|Bid||44.40 x 0|
|Ask||46.25 x 0|
|Day's range||44.71 - 45.65|
|52-week range||38.36 - 52.14|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||26.35|
|Forward dividend & yield||0.82 (1.91%)|
|Ex-dividend date||29 Sept 2022|
|1y target est||N/A|
Finnish refiner Neste on Wednesday posted strong revenue and profit growth in its renewable fuels business even as its Chief Executive flagged the long-term need for new raw materials amid growing European demand for sustainable jet fuel. The company has bet heavily on renewable fuels but is competing in a crowded space as fossil fuel majors enter the green fuel market, pushing up costs for used cooking oil and discarded animal fat. Neste estimates that the maximum available global capacity for waste and residue materials would be around 40 million tonnes a year.
Finnish refiner Neste on Thursday posted weaker-than-expected third-quarter operating results, hit by write-offs and hedging losses, and said it expected volatility in the oil products and renewable feedstock markets to remain high. Following the news, Neste's shares fell 7.8% by 0706 GMT. The maker of renewable and oil-based fuels reported a July-September operating profit of 289 million euros ($291.2 million), down from 579 million a year ago, lagging a 692 million euro forecast by nine analysts polled by Refinitiv.
Finnish energy company Neste on Thursday posted higher-than-expected second-quarter results as volatile energy markets drove up refining profits, but warned of slightly lower oil product margins and renewable products sales volumes ahead. "The war in Ukraine has had a significant impact on international energy markets, leading to volatile and significantly higher oil product and natural gas prices in Europe," CEO Matti Lehmus said in a statement. Neste's shares rose by 10% in early morning trade.