Neste tops STOXX after Q2 earnings beat driven by strong RP

Neste Oyj

24/07/2025 08:14

** Shares of Neste NESTE.HE surge 7% after the Finnish biofuel maker and oil refiner reported better-than-expected earnings for the second quarter

** The group's Q2 comparable EBITDA rose 42% year-on-year to 341 million euros ($401.15 million), beating the 302.5 million euro forecast seen in a company-provided consensus

** RBC highlights strong Renewable Products (RP) segment with margin of $361/t well above market expectations and driving divisional comparable EBITDA 78% above consensus

** "While Neste continues to see the market remaining over-supplied this year, it is 'controlling the controllables' with good progress thus far on its performance improvement program," the brokerage says

** The stock, best performer on STOXX 600 index .STOXX, hits its highest since December 2024

($1 = 0.8501 euros)

 (Reporting by Izabela Niemiec)

 ((Izabela.niemiec@thomsonreuters.com))