Neste tops STOXX after Q1 sales margin beat in Renewables

Neste Oyj

29/04/2025 08:19

** Shares in Neste NESTE.HE rise 8% after the Finnish biofuel maker and oil refiner posted a better-than-expected sales margin and said it sees a limited direct impact from the U.S. tariffs

** It books first-quarter sales margin in the Renewable Products segment at $310 per tonne, against $242 per tonne expected on average

** Neste notes improving demand for renewable fuels

** The quarter-on-quarter increase in the margin should be taken well, RBC analysts say, as the group posted a sales margin of $242 per tonne in the Renewable Products for Q4 2024

** The broker notes that improved operational reliability allowing Neste to better optimize feedstock use and its sales mix

** Neste stock, set for its best day since October 2023, is the best performer on pan-European STOXX 600 .STOXX index

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))