After disappointing results in Q3 FY22, the Renewable Products segment improved thanks to lower feedstock costs, better sales optimization and a hedging policy. Given the current environment, the strong results from Oil Products continued to support the results. Against the backdrop of a doubling in net profit, Neste increased the dividend per share by 85% yoy. The Rotterdam refinery shutdown will impact Q1 FY23 sales volumes for the renewable segment and inventory build will put pressure on wor ....

13 Feb 2023
Q4: Higher sales margins, improved renewables performance

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Q4: Higher sales margins, improved renewables performance
Neste Corporation (NESTE:HEL) | 0 0 0.5% | Mkt Cap: 14,943m
- Published:
13 Feb 2023 -
Author:
Elif Binici -
Pages:
4 -
After disappointing results in Q3 FY22, the Renewable Products segment improved thanks to lower feedstock costs, better sales optimization and a hedging policy. Given the current environment, the strong results from Oil Products continued to support the results. Against the backdrop of a doubling in net profit, Neste increased the dividend per share by 85% yoy. The Rotterdam refinery shutdown will impact Q1 FY23 sales volumes for the renewable segment and inventory build will put pressure on wor ....