Q1 results came in slightly below consensus expectations: comparable operating profit at €204m (vs. €175m in Q1 16), comparable net profit at €143m (vs. €146m in Q1 16). By division: 1) Oil Products: comparable operating profit was €126m (vs. €86m in Q1 16). The reference margin was $4.9/bbl (flattish vs. Q1 16). The additional margin stood at $6.1/bbl (vs. $5.6/bbl in Q1 16). The utilisation rate at Porvoo was 91% (vs. 88% in Q1 16), and at Naantali 70% (vs. 62%
27 Apr 2017
Q1 17 slightly below consensus
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Q1 17 slightly below consensus
Neste Corporation (NESTE:HEL) | 0 0 0.5% | Mkt Cap: 14,943m
- Published:
27 Apr 2017 -
Author:
Marzio Foa -
Pages:
2
Q1 results came in slightly below consensus expectations: comparable operating profit at €204m (vs. €175m in Q1 16), comparable net profit at €143m (vs. €146m in Q1 16). By division: 1) Oil Products: comparable operating profit was €126m (vs. €86m in Q1 16). The reference margin was $4.9/bbl (flattish vs. Q1 16). The additional margin stood at $6.1/bbl (vs. $5.6/bbl in Q1 16). The utilisation rate at Porvoo was 91% (vs. 88% in Q1 16), and at Naantali 70% (vs. 62%