In the January – March period, the diesel fuel sales of Hungarian MOL Group on the Romanian market increased by 2.5 percent, compared to the same period last year, a press release informs, quoting earnings report. As for gasoline, volumes stood at the same level.
Globally, the MOL group reported a 2 percent increase in CCS EBITDA operating result, to USD 625 million.
“As oil prices kept on climbing and regional demand remained robust, and as refinery and petchem margins came under pressure, impressive earnings growth of the Upstream and Consumer Services segments more than offset the lower Downstream profits,” Chairman-CEO Zsolt Hernádi said, commenting on the Q1 results.
MOL said it is “well on track” to achieving its target for EBITDA of USD 2.2 bln (approx. HUF 577 bln) for the full year.