Edition:
India

Neste Q1 Comparable EBIT EUR 378 Million, Below Estimates


Friday, 26 Apr 2019 

April 26 (Reuters) - Neste Oyj ::NESTE'S INTERIM REPORT FOR JANUARY-MARCH 2019.Q1 SALES EUR 3.77 BILLION (REUTERS POLL: EUR 3.72 BILLION).Q1 COMPARABLE EBIT EUR 378 MILLION (REUTERS POLL: EUR 397 MILLION ).SAYS NESTE HAD A GREAT START FOR YEAR AS RENEWABLE PRODUCTS DELIVERED AN OUTSTANDING PERFORMANCE.RENEWABLE PRODUCTS' SECOND-QUARTER SALES VOLUMES ARE EXPECTED TO BE APPROXIMATELY AT SAME LEVEL AS IN Q1 OF 2019.OIL PRODUCTS' REFERENCE MARGIN IN Q2 IS EXPECTED TO BE HIGHER THAN IN Q1.IN MARKETING & SERVICES SALES VOLUMES AND UNIT MARGINS ARE EXPECTED TO FOLLOW PREVIOUS YEARS' SEASONALITY PATTERN IN Q2.RENEWABLE PRODUCTS DELIVERED BEST EVER QUARTERLY COMPARABLE OPERATING PROFIT AS A RESULT OF SUCCESSFUL MARGIN OPTIMIZATION.PRODUCTS' COMPARABLE OPERATING PROFIT WAS LOWER THAN IN Q1 OF 2018, MAINLY DUE TO A LESS SUPPORTIVE MARKET.