the overall Group profits of the Energy segment companies located in countries with a high tax regime.
Clean CCS net income attributable to stockholders of the parent1
In EUR mn
The clean CCS net income attributable to stockholders of the parent in the amount of EUR 2.1 bn decreased compared to EUR 2.6 bn in 2023 following the Operating Result.
Leverage ratio1
OMV’s financial performance resulted in only a moderate increase in the leverage ratio to 12% in 2024 from 8% in the previous year. This continues to demonstrate OMV’s financial strength despite ongoing investing activities and while maintaining a high dividend payout to shareholders.
Clean CCS ROACE1
Driven by the strong operational performance, OMV was able to deliver a clean CCS NOPAT of EUR 2.7 bn in 2024, compared to EUR 3.3 bn in 2023. The marginal increase in average capital employed of 1% and the lower clean CCS NOPAT led to a decrease in the clean CCS ROACE from 12% in 2023 to 10% in 2024.
Cash flow from operating activities excl. net working capital effects1
In EUR mn
In 2024, cash flow from operating activities excluding net working capital effects increased to EUR 5.3 bn (2023: EUR 4.6 bn), supported by lower income tax payments.
Organic free cash flow before dividends1
In EUR mn
Organic free cash flow before dividends of EUR 2.0 bn was recorded in 2024, 13% below the prior year’s level.
Organic capital expenditure1
In EUR mn
Organic capital expenditure was stable at EUR 3.7 bn as the decrease in investments in Fuels & Feedstock and Chemicals was offset by an increase in investments in Energy.
NOPAT is a KPI that shows the financial performance after tax, independent of the financing structure of the company.