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Neste Oyj (NESTE.HE)

NESTE.HE on Helsinki Stock Exchange

34.27EUR
24 Jan 2020
Change (% chg)

€-0.09 (-0.26%)
Prev Close
€34.36
Open
€34.50
Day's High
€34.66
Day's Low
€34.27
Volume
1,004,786
Avg. Vol
1,214,541
52-wk High
€35.19
52-wk Low
€26.26

Latest Key Developments (Source: Significant Developments)

Neste Oyj Says U.S. Blender's Tax Credit decision to support Neste's 2019 result
Saturday, 21 Dec 2019 

Dec 21 (Reuters) - Neste Oyj ::RETROACTIVE REINSTATEMENT OF BTC FOR 2018, 2019 WILL HAVE POSITIVE IMPACT ON NESTE'S COMPARABLE OPERATING PROFIT IN LAST QUARTER OF 2019.RETROACTIVE REINSTATEMENT OF US BLENDER'S TAX CREDIT (BTC) EXPECTED TO IMPROVE CO' S COMPARABLE OPERATING PROFIT BY ABOUT EUR 140 MILLION FOR 2018.CORRESPONDING IMPROVEMENT FOR 2019 STILL TO BE CONFIRMED BASED ON ACTUAL 2019 BLENDING VOLUMES, BUT ESTIMATED TO BE IN MAGNITUDE OF EUR 200 MILLION.CASH FLOW RELATING TO BTC FOR 2018 AND 2019 IS EXPECTED TO BE MOSTLY RECEIVED DURING FIRST HALF OF 2020.  Full Article

SSAB Initiates Study In Finland For Fossil-Free Steel
Wednesday, 4 Dec 2019 

Dec 4 (Reuters) - SSAB AB ::SSAB INITIATES STUDY IN FINLAND FOR FOSSIL-FREE STEEL.AIM OF INITIATIVE WILL POTENTIALLY REDUCE SWEDEN'S CARBON DIOXIDE EMISSIONS BY 10% AND FINLAND'S BY 7%..IN PARTNERSHIP WITH GASUM, NESTE AND ST1, SSAB IS INITIATING AN ENERGY4HYBRIT PREFEASIBILITY STUDY.  Full Article

Tatneft Completes Acquisition Of Neste’s Retail Business In Russia
Thursday, 31 Oct 2019 

Oct 31 (Reuters) - Tatneft ::TATNEFT TRANSACTION ON THE ACQUISITION OF NESTE’S <<>> RETAIL BUSINESS IN RUSSIA BY TATNEFT WAS CLOSED ON OCTOBER 31.THE ACQUIRED RETAIL NETWORK WILL CONTINUE TO OPERATE UNDER THE NESTE BRAND FOR UP TO 5 YEARS.  Full Article

Russia's FAS Approves Tatneft Buying Neste's Fuel And Retail Business In Russia With Conditions - Ifax
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - Russia's Federal Anti-monopoly Service (FAS):RUSSIA'S FAS APPROVES ACQUISITION OF FUEL AND RETAIL BUSINESS OF NESTE IN ST. PETERSBURG BY TATNEFT <<>> WITH CONDITIONS - IFAX CITES FAS .  Full Article

Fortum And Neste Enter Into Long-Term Electricity Sales Agreement
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - Fortum Oyj ::FORTUM AND NESTE ENTER INTO LONG-TERM ELECTRICITY SALES AGREEMENT FOR KALAX WIND FARM.FORTUM AND NESTE HAVE NOW SIGNED A 12-YEAR ELECTRICITY SALES AGREEMENT (PPA) FOR PROJECT.ESTIMATED COMPLETION OF PLANT IS TOWARDS END OF 2020.CONTRACT COVERS 70% OF PRODUCTION AT KALAX WIND FARM IN NÄRPIÖ.  Full Article

Neste: IT Incident Due To Hardware Failure, Production Continues
Tuesday, 15 Oct 2019 

Oct 15 (Reuters) - Neste Oyj ::SAYS IN REFERENCE TO THE IT INCIDENT REPORTED ON MONDAY nFWN26Z0EE THAT THE COMPANY'S IT SYSTEMS WERE AFFECTED BY A HARDWARE FAILURE IN SERVICE PROVIDER'S DATA CENTER .SAYS PRODUCTION OPERATIONS CONTINUE NORMALLY AND THE COMPANY HAS BEEN ABLE TO CONTINUE FUEL DELIVERIES.  Full Article

