Edition:
United Kingdom

MOL Plc (MOLB.BU)

MOLB.BU on Budapest Stock Exchange

3,146.00HUF
14 Dec 2018
Change (% chg)

50.00 Ft (+1.61%)
Prev Close
3,096.00 Ft
Open
3,108.00 Ft
Day's High
3,148.00 Ft
Day's Low
3,062.00 Ft
Volume
492,586
Avg. Vol
750,471
52-wk High
3,220.00 Ft
52-wk Low
2,488.00 Ft

Latest Key Developments (Source: Significant Developments)

MOL raises EBITDA guidance for coming years, sees increase in dividend
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - MOL Plc says in investor presentation::* Clean EBITDA guidance for 2019-2021 raised by around 10 percent to 2.2-2.4 bln.* Strategic projects expected to lift EBITDA to USD 2.4-2.6 billion by 2022-23.* Strong cash flow allows for continued steady increase in base dividend per share in next 5 years .* downstream to deliver net savings by 2023.* Consumer Services expected to generate over USD 500 million in EBITDA by 2023 .* Upstream aims to maintain production at 100,000 to 110,000 barrels per day through 2023.  Full Article

MOL Q3 net profit nearly doubles y/y, to "meet or exceed" 2018 EBITDA target
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - MOL Plc says in its third-quarter earnings report::* Third-quarter 2018 net profit up 89 pct y/y to HUF 90 bln, beats 78.6 bln forecast in business web site Portfolio.hu survey.* Net quarterly profit highest since 2015 on rising oil prices.* Clean EBITDA rose 32 pct y/y to HUF 197.4 bln.* Chairman Hernadi says group on track to "meet or exceed" annual EBITDA guidance of $2.4 bln .* Leaves 2018 CAPEX guidance at $1.1-1.3 bln.* Q3 upstream EBITDA up 70 pct y/y to $319 million on rising oil and gas prices.* Q3 downstream clean EBITDA broadly flat at $262 million despite "materially weaker margins".  Full Article

MOL eyes next steps in its 2030 strategy
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - MOL MOL.BU Executive Chairman Zsolt Hernadi says::*MOL COMMITTED TO ITS 2030 STRATEGY -HERNADI.*MOL HAS FURTHER IDEAS AFTER POLYOL PLANT STARTS .*MOL WANTS TO MOVE TOWARDS HALF-COMMODITY AND THEN SPECIALISED PRODUCTS IN CHEMICAL INDUSTRY.*WON'T HAVE TO WAIT LONG FOR ANNOUNCEMENT ABOUT NEXT STEP IN IMPLEMENTATION OF STRATEGY - HERNADI.  Full Article

MOL signs deals with Thyssenkrupp for construction of polyol plant
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - MOL MOL.BU says in statement::*HUNGARY'S MOL SAYS IT HAS SIGNED DEALS WITH THYSSENKRUPP INDUSTRIAL SOLUTIONS AG RELATING TO ENGINEERING, PROCUREMENT AND CONSTRUCTION OF ITS POLYOL PLANT IN EASTERN HUNGARY.*CONSTRUCTION OF POLYOL PLANT STARTS IN Q4 2018.*TOTAL INVESTMENT RELATED TO POLYOL PLANT IS EUR 1.2 BLN .*MOL'S STRATEGIC POLYOL PROJECT "HAS REACHED A MILESTONE" - EXECUTIVE CHAIRMAN ZSOLT HERNADI SAYS IN STATEMENT.*POLYOL PLANT EXPECTED TO START PRODUCTION IN H2 2021.  Full Article

Croatian INA board sets up data room for possible transactions -MOL
Friday, 29 Jun 2018 

June 29 (Reuters) - MOL Plc ::MANAGEMENT BOARD OF INA D.D. APPROVED TO SET UP A PROJECT SPECIFIC DATA ROOM IN RELATION TO INA.PROCESS INITIATED BY THE REQUEST OF THE MINISTRY OF ENVIRONMENT AND ENERGY OF THE REPUBLIC OF CROATIA.DATA ROOM SET UP FOR DUE DILIGENCE PURPOSE AND POSSIBLE TRANSACTIONS RELATED TO THE SHAREHOLDERS' STRUCTURE IN INA.  Full Article

