Motor Oil <MORr.AT/MOH GA – Outperform>
1Q16 results preview
Motor Oil will announce 1Q16 results today after market close.
On a Parent level we expect sales volumes +7.2% y/y to 3,061MT, adj. gross profit of EUR142m vs. EUR161m a year before, adj. EBITDA up by 6.0% y/y to EUR101m and adj. net profit +11.4% y/y to EUR50m.
On a Group level we forecast adj. gross profit of EUR200m vs. EUR218m a year ago, adj. EBITDA +4.1% y/y to EUR118m and adj. net profit up by 6.3% y/y to EUR51m.
Management will host a conference call tomorrow at 17:30 GR time.