Neste released strong Q3 results. Revenue came in at €3.2bn (+6% yoy), and the comparable operating profit reached €350m (+33% yoy), both above consensus expectations.
The cash flow before financing activities was €283m (vs. €147m in Q3 16).
Net profit was €268m (+6%, yoy).
Outlook for 2017:
Oil products: management expects the reference refining margin to decrease from peak levels and the FY 2017 average reference margin is expected to be above that in 2016. It also reaffirmed the target o ....
27 Oct 2017
Satisfying Q3 - strong additional margin in renewable products
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Satisfying Q3 - strong additional margin in renewable products
Neste Corporation (NESTE:HEL) | 0 0 0.5% | Mkt Cap: 14,943m
- Published:
27 Oct 2017 -
Author:
Marzio Foa -
Pages:
3
Neste released strong Q3 results. Revenue came in at €3.2bn (+6% yoy), and the comparable operating profit reached €350m (+33% yoy), both above consensus expectations.
The cash flow before financing activities was €283m (vs. €147m in Q3 16).
Net profit was €268m (+6%, yoy).
Outlook for 2017:
Oil products: management expects the reference refining margin to decrease from peak levels and the FY 2017 average reference margin is expected to be above that in 2016. It also reaffirmed the target o ....