Neste Oil Corp. ( A0D9U6 ) ein Blick Wert?
Neste Oil "buy," price objective raised
Monday, October 17, 2005 7:53:45 AM ET
Merrill Lynch
LONDON, October 17 (newratings.com) - Analysts at Merrill Lynch reiterate their "buy" rating on Neste Oil Corp (ticker: NEF). The 12-month price objective has been raised to €32.
In a research note published this morning, the analysts mention that the European refining margin estimates for 4Q05 and 2006 have been raised by 22% and 55%, respectively. Quality refining assets are likely to trade at least in-line with the modern-day replacement values and Neste Oil has a leading portfolio of refining assets, the analysts say. Merrill Lynch expects the company to generate record earnings in 4Q05.
http://www.ariva.de/quote/profile.m?secu=708587&kx=s
Pioneering a new generation of biodiesel
Neste Oil’s new, proprietary NExBTL technology for producing biodiesel marks an important step forward in efforts to meet the growing demand for this type of fuel, as it offers not only valuable production-related benefits, but also results in a fuel with excellent product properties, particularly at low temperatures.
Various companies have experimented with the idea of combining a natural raw material with an oil refining process to produce a biofuel capable of competing with hydrocarbon-based equivalents, but with limited success – until NExBTL that is.
A €100 million, 170,000 t/a plant currently under construction at Porvoo in Finland, and due for completion in summer 2007, will showcase the new technology.
“We are the first oil company to successfully develop a biodiesel production process, and the first to build significant capacity for producing biodiesel,” according to Development Manager Raimo Linnaila of Neste Oil’s Components Unit. “The new fuel is also an ideal fit with Neste Oil’s overall strategic commitment to low-emission fuels.”
NExBTL technology is the outcome of manufacturing tests that begun in the mid-1990s, and an R&D programme launched in 2001, involving not only a team from Neste Oil itself, but also people from various Finnish universities and VTT, the Technical Research Centre of Finland.
One of the major strengths of the new technology, from a production point of view, is that it can use either vegetable oil or animal fat as its raw material. This enables input to be sourced both flexibly and cost-effectively.
Not only that, the quality of the end-product fuel is very consistent, and free from the quality fluctuations typical of the methyl ester currently sold as biodiesel in Central Europe, for example.
In addition to consistent quality, Neste Oil’s biodiesel offers good cold tolerance and storage properties, a high cetane number, and extremely low exhaust emissions. The good performance of NExBTL biodiesel at low temperatures, an area where methyl ester-type biodiesels normally come unstuck, is a particular advantage.
Tests carried out by Neste Oil and various automotive manufacturers have shown that NExBTL biodiesel functions excellently in both car and truck engines, and performs within the key requirements set for new fuels over the next few years, in areas such as particulate and nitrogen oxide emissions.
NExBTL biodiesel is equally suitable for both old and new vehicles, and promises to be an ideal solution for meeting the growing demand for biodiesel. The EU, for example, has set a goal of having close to 6% of vehicles in the Community running on biofuels by the end of 2010, and countries such as Germany, France, and Sweden have already introduced tax breaks to promote the use of biofuels.
http://www.tekes.fi/eng/news/uutis_tiedot.asp?id=4462
UPDATE: Neste Oil Jul-Sep op profit falls to EUR 99 mln
25.10.2005 at 12:27
(Adds stock reaction.)
Finland's Neste Oil, which runs refineries and petrol stations, on Tuesday reported third-quarter earnings before interest and tax (EBIT) of 99 million euros, down from 111 million a year ago.
The July-to-September profit was weighed down by a five-week shutdown of the Porvoo refinery, which coincided with a rise in petroleum product prices.
Risto Rinne, the chief executive, said in a statement that Neste Oil was unable to efficiently exploit the exceptionally lucrative markets.
However, the rise in the prices of crude and refined products, thanks to the devastating hurricane season, is visible in Neste Oil's third-quarter sales, which rose to 2.59 billion euros from the year-ago 2.09 billion.
Neste Oil's total refining margin rose to 9.25 US dollars a barrel from 6.52 dollars a year ago.
