Neste Q2 Comparable EBIT EUR 367 Mln, Below Forecast [Reuters]
NESTE OYJ UNSP/ADR (NTOIY)
NASDAQ:AMEX Investor Relations:
neste.com/en/corporate-info/investors-0
Company Research
Source: Reuters
Neste Oyj (NESTE.HE) Key Developments | Reuters.com July 25 (Reuters) - Neste Oyj ::NESTE'S HALF-YEAR FINANCIAL REPORT FOR JANUARY-JUNE 2019.Q2 COMPARABLE EBIT EUR 367 MILLION (REFINITIV POLL: EUR 383.59 MILLION ).GLOBAL OIL PRODUCT DEMAND GROWTH IS EXPECTED TO CONTINUE AT A LOWER RATE THAN IN 2018.Q2 SALES EUR 4.06 BILLION (REFINITIV POLL: EUR 3.87 BILLION).GLOBAL REFINING CAPACITY ADDITIONS ARE EXPECTED TO GROW DRIVEN BY LARGE PROJECTS IN ASIA AND MIDDLE EAST.NESTE'S EFFECTIVE EUR/USD RATE IS EXPECTED TO BE WITHIN A RANGE 1.14-1.16 IN Q3 OF 2019.RENEWABLE PRODUCTS' SALES VOLUMES AND UTILIZATION RATES OF OUR PRODUCTION FACILITIES ARE EXPECTED TO REMAIN HIGH IN Q3.HAVE SCHEDULED A CATALYST CHANGE AT ROTTERDAM RENEWABLE PRODUCTS REFINERY IN Q4.CATALYST CHANGE IS CURRENTLY ESTIMATED TO HAVE A NEGATIVE IMPACT OF APPROX. EUR 50 MILLION ON SEGMENT'S COMPARABLE OPERATING PROFIT IN Q4.OIL PRODUCTS' THIRD-QUARTER REFERENCE MARGIN IS EXPECTED TO BE HIGHER THAN IN FIRST HALF OF YEAR.NESTE - SCH
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