The Q3 result reported by Neste yesterday exceeded expectations considerably. The earnings overshoot was the result of a clearly higher than expected performance in Oil Products while the result of Renewable Products was below expectations. We believe this explains the market's indifferent attitude to the report. After the report, we only made slight revisions to our estimates that we had raised after the preliminary result.
Trade. (Neste)
Neste Corporation is a leading independent northern European oil refining and marketing company. We focus on high-quality traffic fuels and other high value-added petroleum products with reduced environmental impact. Neste Marketing Ltd operates the Neste station chain. Neste service stations, unmanned stations and D stations for heavy traffic are ready to serve you and your car in the best possible way. Neste operates in Finland, Russia and the Baltic states.