The renewables division has been particularly resilient in this crisis with higher volumes than expected, due to good operational performance and a turnaround in postponements. Renewables margins were down by only 10% over the quarter, partly due to sales optimisation. Lastly, management expects stable sales in the third quarter. All of this is positive for the company, and reassuring after the cautious stance taken in Q1.
23 Jul 2020
Q2: volumes and market optimisation mitigate margin decline
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Q2: volumes and market optimisation mitigate margin decline
Neste Corporation (NESTE:HEL) | 0 0 0.5% | Mkt Cap: 14,943m
- Published:
23 Jul 2020 -
Author:
Kevin VO -
Pages:
2
The renewables division has been particularly resilient in this crisis with higher volumes than expected, due to good operational performance and a turnaround in postponements. Renewables margins were down by only 10% over the quarter, partly due to sales optimisation. Lastly, management expects stable sales in the third quarter. All of this is positive for the company, and reassuring after the cautious stance taken in Q1.