OMV Group announced production update for the third quarter ended September 30, 2015. For the quarter, the company reported total hydrocarbon production was 292 kboe/d against 311 kboe/d a year ago. The decrease was driven by lower production contributions from Romania.

The company provides earnings guidance for the third quarter ended September 30, 2015. For the quarter, the company expects to improve EBIT by approximately EUR 60 million. The total pre-tax cash inflow from the hedges is approximately EUR 86 million, thereof approximately EUR 68 million were recorded in third quarter. The group tax rate is expected to remain at historically low levels as in previous quarters, driven by the relatively strong contribution from both the Downstream operations as well as the performance of the at- equity consolidated companies.