The partly state-listed OMV announced in its fourth-quarter trading update on Thursday that the serious technical defect at the Schwechat refinery in the summer of last year caused an insured value of 175 million euros. “This amount will be reflected in Clean CCS operating income in Q4/22. However, this will only have an effect on cash in 2023,” the gas and oil company said on Thursday.
On the balance sheet for 2022 and the outlook for this year, it also said: “Based on the preliminary financial key figures, we expect the solidarity levy in Austria for 2022 to have a negative impact of around EUR 150 million. In 2023 – be effective .”
The solidarity levy of 33% on profits that have been 20% above average over the past four years is an initiative of the EU and was announced at the end of September 2022. The money is intended to finance emergency aid for citizens and businesses.
Company expects only “marginally positive results”
Looking back at the last quarter of the previous year, the company notes that OMV Petrom’s Gas & Power business area was significantly impacted by regulations with price restraints and excessive taxes on the gas and electricity businesses. “As a result, we expect only a marginally positive operating result before special items from Gas & Power Eastern Europe,” said OMV in a press release.
Source: Krone
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