At 1210 hours (GMT+3), shares in Neste Oil were fetching 24.68 euros, down by 2.64 per cent from the Monday close.
/STT/
© Copyright STT 2005
Send feedback on this item to: STT
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Steigende Nachfrage nach Biodiesel
Der von Neste Oil auf der Basis von Tierfetten und Pflanzenölen entwickelte Biodieselkraftstoff ist den Konkurrenzprodukten u.a. in seinen Kälteeigenschaften klar überlegen. Der Biodiesel, so hofft man, wird sich als neues wichtiges Standbein des Unternehmens erweisen.
Biodiesel aus ausschließlich organischen Rohstoffen ist an sich keine neue Erfindung, den versteht man in der Welt bereits herzustellen, aber bisher ließen besonders die Kälteeigenschaften dieses Treibstoffs zu wünschen übrig.
"Der heute allgemein verwendete Biodiesel beginnt sich kurz unterhalb der Null-Grad-Grenze zu trüben, außerdem variiert seine Qualität je nach den verarbeiteten Rohstoffen. Der Biodiesel von Neste Oil hat stets die gleiche hohe Qualität", erläutert Raimo Linnaila, Entwicklungsleiter der Sparte.
Rohstoffpreis ausschlaggebend
Die Biodieselproduktion basiert auf der von Neste Oil entwickelten "Biomass to Liquid"-Technologie (NExBTL), die die Gewinnung hochwertigen Biokraftstoffs aus nachwachsenden Rohstoffen erlaubt.
Nach Fertigstellung der neuen Produktionsanlage im Jahr 2007 wird Neste Oil in Porvoo jährlich 170.000 Tonnen Biodiesel herstellen. Dafür sind rund 200.000 Tonnen Rohstoff erforderlich.
"Technisch gesehen können wir alle beliebigen Pflanzenöle und Tierfette verarbeiten, aber entscheidend ist deren Preis. Von den einheimischen Rohstoffen sind Tierfette und Rapsöl da am günstigsten."
Weiterhin starkes Wachstum
Der nach dem NExBTL-Verfahren herzustellende synthetische Biodiesel ist ein der einschlägigen EU-Richtlinie entsprechender Biotreibstoff, auf den, so erwartet man, die gleichen Steuermäßigungen wie auf die heute angebotenen Biodiesel gewährt werden. Mit den Steuererleichterungen strebt man eine Erhöhung der Produktion von Biokraftstoffen in Europa an.
Die Biotreibstoff-Richtlinie der EU zielt auf einen Biokraftstoff-Anteil von 5,75 Prozent bis Ende 2010. "Der Biodieselverbrauch hat in Europa nach der Jahrhundertwende um durchschnittlich 35 Prozent im Jahr zugenommen, und wir rechnen damit, dass dieser Trend bis Ende dieses Jahrzehnts anhält.
Mit steigenden Rohölpreisen und zunehmenden Risiken oder Störungen bei der Ölbeschaffung nimmt der Bedarf an alternativen Kraftstoffen zu", meint Raimo Linnaila.
Elite der Biotreibstoffe
Vom Umweltstandpunkt aus gesehen bringt Biodiesel vor allem eine Verringerung des CO2-Ausstoßes. Und der NExBTL-Treibstoff, so Linnaila, zählt zur Elite der Biodiesel.
"Selbst im Vergleich zu den emissionsärmsten anderen Dieselkraftstoffen verursacht der NExBTL-Diesel, das ist erwiesen, durchweg niedrigere Auspuffemissionen. Außerdem verringert die konzentrierte Nutzung von Tierfetten im großen Maßstab deren Entsorgung zum Beispiel auf Deponien."
Von diesem Biodiesel erhofft man sich ein neues Zugpferd in der Produktfamilie der sauberen Treibstoffe von Neste Oil. Das Unternehmen investiert nun in die weitere Entwicklung des Produkts und in den Bau der ersten großtechnischen Produktionsanlage rund 100 Mio. €.