Neste: Large Scale Incident Ongoing In Co's Multiple IT Systems
Monday, 14 Oct 2019 

Oct 14 (Reuters) - Neste Oyj ::LARGE SCALE INCIDENT ONGOING IN MULTIPLE NESTE IT SYSTEMS.SITUATION AFFECTS NESTE FINLAND AND BALTIC PROCESS, TANK AND TERMINAL AREAS, AND CAUSES DELAYS IN PRODUCT DISTRIBUTION.SITUATION IS BEING INVESTIGATED TOGETHER WITH OUR SERVICE PROVIDERS.  Full Article

Neste Q2 Comparable EBIT EUR 367 Mln, Below Forecast
Thursday, 25 Jul 2019 

July 25 (Reuters) - Neste Oyj ::NESTE'S HALF-YEAR FINANCIAL REPORT FOR JANUARY-JUNE 2019.Q2 COMPARABLE EBIT EUR 367 MILLION (REFINITIV POLL: EUR 383.59 MILLION ).GLOBAL OIL PRODUCT DEMAND GROWTH IS EXPECTED TO CONTINUE AT A LOWER RATE THAN IN 2018.Q2 SALES EUR 4.06 BILLION (REFINITIV POLL: EUR 3.87 BILLION).GLOBAL REFINING CAPACITY ADDITIONS ARE EXPECTED TO GROW DRIVEN BY LARGE PROJECTS IN ASIA AND MIDDLE EAST.NESTE'S EFFECTIVE EUR/USD RATE IS EXPECTED TO BE WITHIN A RANGE 1.14-1.16 IN Q3 OF 2019.RENEWABLE PRODUCTS' SALES VOLUMES AND UTILIZATION RATES OF OUR PRODUCTION FACILITIES ARE EXPECTED TO REMAIN HIGH IN Q3.HAVE SCHEDULED A CATALYST CHANGE AT ROTTERDAM RENEWABLE PRODUCTS REFINERY IN Q4.CATALYST CHANGE IS CURRENTLY ESTIMATED TO HAVE A NEGATIVE IMPACT OF APPROX. EUR 50 MILLION ON SEGMENT'S COMPARABLE OPERATING PROFIT IN Q4.OIL PRODUCTS' THIRD-QUARTER REFERENCE MARGIN IS EXPECTED TO BE HIGHER THAN IN FIRST HALF OF YEAR.NESTE - SCHEDULED MAINTENANCE AT PORVOO REFINERY PRODUCTION LINE 4 SEEN TO HAVE NEGATIVE IMPACT OF APPROX. EUR 15 MILLION ON OIL PRODUCT'S SEGMENT COMPARABLE OPERATING PROFIT, MAINLY IN Q4.OIL PRODUCTS' ADDITIONAL MARGIN BURDENED BY LOWER CURRENCY HEDGING RESULT, HIGHER UTILITY COSTS AND NARROW URALS-BRENT PRICE DIFFERENTIAL.OIL PRODUCTS LOWER REFERENCE MARGIN HAD A NEGATIVE IMPACT OF EUR 18 MILLION ON COMPARABLE OPERATING PROFIT YEAR-ON-YEAR.  Full Article

Russia's Tatneft Buys Neste's Business In Russia
Friday, 5 Jul 2019 

July 5 (Reuters) - Tatneft ::SAYS BUYS FUEL RETAIL BUSINESS IN RUSSIA FROM NESTE.SAYS DEAL INVOLVES 75 GAS STATIONS AND TERMINAL IN ST. PETERSBURG.SAYS PRICE OF THE DEAL IS CONFIDENTIAL.  Full Article

Neste Names Mercedes Alonso EVP Renewable Polymers And Chemicals
Friday, 28 Jun 2019 

June 28 (Reuters) - Neste Oyj ::NESTE APPOINTS MERCEDES ALONSO AS EXECUTIVE VICE PRESIDENT, RENEWABLE POLYMERS AND CHEMICALS, AND MEMBER OF THE NESTE EXECUTIVE COMMITTEE.ALONSO WILL JOIN NESTE ON SEPTEMBER 2019, AT LATEST.  Full Article

UPDATE 1-Finland faces fresh wave of strikes next week

Dec 5 Finland was set for a fresh round of strikes at some of its biggest companies from Monday after state mediators failed to negotiate a deal between industrial sector unions and employer organisations on wages and work conditions.