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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Neste Oyj    NESTE   FI0009013296

NESTE OYJ

(NESTE)
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Delayed Quote. Delayed NASDAQ OMX HELSINKI LTD. - 10/23 11:29:51 am
49 EUR   -1.39%
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Neste Oyj : MY Renewable Diesel available at more than 100 sales points in the Netherlands

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09/22/2020 | 06:05am EDT
Neste, the world's largest producer of renewable diesel and the 3rd most sustainable company in the world*, celebrates reaching the milestone of 100 Neste MY Renewable Diesel™ sales points in the Netherlands. Neste MY Renewable Diesel, produced from 100% renewable raw materials, was launched on the Dutch market in October 2019. With the use of Neste MY Renewable Diesel, customers can reduce greenhouse gas emissions by up to 90%** compared to fossil diesel over the fuel's lifecycle.

"We are extremely happy to be reaching this milestone together with our four Dutch distribution partners and all end-customers. Fleet owners and private car owners across the country can now fill up with our high-quality fuel and become fossil free in an instant. Neste MY Renewable Diesel is a drop-in solution, meaning that it can be mixed with fossil diesel, and it does not require modifications to existing diesel engines or infrastructure", says Pieter Zonneveld, Vice President, Sales Europe & APAC, for Neste's Renewable Road Transportation business unit.

Rapid growth for Neste MY Renewable Diesel in the Netherlands

Neste's distribution partners in the Netherlands are Future Fuels Wholesale B.V., EG Retail (Netherlands) B.V., GP Groot Brandstoffen en Oliehandel B.V. and Tamoil Nederland B.V.

Neste has been active in the Netherlands since 2011 when the Rotterdam refinery for renewable products started its operations. Last year, Neste opened a new office in Hoofddorp, just outside Amsterdam, which serves as the global hub for the growing Renewable Aviation business.

Besides the Netherlands, Neste MY Renewable Diesel is available for customers in Finland, Sweden, Estonia, Latvia, Lithuania, and in the United States in California and Oregon.

*) According to the Corporate Knights 2020 Global 100 Most Sustainable Corporations list.

**) The method used to calculate life cycle emissions and emission reduction complies with the EU Renewable Energy Directive (2009/28/EC).

Neste Corporation

Susanna Sieppi
Vice President, Communications (act.)

Please contact Neste's media service, tel. +358 50 458 5076 / media@neste.com (weekdays between 8.30 a.m. to 4.00 p.m.).

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2019, Neste's revenue stood at EUR 15.8 billion. In 2020, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com

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Neste Oyj published this content on 22 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 10:04:07 UTC


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Financials
Sales 2020 11 530 M 13 675 M 13 675 M
Net income 2020 1 036 M 1 228 M 1 228 M
Net cash 2020 78,6 M 93,2 M 93,2 M
P/E ratio 2020 36,4x
Yield 2020 2,01%
Capitalization 37 624 M 44 536 M 44 626 M
EV / Sales 2020 3,26x
EV / Sales 2021 2,86x
Nbr of Employees 4 890
Free-Float 53,4%
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 48,61 €
Last Close Price 49,00 €
Spread / Highest target 22,4%
Spread / Average Target -0,81%
Spread / Lowest Target -28,6%
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NameTitle
Peter Vanacker President & Chief Executive Officer
Matti Kähkönen Chairman
Jyrki Mikael Mäki-Kala CFO, Head-Information Technology & Strategy
Lars Peter Lindfors Senior Vice President-Innovation
Willem Jan Antoon Schoeber Independent Non-Executive Director
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