Neste Oil und Total kooperieren
Neste Oil Oyj und die französische Ölgesellschaft Total S.A. unterzeichneten im Juli eine Absichtserklärung über die gemeinsame Aufnahme der Biodieselproduktion. Auf der Grundlage dieses Vertrages sollen nun die Möglichkeiten für den Bau einer gemeinschaftlichen NExBTL-Anlage in Verbindung mit irgendeiner der europäischen Raffinerien von Total geklärt werden. Laut Absichtserklärung soll die gemeinschaftliche Biodieselproduktion im Jahr 2008 anlaufen.
http://www.finnfacts.com/german/main/actualities/nesteoil.html
Product tanker M/T Neste handed over to Neste Oil 07.12.2005
Neste Oil Corporation
Press release
7 December 2005
The new M/T Neste have joined Neste Shipping's fleet on 7th December 2005. The ice-strengthened and double-hulled 25,000 dwt M/T Neste was handed over to Neste Oil at Jingling Shipyard in China.
M/T Neste is the final one in a series of four product tankers. These double-hulled vessels were built for the highest 1A Super ice class and equipped with an integrated bridge and high level of automatics.
The main dimensions of the vessel are: length 169.50 m, breadth 23.75 m and draught 10.90 m. M/T Neste sails under the Finnish flag and has a Finnish crew of 15. The primary traffic area of the vessel is Northern Europe.
The vessel will arrive in Finland for the first time in mid-January 2006. On its way over, M/T Neste will be loaded in Maleysia and discharged in Rotterdam.
Further information:
Risto Näsi, Executive Vice President, Shipping
risto.nasi@nesteoil.com
tel. +358 50 458 5245
Erkki Kotiranta, Vice President, Shipping
erkki.kotiranta@nesteoil.com
tel. +358 50 458 4749
http://www.nesteoil.com/default.asp?path=1;41;540;1259;1260;3674;4995
Neste Oil´s updated fourth-quarter outlook
12.12.2005
§
Neste Oil Corporation
Stock Exchange Release
12 December 2005 at 5:40 pm (EET)
In its January-September interim report on 25 October Neste Oil expected the international benchmark refining margin and the price differential between Russian Export Blend (REB) and Brent crude oil to weaken during the fourth quarter. Since then these parameters have continued to be volatile, while the downward trend has accelerated. Also, as anticipated, the start-up phase of the Porvoo refinery following the maintenance shutdown in August-September had a negative impact on Neste Oil's performance in October.
The Company now expects the fourth-quarter comparable operating profit to be on the same level as in the third quarter. Neste Oil's comparable operating profit for the third quarter was EUR 99 million, and EUR 415 million for the first nine months of 2005. Full-year 2005 comparable operating profit is expected to be below last year's level of EUR 584 million.
Comparable operating profit excludes inventory gains/losses, gains/losses from the sales of fixed assets, and changes in the fair value of open oil derivative positions.
Neste Oil Corporation
Osmo Kammonen
Senior Vice President, Communications
Neste Oil Corporation is a leading independent Northern European oil refining and marketing company, with a focus on advanced, clean traffic fuels. Neste Oil's refineries are located in Porvoo and Naantali, Finland, and have a total refining capacity of approx. 250,000 bbl/d. The company employs around 4,500 people. Neste Oil is listed on the Helsinki Stock Exchange (symbol: NES1V).
Angehängte Grafik:
bigchart.png (verkleinert auf 93%)
bigchart.png (verkleinert auf 93%)
24.10.2005 - Finnland investiert in Biodiesel
(lid) - In der finnischen Stadt Porvoo soll im Sommer 2007 eine neue Biodieselfabrik des nationalen Erdölunternehmens Neste Oil Oyj in Betrieb genommen werden. In den Bau der Anlage, die eine Leistungskapazität von jährlich 170'000 Tonnen Biodiesel aufweisen wird, werden 100 Millionen Euro (155 Mio. Franken) investiert, teilte das Unternehmen gemäss dem österreichischen Agrarpressedienst AIZ mit. Neste Oil Oyj plant ausserdem für das kommende Jahr den Baubeginn eines weiteren Betriebes dieser Art, der mit einer Jahreskapazität von gut einer Million Tonnen Biodiesel deutlich grösser sein wird. In diese Anlage sollen 600 Mio. Euro (931 Mio. Franken) investiert werden.
