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MOL Group 2021 results

03/09/2022   •   Customer news
MOL Group 2021 results
MOL Group announced its financial results for Q4 and full year 2021. In a very volatile external environment, MOL Group generated USD 947mn Clean CCS EBITDA in Q4, bringing full-year clean CCS EBITDA to an all-time high USD 3.531bn, above the updated guidance. Simplified free cash flow tripled since last year and amounted to USD 1,988mn, mainly driven by the favorable oil and gas prices and refinery/petrochemical margins. The achieved financial results of the MOL Group are: 

1. Full-year 2021 Clean CCS EBITDA reached USD 3.531 bn, exceeding the upgraded annual guidance of USD 3.2bn 
2. Group-level Q4 2021 Clean CCS EBITDA more than doubled year-on-year and came in at USD 947mn 
3. Upstream Q4 2021 EBITDA rebounded by 184% to USD 513mn from the 2020 lows 
4. Downstream Q4 Clean CCS EBITDA increased by 165% compared to last year’s result to USD 352mn 
5. Consumer Services Q4 2021 EBITDA decreased by 10 % year-on-year, affected by the fuel price cap in Hungary and Croatia, while full-year result increased by 19% 
6. MOL sets 2022 EBITDA guidance at around USD 2.8bn 

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