Hungarian oil and gas group MOL is to publish weak results for the third quarter of 2013, according to analysts’ estimates in a Portfolio.hu poll. Such poor performance would not be a huge surprise, in view of what INA and OMV reported for Q3. MOL’s EBITDA (earnings before interest, taxes, depreciation and amortization) is seen down by more than 20% year on year and all segments are expected to report a decline in EBIT. The forecasts collected by Portfolio.hu are for profits cleaned of one-off items, but the reported numbers could undershoot even these, because of a major write-down may be related to the restructuring of the Mantova refinery. MOL is to publish its Q3 earnings report early on Friday.
Analysts expect MOL to report a massive drop on the main profit rows in Q3. Clean CCS EBITDA is expected to show an over 20% decline over the third quarter of 2012 and clean CCS EBIT plummeted by 50% yr/yr, according to the consensus estimate.
Charting is displayed using TradingView's technology, a platform, where you can build advanced charts,
spot upcoming trends in the stock screener, and find inspiration in multiple trading ideas