http://www.landwirtschaft.ch/deutsch/aktuell/...6771042FC&language=de
Wednesday, December 14, 2005 5:38:18 AM ET
Dow Jones Newswires
0925 GMT [Dow Jones] Goldman Sachs upgrades Neste Oil (NES1V.HE) to in line from underperform following Monday's share price fall of 12%, a result of the company's 4Q profit warning. Reduces '05 EPS estimate to EUR1.84 from EUR2.10, and '06 EPS to EUR1.76 from EUR2.14. Trades +0.4% at EUR24.65. (JFP)
http://www.newratings.com/analyst_news/article_1159947.html
04.01.2006
§
Neste Oil Corporation
Stock Exchange Release
4 January 2006 at 5:00 pm EET
Neste Oil has signed a EUR 150 million loan agreement with the European Investment Bank (EIB). The eight-year loan will be used to finance Neste Oil’s Diesel Project at its Porvoo refinery.
Neste Oil’s Diesel Project was launched in fall 2003 and represents an investment valued at approximately EUR 600 million. Due to be completed in the last quarter of 2006, the new line will increase production of sulfur-free diesel fuel and jet fuel at Porvoo by over 1 million t/a, and reduce the refinery’s output of lower-value heavy fuel oil.
Neste Oil estimates that the new diesel line will increase the company’s overall refining margin on its 100 million barrels of annual production by over USD 2/bbl.
In addition to the EIB loan, Neste Oil agreed a EUR 40 million, 10-year loan with the Nordic Investment Bank (NIB) on 1 November 2005 to finance the Diesel Project.
Neste Oil Corporation
Osmo Kammonen
Senior Vice President, Communications
For further information:
Petri Pentti, CFO on +358 10 458 4490
Heikki Saarinen, Group Treasurer on +358 10 458 4440
Neste Oil Corporation is a leading independent Northern European oil refining and marketing company, with a focus on advanced, clean traffic fuels. Neste Oil's refineries are located in Porvoo and Naantali, Finland, and have a total refining capacity of approx. 250,000 bbl/d. The company employs around 4,500 people. Neste Oil is listed on the Helsinki Stock Exchange (symbol: NES1V).
http://www.nesteoil.com/default.asp?path=1;41;540;1259;1261;5043;5044
Werde jetzt mal abwarten, was der Kurs in der nächsten Zeit macht. Die Zahlen für das 4.Q dürften nicht besonders ausfallen, da sich gegen meinen Erwartungen die Revision in Porvoo bis ins 4.Q ausgewirkt haben und somit die Gewinnerwartungen für 2005 nicht allzu hoch sein werden. Von Neste Oil wurden sie schon im November gesenkt.
Ansonsten bleibe ich für den Raffineriebereich immer noch positiv gestimmt, da sich an der Situation der knappen Raffineriekapazitäten nichts geändert hat und sich noch weiter zuspitzen wird. Auch wenn die steuerlichen Vorteile in der BRD für Biodiesel wegfallen, wird der Bereich in den nächsten Jahren deutlich zulegen. Dafür hat die EU-Gesetzgebung die Grundlagen gelegt, in dem bis zu 2010 min 5% an Biodiesel dem normalen Diesel beigemischt werden müssen. Die besonderen Kälteeigenschaften die der Biediesel von Nesteoil aufweist, wird sie zum Marktführer in Scandinavien machen. Meine Einschätzung. Ich kann mir auch vorstellen, dass aus Nordamerika in Zukunft ein verstärktes Interesse an dem Verfahren von Neste Oil zur Herstellung von Biodiesel entstehen wird.
Werde Neste Oil wieder auf die Watchlist nehmen.
Successful first year for Neste Oil
15.02.2006
§
Neste Oil Corporation
Stock Exchange Release
15 February 2006 at 9:00 am EET
The market in 2005 was favorable for an oil refiner with complex refining capacity. Product prices remained at historically high levels, reflecting the increasing global demand for high-quality traffic fuels and high crude prices. Neste Oil recorded a strong full-year profit and cash flow, despite a record-high level of capital expenditure and a scheduled major maintenance shutdown at its Porvoo refinery in Finland.