MOL Plc reports Q1 net profit of $238 mln
Thursday, 3 May 2018 

May 3 (Reuters) - MOL Plc ::HUNGARY'S MOL PLC SAYS CLEAN CCS EBITDA ROSE 2 PERCENT YEAR-ON-YEAR TO $625 MILLION IN Q1 2018.HUNGARY'S MOL PLC SAYS WELL ON TRACK TO ACHIEVE ITS ANNUAL $2.2 BILLION EBITDA TARGET.HUNGARY'S MOL SAYS Q1 UPSTREAM EBITDA INCREASED YEAR-ON-YEAR BY 31 PERCENT AND REACHED $287 MILLION DUE TO RISING OIL PRICES, HIGHER PRODUCTION, LOWER COSTS.HUNGARY'S MOL PLC SAYS Q1 2018 NET PROFIT AT US$238 MILLION.HUNGARY'S MOL SAYS Q1 DOWNSTREAM CLEAN CCS EBITDA FELL BY 33 PERCENT TO $218 MILLION FROM ALL-TIME HIGH A YEAR AGO AS REFINERY, PETROCHEMICALS MARGINS FELL.  Full Article

MOL does not expect significant decline in oil prices for years - Hernadi
Thursday, 12 Apr 2018 

April 12 (Reuters) - MOL Plc executive chairman Zsolt Hernadi says after shareholder meeting::*does not expect significant decline in oil prices until 2020s.*expects Central European GDP growth to remain strong.*sees Washington arbitration court decision regarding INA/Croatia around the end of this year.*MOL looking at CEE - primarily Hungary and Croatia -- and Russia, Pakistan, Oman - when it comes to acquisitions in upstream. These are countries were it expects to carry out substantial analyses - Hernadi.*when asked about April 8 election result: says PM Viktor Orban's economic programme was reassuring, ensures stability.  Full Article

MOL says ready to carry out investments in INA
Thursday, 12 Apr 2018 

April 12 (Reuters) - MOL Plc executive chairman Zsolt Hernadi says after shareholder meeting::* Shareholder meeting approved board's dividend proposal which includes extra dividend.* MOL ready to carry out efficiency improvements and investments in Croatian INA INA.Z.* MOL would like Croatian government to issue further exploration licences - Hernadi.  Full Article

MOL Q3 net profit below forecast, affirms 2017 EBITDA guidance
Friday, 3 Nov 2017 

Nov 3 (Reuters) - MOL Plc says in its third-quarter earnings report::* Company on track to deliver on full-year 2017 EBITDA guidance of $2.3 billion - Chairman and Chief Executive Zsolt Hernadi says in report.* Says launching its downstream programme which would deliver $500 million in additional EBITDA with over $2 billion investments by 2022.* Downstream performed weaker in third quarter as contribution from both petrochemicals and refining declined due to lower wholesale margins and lower product sales.  Full Article

MOL signs contract with Thyssenkrupp for polyol production
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - MOL Plc statement says::*Signs contract with Thyssenkrupp Industrial Solutions Ltd for purchase of technology licenses and process design packages for production of polyether polyols and propylene glycols.*The polyol plant will be the largest investment project of MOL Group in 2017-21.*Polyether polyols is main direction of MOL's petrochemical expansion due to wide application in automotive, construction, packaging and furniture industries.*Oil and gas group MOL invests in semi-commodity and specialty chemicals products as part of its 2030 strategy.  Full Article

Croatia's INA to stop processing at biggest refinery for Q1 maintenance

ZAGREB, Dec 14 Croatian energy group INA's biggest refinery, located in the northern Adriatic port of Rijeka, will undergo a planned maintenance from January to mid-April next year, the company said on Friday.