contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


neste-margins-renewable-products-under-pressure

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Co. Head of Research

Petri Gostowski

Neste produces transport fuel and renewable fuels. Today, the largest operations and extraction are held in the Nordic market, where the company is active in the entire value chain, from extraction to delivery to port depots. In addition, the opportunity is given for direct sales where customers can pick up fuel at selected stations. The largest market is in the Nordic region, and the company is headquartered in Espoo, Finland.

Neste appoints Jukka Siukosaari as Senior Vice President, Public Affairs and Geopolitics | Neste Neste is hiring Jukka Siukosaari from the Ministry for Foreign Affairs as Senior Vice President, Public Affairs and Geopolitics. He will start at the beginning of June. Currently, he is serving as the Ambassador to Denmark. His background seems good, in my opinion. “Siukosaari moves to Neste from the Ministry for Foreign Affairs, where he currently serves as Finland’s Ambassador to Denmark. He has previously also served as Ambassador to the United Kingdom, Japan, and Argentina, and as Finland’s Permanent Representative to the International Maritime Organization (IMO). From 2018 to 2021, he was the Secretary General of the Office of the President of the Republic.” It would be great to get this guy for an interview, @Verneri_Pulkkinen? Once he actually starts in his role.

OP analyst Matti Kaurola talked about Neste’s Q4 and the company’s outlook on video  Neste’s Q4 report was mixed. Q4 results were better than consensus expectations in both renewable products and oil products. However, the outlook is overshadowed by the volume guidance for renewable products, which was 7 percent below consensus expectations. OP analyst Matti Kaurola goes through the company’s Q4 results and guidance on the video.

Inderes              Neste Q4'25: Uusiutuvien tuotteiden volyymit ovat tiukassa - Inderes    Nesteen Q4-tulos löi odotukset selvällä marginaalilla, kun taas vuodelle 2026 annettu myyntimäärien ohjeistus Uusiutuvien tuotteiden osalta jäi vaisuksi suhteessa odotuksiin.                             “Neste’s Q4 result beat expectations by a clear margin, while the sales volume guidance given for 2026 for Renewable Products was soft relative to expectations. We have therefore made minor negative forecast revisions for the current year reflecting this. Thus, we reiterate our EUR 22.0 target price and our reduce recommendation.” – OP lowers recommendation to ADD (prev. BUY) and target price to 23.00 (prev. 27.00)

Here is also Heikki and Eeva’s interview.                   Inderes              Neste Q4’25: Hieno tuloskäänne - Inderes    Aika: 05.02.2026 klo 17.52 Neste teki hienon tuloskäänteen vuonna 2025. Toimitusjohtaja Heikki Malinen ja talousjohtaja Eeva Sipilä kommentoivat inderesTV:ssä.                             I’d also like to remind you about the ROAST! It hasn’t aged at all in a couple of months.                   Inderes              ROAST Neste 28.11.2025 - Inderes    Aika: 01.12.2025 klo 11.00 Kieli: fi Nesteen toimitusjohtaja Heikki Malinen saapuu Pulkkisen vieraaksi ROASTiin.

I calculated that Neste “leaves” about 825 million tons of renewable products unsold when the current utilization rate is compared to the best times when the utilization rate was 90%. If there is such “underutilization” now, the 1.3 million ton expansion in Rotterdam sounds quite optimistic, considering the current “deficit” in production. Personally, I’d say the problem is on the procurement side, as the equipment itself should have no problem running at nearly full capacity, as has been proven in the past.

Finland’s renewable plants will go on shutdown in Porvoo at the same time as the rest of the refinery. But we’re talking about fairly small volumes there, anyway.

To clarify, there are no further maintenance shutdowns on the renewables side other than those that have already concluded.

Neste

Neste's Q2 results were well below our expectations and the near-term outlook in Renewable Products, which was also affected by the challenges in Singapore, brought our estimates down significantly for the rest of the year. We also scaled up our medium-term projections for the sales margin of Renewable Products in the light of the change in Sweden's blending mandate and threats to supply growth. However, we expect the segment's earnings growth to remain buoyant as production capacity increases. 

<p>Neste's Q2 results were well below our expectations and the near-term outlook in Renewable Products, which was also affected by the challenges in Singapore, brought our estimates down significantly for the rest of the year. We also scaled up our medium-term projections for the sales margin of Renewable Products in the light of the change in Sweden's blending mandate and threats to supply growth. However, we expect the segment's earnings growth to remain buoyant as production capacity increases. </p> 

	2022	23e	24e
Revenue	25,707.4	21,205.5	23,630.0
growth-%	69.7 %	-17.5 %	11.4 %
EBIT (adj.)	2,898.0	2,135.4	2,311.7
EBIT-% (adj.)	11.3 %	10.1 %	9.8 %
EPS (adj.)	3.02	2.35	2.37
Dividend	1.52	1.10	1.15
Dividend %	3.5 %	5.3 %	5.5 %
P/E (adj.)	14.3	8.8	8.7
EV/EBITDA	11.3	7.7	5.5

Neste: Margins for Renewable Products under pressure

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Key Estimate Figures27.07.2023

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