In April, Neste Oil was demerged from its former parent company and listed on the Helsinki Stock Exchange. The company attracted a lot of interest from investors from the start and the share price closed the year up by 65%.
2005 in brief:
• Comparable operating profit of EUR 525 million (carve-out 2004: 584 million)
• Operating profit of EUR 791 million (carve-out 2004: 713 million)
• Earnings per share of EUR 2.60 (carve-out 2004: 2.37)
• Cash flow from operations of EUR 596 million (carve-out 2004: 537 million)
• Sale of SeverTEK in line with strategic focus on oil refining
• Diesel Project on schedule, construction of biodiesel plant started
• The Board of Directors proposes a dividend of EUR 0.80 per share
President & CEO Risto Rinne:
"Last year was a successful one for Neste Oil. This provided us with the muscle to finance our investment program and to reduce our net debt. In addition, we achieved several important milestones, including the listing of the company in April, a five-week scheduled shutdown at Porvoo, and progressed with our key investment projects designed to increase diesel and biodiesel production. Looking into 2006, successful commissioning of the Diesel Project will be our largest challenge. It will also be very important to make swift progress on the biodiesel projects and see through an efficient maintenance shutdown at the Naantali refinery. I have every reason to believe that the market will continue to be favorable for us in 2006, as we continue with our strategy of focusing on high-quality fuels for cleaner traffic."
Further information:
Risto Rinne, President & CEO, tel. +358 10 458 4990
Petri Pentti, CFO, tel. +358 10 458 4490
News conference and conference call
A press conference in Finnish on the 2005 results will be held today, 15 February 2006, at 11:30 am EET in the Mirror Room at Hotel Kämp, Pohjoisesplanadi 29, Helsinki. www.nesteoil.com will feature English versions of the presentation materials.
A conference call in English for investors and analysts will be held today, 15 February 2006, at 3:00 pm EET. The call-in numbers are as follows: UK: +44 (0)207 162 0025, US: +1 334 323 6201. Use the password: Neste Oil. An instant replay of the call will be available until 20 February 2006 at +44 (0) 207 031 4064 for the UK and +1 954 334 0342 for the US, using access code 691706.
http://www.nesteoil.com/default.asp?path=1;41;540;1259;1261;5043;5228
In der zwischenzeit gab es auch einige positive News von Neste Oil, die meine Meinung bestärken, dass es sich bei dem entwickelten und eingesetzten Verfahren zur Herstellung von Biodiesel um eines der Besten handelt und ein verstärktes Interesse in Zukunft bestehen wird.
27.03.2006
Neste Oil und OMV verhandeln über gemeinsame Biodiesel-Anlage
Memorandum of Understanding vereinbart - Anlage soll in Schwechat errichtet werden.
Die finnische Neste Oil Corp. befindet sich mit der OMV in Verhandlungen über die Errichtung einer gemeinsamen Biodieselanlage. Wie der finnische Konzern am Montag erklärte, wurde zwischen den beiden Konzernen ein Memorandum of Understanding vereinbart, welches den Bau einer Biodieselanlage mit einer jährlichen Produktionskapazität von 200.000 Tonnen pro Jahr beinhaltet. Die Anlage soll im österreichischen Schwechat errichtet werden, wo OMV eine Raffinerieanlage unterhält. Die Biodiesel-Produktion soll frühestens Ende des Jahres 2008 beginnen. Finanzielle Details über das geplante Investitionsvolumen wurden nicht bekannt gegeben.
Bei der neuen Biodiesel-Anlage soll die von Neste Oil entwickelte NExBTL-Technologie zum Einsatz kommen, welche die Herstellung von qualitativ hochwertigem Biodiesel-Kraftstoff aus verschiedenen Grundstoffen wie Tierfetten und Pflanzenölen ermöglicht.
http://www.wirtschaftsblatt.at/cgi-bin/page.pl?id=467224
Neste Oil Oyj: Neste oil to launch 98-octane biogasoline in finland
Monday 03 April 2006 13:00 EEST Kauppalehti Online
Neste Oil Corporation Press Release
3 April 2006 at 1:00 p.m. EET
NESTE OIL TO LAUNCH 98-OCTANE BIOGASOLINE IN FINLAND
Neste Oil is to be the first company in Finland to launch retail sales of a
gasoline containing a biocomponent. Neste Oil's new Futura 98 biogasoline will
contain 2-5% of a biocomponent, which will be either ethanol sourced from within
the EU or ethanol-based ETBE.
