Q2 comparable operating profit came in at €282m (vs. €78m in Q2 15), well above consensus estimates at €199m. Both Oil Products and Renewable products beat consensus. By division: 1) Oil Products: comparable operating profit was €149m (vs. €14m in Q2 15, when the Porvoo refinery underwent a turnaround), above consensus at €112m. The reference margin was $5.6/bbl (vs. $8.7/bbl in Q2 15). The additional margin remained at $5.6/bbl (as in Q1 16, vs. $2.1/bbl in Q2 1
28 Jul 2016
Renewable Products: boosted by the additional margin
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Renewable Products: boosted by the additional margin
Neste Corporation (NESTE:HEL) | 0 0 0.5% | Mkt Cap: 14,943m
- Published:
28 Jul 2016 -
Author:
Marzio Foa -
Pages:
3
Q2 comparable operating profit came in at €282m (vs. €78m in Q2 15), well above consensus estimates at €199m. Both Oil Products and Renewable products beat consensus. By division: 1) Oil Products: comparable operating profit was €149m (vs. €14m in Q2 15, when the Porvoo refinery underwent a turnaround), above consensus at €112m. The reference margin was $5.6/bbl (vs. $8.7/bbl in Q2 15). The additional margin remained at $5.6/bbl (as in Q1 16, vs. $2.1/bbl in Q2 1