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Finland: Neste Second Quarter Solid Performance Results

Neste posts Solid performance with Record-high sales volumes in renewable

 

Second quarter in brief:

  • Comparable operating profit totaled EUR 236 million (EUR 282 million)
  • Operating profit totaled EUR 264 million (EUR 280 million)
  • Oil Products' total refining margin was USD 10.67/bbl (USD 11.19/bbl)
  • Renewable Products' comparable sales margin was USD 270/ton (USD 405/ton)
  • Cash flow before financing activities was EUR 82 million (EUR 346 million)

President & CEO Matti Lievonen says, "Neste's solid performance continued in the second quarter. Oil Products delivered good results, Renewable Products was able to increase its sales volumes to a record-high level, and Marketing & Services' operating profit was back on track. Neste recorded a comparable operating profit of EUR 236 million during the second quarter, compared to EUR 282 million in the corresponding period of 2016, which had been also positively impacted by the US Blender's Tax Credit.”

In Marketing & Services our sales volumes were maintained at the previous year's second quarter level. Unit margins recovered from the first quarter, but were still lower year-on-year. The segment generated a comparable operating profit of EUR 19 million (23 million). PWKD07082017

Last modified onSunday, 06 August 2017 16:06
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