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NESTE — Neste Oyj News Story

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Brief: Neste Q2 Comparable EBITDA EUR 341 Mln, Above Estimate

July 24 (Reuters) - Neste Oyj NESTE.HE:

Q2 COMPARABLE EBITDA EUR 341 MILLION VERSUS. ESTIMATE EUR 302.5 MILLION

Q2 EPS EUR -0.05

Q2 REVENUE EUR 4,511 MILLION VERSUS. ESTIMATE EUR 5,034.2 MILLION

Q2 EBITDA EUR 246 MILLION

FY GUIDANCE: UNCHANGED

POSITIVE DEVELOPMENTS IN BIOFUEL REGULATION BOTH IN US AND EU, LARGELY SUPPORTING LONG-TERM RENEWABLES DEMAND

MARKET ENVIRONMENT WAS VOLATILE AS GEOPOLITICAL AND GLOBAL TRADE TENSIONS CONTINUED TO IMPACT COMMODITY PRICES AND EXCHANGE RATES

INCREASED MIDDLE DISTILLATE PRICES HAD A POSITIVE IMPACT ON OUR QUARTERLY RESULTS

MARKET IN RENEWABLE FUELS IS EXPECTED TO REMAIN OVERSUPPLIED IN 2025

Source text: ID:nWkr3C28nP

Further company coverage: NESTE.HE

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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