Governments play a key role in the speed of the energy transition, and higher environmental targets logically benefit Neste. This CMD was therefore useful as it updated on Neste’s estimates post Fit for 55 in Europe and Biden’s climate pledges in the US. Nothing ground-breaking but, overall, management seems confident in its ability to maintain the current level of margins, thanks to the strong growth foreseen, and despite the oil & gas sector increasing its diversification efforts.
23 Sep 2021
CMD: growing with the market
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CMD: growing with the market
Neste Corporation (NESTE:HEL) | 0 0 0.5% | Mkt Cap: 14,943m
- Published:
23 Sep 2021 -
Author:
Kevin VO -
Pages:
3
Governments play a key role in the speed of the energy transition, and higher environmental targets logically benefit Neste. This CMD was therefore useful as it updated on Neste’s estimates post Fit for 55 in Europe and Biden’s climate pledges in the US. Nothing ground-breaking but, overall, management seems confident in its ability to maintain the current level of margins, thanks to the strong growth foreseen, and despite the oil & gas sector increasing its diversification efforts.