Neste Capital Markets Day 2017
Delivering profitable growth - Leverage target and dividend policy revised - Seite 3
During the second half of 2017 Renewable Products' additional margin is expected to be higher than in the first half of the year. Sales volumes of the 100% renewable diesel delivered to end-users are expected to grow and we target to reach 25% of the total sales volumes in 2017. The vegetable oil market is expected to remain volatile, and Neste aims to expand the use of lower-quality waste and residue feedstock. Utilization rates of our renewable diesel facilities are expected to be high. The biopropane unit at the Rotterdam refinery is getting ready for the first product deliveries.
In Marketing & Services the sales volumes and unit margins are expected follow the previous years' seasonality pattern.
The year has continued well, and we expect the year 2017 to be another successful one for Neste.
CMD presentation material in English will be available at www.neste.com/investors from around 2.30 p.m. (EET) onwards.
The event can also be followed online at www.neste.com/investors from 2.30 p.m. (EET) onwards.
A replay will be available after the event at www.neste.com/investors.
Neste Corporation
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Kaisa Lipponen
Director, Corporate Communications
Further information:
Jyrki Mäki-Kala, CFO, tel. +358 10 458 4098
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable choices for the needs of transport, businesses and consumers. Our global range of products and services allows customers to reduce their carbon footprint by combining high-quality renewable products and oil products to tailor-made service solutions. We are the world's largest producer of renewable diesel refined from waste and residues, and we are also bringing renewable solutions to the aviation and plastics industries. We want to be a reliable partner, whose expertise, R&D and sustainable practices are widely respected. In 2016, Neste's net sales stood at EUR 11.7 billion, and we were on the Global 100 list of the 100 most sustainable companies in the world. Read more: neste.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Neste Oyj via Globenewswire