Distribution of the new gasoline will begin on 10 April south of a line running
from Hanko through Tampere, Jyväskylä, and Joensuu. The new fuel will be
available at Neste stations and A24 unmanned outlets as they are restocked with
fuel.
Futura 98 biogasoline can be used in all gasoline engines, as it fully complies
with all current specifications. Fuel consumption, engine output, and other
aspects of performance are all unaffected. The addition of a biocomponent will
not affect color or odor either. Emissions of carbon dioxide will be lower as a
result of the addition of a biocomponent.
"Neste Oil is committed to being the first company to launch new products like
this. And now is the right time to introduce bio-based fuels on Finnish roads, we
believe," says Matti Peitso, Neste Oil's Executive Vice President, Oil Retail.
The launch of Futura 98 biogasoline in Finland is in line with Neste Oil's
strategy of focusing on high-quality fuels for cleaner traffic, and which is
reflected in a number of the company's operations, including development work on
new biofuels.
"We believe that a significant proportion of traffic fuels will be produced from
renewables or alternative raw materials in 20 years from now," says Neste Oil's
Executive Vice President, Components, Kimmo Rahkamo. "We're actively involved in
these developments and are pioneering a number of technologies. We want to ensure
that the biogasoline and biodiesel available to Finnish motorists is of the
highest quality, and that their use will not require any modifications to
vehicles or fuel distribution systems."
Sales of biogasoline took place on a trial basis at Neste stations in 2002 and
2003, to assess the suitability of the fuel for Finnish conditions.
Futura 98 biogasoline will be a few eurocents more expensive than normal Futura
98, as a result of the fact that the raw materials needed to produce it are more
expensive and that biogasoline is not covered by any tax incentives as yet.
Neste Oil Corporation
Osmo Kammonen
Senior Vice President, Communications
Further information:
Matti Peitso, Executive Vice President, Oil Retail, on +358 10 458 5419
Jouko Helin, Vice President, Oil Retail, on +358 10 458 4222
Neste Oil Corporation is an independent Northern European oil refining and
marketing company, with a focus on advanced, clean traffic fuels. Neste Oil's
refineries are located in Porvoo and Naantali in Finland, and have a total
refining capacity of approx. 250,000 bbl/d. The company employs around 4,500
people. Neste Oil is listed on the Helsinki Stock Exchange (symbol: NES1V). For
further information, see www.nesteoil.com.
Angehängte Grafik:
neste_oil.png
neste_oil.png
Neste Oil Q1 profits beat forecasts on high oil price UPDATE
(Updating with analysts' comments)
HELSINKI (AFX) - Neste Oil (Nachrichten) posted better-than-expected first quarter earnings as product prices remained above historical averages, and said it sees the market fundamentals in oil refining as likely to remain unchanged.
First quarter pretax profit came in at 153 mln, up from a comparable 140 mln a year earlier, and beating analysts' expectations which centred on 123 mln according to a survey by SME/Kauppalehti.
Quarterly earnings per share rose to 0.44 eur versus a comparable 0.41 in the corresponding quarter a year ago. The consensus forecast was for earnings per share of 0.36 eur.
Sales climbed 35 pct to 2.796 bln eur ahead of expectations of 2.671 bln and up from last year's like-for-like first quarter figure of 2.060 bln eur.
An analyst at a Helsinki-based brokeragee said that the figures did not deliver any surprises except in the sales figure.
'Profit levels were in line with our forecasts and there was nothing really major,' said the analyst, who wished to remain unnamed.
Neste Oil also said it will book 110 mln eur gain in the second quarter from sales of fixed assets.
