Guidance for 2015 is confirmed: comparable operating profit above 2014's levels (€583m). Neste sees a stronger environment for refining margins over the coming quarters (vs. its expectations in April). Q2 comparable operating operating profit, at €78m, was below consensus (€89m) overall; this is due to Oil Products (while other divisions beat consensus). The 5-year turnaround of the Porvoo refinery had a €130m impact in Q2. By segment: 1) Oil Products: comparable operating

05 Aug 2015
Porvoo refinery turnaround takes toll on Q2 but good outlook for Oil Products

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Porvoo refinery turnaround takes toll on Q2 but good outlook for Oil Products
Neste Corporation (NESTE:HEL) | 0 0 0.5% | Mkt Cap: 14,943m
- Published:
05 Aug 2015 -
Author:
Marzio Foa -
Pages:
3 -
Guidance for 2015 is confirmed: comparable operating profit above 2014's levels (€583m). Neste sees a stronger environment for refining margins over the coming quarters (vs. its expectations in April). Q2 comparable operating operating profit, at €78m, was below consensus (€89m) overall; this is due to Oil Products (while other divisions beat consensus). The 5-year turnaround of the Porvoo refinery had a €130m impact in Q2. By segment: 1) Oil Products: comparable operating