|2022/09/19 / Erste Group Research|
OMV: Cashflows robust trotz schwächerem Zyklus
In unserem neuen Sektorreport zu den Öl- und Gaswerten in CEE erwarten wir eine 2023 eine Abschwächung des Öl- und Gaszyklus infolge der globalen Konjunkturabkühlung. Dennoch bleiben die Fundamentaldaten stark. 2023/24 erwarten wir einen Ölpreis von durchschnittlich USD 80/Fass. Die europäischen Gaspreise sollten 2023 auf erhöhten Niveaus von rund EUR 150/MWh verharren. Die Gewinne der Öl- und Gasunternehmen in CEE erwarten wir 2023 gegenüber den Rekordniveaus 2022 tiefer. Die OMV punktet mit einer robusten Cashflow Generierung und attraktiver Bewertung nach der jüngsten Kursschwäche.
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|Author||Erste Group Research|
|Topic in focus||Equities|
|Economy in focus||Austria|
|Currency in focus||Euro|
|Sector in focus||Automobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Oil & Gas, Real Estate, Technology, Telecommunications, Travel & Leisure, Utilities|
|Name||ISIN||# Erste Group products|
|DO & CO||AT0000818802||0|
|Marinomed Biotech AG||ATMARINOMED6||0|
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