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Neste Oyj (NESTE.HE)

NESTE.HE on Helsinki Stock Exchange

28.40EUR
23 Aug 2019
Change (% chg)

€-0.84 (-2.87%)
Prev Close
€29.24
Open
€29.24
Day's High
€29.36
Day's Low
€28.38
Volume
1,079,292
Avg. Vol
1,274,107
52-wk High
€33.33
52-wk Low
€21.75

Latest Key Developments (Source: Significant Developments)

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

Rejlers To Acquire Neste Engineering Solutions Units
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Rejlers Ab (Publ) ::REJLERS ENTERS INTO A STRATEGIC PARTNERSHIP WITH NESTE BY MEANS OF AN ACQUISITION AND A NEW FIVE YEAR FRAME AGREEMENT.REJLERS HAS TODAY ENTERED INTO AN AGREEMENT TO ACQUIRE STRATEGICALLY IMPORTANT BUSINESS UNITS FROM NESTE ENGINEERING SOLUTIONS..ACQUIRED ENTITIES EMPLOY 333 STAFF IN TOTAL AND PURCHASE PRICE AMOUNTS TO EUR 21 M.ACQUISITION IS WELL ALIGNED WITH NEW STRATEGY FOR GROWTH IN EXISTING MARKETS.AFTER TRANSACTION, REJLERS WILL HAVE AROUND 2,300 QUALIFIED EMPLOYEES IN TOTAL.IN CONNECTION WITH ACQUISITION, PARTIES HAVE ENTERED INTO A FIVE YEAR STRATEGIC PARTNERSHIP AGREEMENT.TRANSACTION IS EXPECTED TO BE COMPLETED NO LATER THAN 1 OCTOBER 2019.ACQUISITION WILL BE FINANCED THROUGH A NEW BANK FACILITY OF SEK 220 M, UNDER DURATION OF WHICH REJLERS WILL CONSIDER PARTLY REPAYING IT BY MEANS OF A NEW SHARE ISSUE, WHICH COULD BE CARRIED OUT EITHER AS A DIRECTED ISSUE OR AS A RIGHTS ISSUE.ACQUISITION WILL BE FINANCED THROUGH A NEW BANK FACILITY OF SEK 220 M.  Full Article

Lyondellbasell And Neste Announce Commercial-Scale Production Of Bio-Based Plastic From Renewable Materials
Tuesday, 18 Jun 2019 

June 18 (Reuters) - LyondellBasell Industries NV ::LYONDELLBASELL AND NESTE ANNOUNCE COMMERCIAL-SCALE PRODUCTION OF BIO-BASED PLASTIC FROM RENEWABLE MATERIALS.NESTE - JOINT PROJECT USED CO'S RENEWABLE HYDROCARBONS DERIVED FROM SUSTAINABLE BIO-BASED RAW MATERIALS.  Full Article

Neste Oyj ABO Bookrunner Says Nordic Railways Sold Entire Stake In Neste
Friday, 1 Mar 2019 

March 1 (Reuters) - Neste Oyj ABO Bookrunner::BLOCK TRADE- NESTE OYJ ABO: BOOKRUNNER SAYS NORDIC RAILWAYS SOLD ENTIRE HOLDING OF 1.2 MILLION SHARES IN NESTE.BLOCK TRADE- NESTE OYJ ABO: BOOKRUNNER SAYS SALE PRICE TO INVESTORS WAS EUR 85.00 PER SHARE.BLOCK TRADE- NESTE OYJ ABO: BOOKRUNNER SAYS FOLLOWING SHARE SALE, NORDIC RAILWAYS LTD NO LONGER OWNS SHARES IN NESTE.  Full Article

Neste ABO: Bookrunner Says Based On Demand Received This Will Now Price At Eur 85 Per Share
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Bookrunner (Neste ABO)::BASED ON DEMAND RECEIVED THIS WILL NOW PRICE AT EUR 85 PER SHARE; BOOKS ARE OVERSUBSCRIBED AT THAT LEVEL.BOOKS WILL CLOSE AT 17.45 UK TIME.  Full Article

Neste ABO: Bookrunner Says Nordic Railways Launches Offering Of Entire Stake
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - BOOKRUNNER (NESTE ABO)::NESTE ABO: BOOKRUNNER SAYS NORDIC RAILWAYS LAUNCHES OFFERING OF ENTIRE HOLDING IN NESTE (1.2 MILLION SHARES), REPRESENTING 0.5% OF SHARES.NESTE ABO: BOOKRUNNER SAYS BOOKS FOR SHARE SALE WILL OPEN WITH IMMEDIATE EFFECT.NESTE ABO: BOOKRUNNER SAYS SHARES WILL BE OFFERED IN ACCELERATED BOOKBUILT OFFERING TO FINNISH AND INTERNATIONAL INSTITUTIONAL INVESTORS.NESTE ABO: MORGAN STANLEY & CO. INTERNATIONAL PLC IS ACTING AS LEAD MANAGER AND SOLE BOOKRUNNER IN SHARE SALE.NESTE ABO: BOOKRUNNER SAYS FIXED PRICE OFFERING AT EUR 84.60 PER SHARE.NESTE ABO: BOOKRUNNER SAYS BOOKS WILL BE OPEN FOR 20 MINUTES.NESTE ABO: BOOKRUNNER SAYS EXPECT NO FURTHER MESSAGE.  Full Article

Finnish State To Hand Over Shares Of Neste To Nordic Railways Ltd In Equity Funding
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - FINNISH GOVERNMENT::SAYS THE FINNISH STATE WILL HAND OVER SHARES OF NESTE OYJ <<>> TO NORDIC RAILWAYS LTD IN EQUITY FUNDING UP TO THE MAXIMUM OF EUR 107 MILLION .THE GOVERNMENT SAYS PLENARY SESSION DECIDED TODAY ON 21 FEBRUARY 2019 TO AUTHORISE THE PRIME MINISTER’S OFFICE TO PROVIDE CAPITAL FOR NORDIC RAILWAYS LTD.  Full Article

Neste Engineering Solutions Signs Cooperation Agreement With Curious AI
Monday, 4 Jun 2018 

June 4 (Reuters) - Neste Oyj ::NESTE ENGINEERING SOLUTIONS SIGNS COOPERATION AGREEMENT WITH CURIOUS AI.  Full Article

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New Venezuela sanctions protect Citgo, encourage debt talks - opposition

CARACAS Venezuela's opposition on Tuesday celebrated a sweeping U.S. sanctions order against the government of President Nicolas Maduro, saying the measure would protect Venezuela-owned U.S.-based refiner Citgo from seizure by creditors.