In Renewable Products, the comparable sales margin was $699/ton, an 8% decline qoq but a 2% improvement yoy, which is reassuring after the cautious tone in Q4. For the rest, net debt is up on a negative CFFO, because of a large change in working capital due to the inventory build-up before the major turnaround at Porvoo and the completion of Bunge’s refinery in Rotterdam.
30 Apr 2021
Q1: declining margins but still healthy indeed
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Q1: declining margins but still healthy indeed
Neste Corporation (NESTE:HEL) | 0 0 0.5% | Mkt Cap: 14,943m
- Published:
30 Apr 2021 -
Author:
Kevin VO -
Pages:
2
In Renewable Products, the comparable sales margin was $699/ton, an 8% decline qoq but a 2% improvement yoy, which is reassuring after the cautious tone in Q4. For the rest, net debt is up on a negative CFFO, because of a large change in working capital due to the inventory build-up before the major turnaround at Porvoo and the completion of Bunge’s refinery in Rotterdam.