Looking ahead, the oil refiner warned that the continued rise in oil prices may start to have an impact on consumer behaviour and economic growth.
'This was the only negative aspect in the outlook, but it did not add any new information,' Juha Iso-Herttua from eQ Bank said.
Neste Oil, which was demerged from its former parent company and listed in April last year, said the gasoline market has been strong in April and the diesel market is expected to remain firm, as demand is moving ahead strongly compared to supply.
He also sees the company's move into the bio fuel segment as 'strategic'.
'Sales have started for this (fuel) this month, but it will need two to three years to bring in solid profits,' Iso-Herttua said.
Sales of its Futura 98 bio gasoline, a new 98 octane bio fuel that contains 2-5 pct of ethanol, started from April 10 in south Finland.
azer.sawiris@afxnews.com
afs/ks
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Thursday, May 11, 2006 5:01:55 AM ET
Dow Jones Newswires
0742 GMT [Dow Jones] Morgan Stanley upgrades Neste Oil (NES1V.HE) to overweight from equalweight, and lifts price target to EUR33 from EUR27 due to its growth plans in bio-diesel, exposure to the US gasoline market, and cheap valuation. Says the firm is the cheapest western European refiner at 12 times 2007 P/E. Trades +3.4% at EUR27.90. (JHC)
HELSINKI, July 28 (Reuters) - Finnish refiner Neste Oil reported a weaker-than-expected second-quarter profit, weighed down by losses at its renewables unit, which the firm forecast to deepen in the third quarter.
Neste Oil's shares fell 8.3 pct to 9.28 euros in early trade.
Analysts said the results were soft and that some of the firm's outlook comments were gloomy.
"More worrying than the second-quarter results were comments on the renewables unit's third quarter performance and a diesel line four weeks shutdown," said Evli bank analyst Antti Koskivuori.
The company repeated that its renewable fuels business is expected to report a operating loss this year and, and that the unit's loss would widen in the third quarter from the 55 million euros reported in the second quarter.
It also said its diesel production line 4 at its Porvoo refinery will be shutdown for four weeks in October for maintenance.
The Finnish refiner has invested 1.4 billion euros in its renewables business and has two renewable diesel lines in the Finnish town of Porvoo. Its Singapore renewables plant started operations last November and the company is due to start a new renewables plant in Rotterdam in the current quarter.
But the firm said renewables sales were insufficient to compensate for higher production costs.
Neste's April-June comparable operating profit, excluding inventory and capital gains or losses, rose to 32 million euros ($45.96 million) from 5 million a year ago when it was hurt by major maintenance. That was well below the average forecast of 49 million euros in a Reuters poll of analysts.
Quarterly revenue grew 43 percent to 3.67 billion euros, also below the market's forecast of 3.74 billion.
Neste Oil's total refining margin in April-June rose to $8.99/bbl from $7.35 a year ago. It said it expected the base oil market to remain strong throughout 2011 and to support its total refining margin.
Quelle: http://www.reuters.com/article/2011/07/28/...il-idUSLDE76Q0BD20110728
Optionen
| Boardmail an "xx77xx" |
Wertpapier: Neste |
https://www.neste.com/sites/neste.com/files/...annual_report_2021.pdf
Auszug aus dem Geschäftsbericht 2021 (S. 97):
Crude oil and fossil feedstock sources by region, million tons: 10,1
Russia: 7,8 (also rund 78% am Gesamtvolumen)
Norway: 1,3
Kazakhstan: 0,3
Other countries: 0,7
Ganz aktuell allerdings gab es ein Statement, dass man sich ab April nach Möglichkeiten von russischem Öl verabschieden möchte. "From the beginning of April onwards, Neste has within the frame of existing supply contracts and technical capabilities replaced approximately 85% of the Russian crude oil with other qualities."
Das scheint wohl derzeit der Treiber für den Kursanstieg zu sein.
https://www.neste.com/nestes-response-to-the-war-in-ukraine
Starke Zahlen und ein verständlicherweise vorsichtiger Ausblick: https://www.neste.com/releases-and-news/investors/...y-september-2022
Da habe wohl einige Anleger noch mehr erwartet.