MOL Group releases 2017 Half Year report

• Clean CCS EBITDA rose 20% to USD 684mn in Q2 2017, bringing H1 EBITDA to USD 1.3bn, also 20% higher year-on-year as all operating segments increased their earnings contribution in H1.
• Simplified free cash flow jumped to USD 940mn in H1 2017, up by 42%, as organic capex was USD 357mn in the period
• Net profit reached USD 639mn in H1, 17% higher than a year ago
• Clean CCS EBITDA guidance for full-year 2017 is upgraded to above USD 2.3bn, while organic capex guidance is reduced to around USD 1bn, implying at least USD 1.3bn simplified free cash flow for the year

Zsolt Hernádi, MOL Chairman & CEO, comments: 
“We are materially upgrading our full-year 2017 guidance to above USD 2.3bn Clean CCS EBITDA (from “USD 2bn+”) thanks to the very strong performance of the Group in the first half of the year, which is a further testament to our resilient integrated business model and asset quality. We have also reached a significant milestone in our petchem transformation journey set out in the 2030 strategy as we have recently signed key licencing contracts for our flagship Polyol Project. Progressing with the MOL 2030 strategy is as much of a priority as to continue to generate the maximum return on our existing assets.“

For further information, please contact Investor Relations:

Tel: +36 1 464 1395
Email: investorrelations@mol.hu