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    NESTE   FI0009013296

NESTE OYJ

(NESTE)
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Neste Oyj : - Member of Board of Directors resigns

07/22/2021 | 06:31am EDT

Sonat Burman-Olsson, member of the Board of Directors of Neste Corporation, has announced her resignation from the Board of the company as of today.

The reason for the resignation is her election as a member of the Board of Directors of the Brazilian energy company Raizen S.A.

The Shareholders' Nomination Board of Neste has assessed that the Board will remain functional after Burman-Olsson's resignation, and that the Board's composition will continue to meet the requirements set out in the Articles of Association. The Shareholders' Nomination Board will provide its proposal on the Board composition in January 2022, at the latest, based on which proposal a decision will be made at the 2022 Annual General Meeting of Neste.

'Sonat Burman-Olsson was elected as a Board member of Neste in 2019. I wish to thank Sonat for her excellent work for Neste and for her strong contribution as a member of the Board,' says Matti Kahkonen, Chair of Neste's Board of Directors.

Contact:

Matti Kahkonen

Tel: +358 50 458 5076

Email: media@neste.com

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world's leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world's most sustainable companies. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the company's comparable operating profit coming from renewable products.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Analyst Recommendations on NESTE OYJ
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Financials
Sales 2021 13 264 M 15 512 M 15 512 M
Net income 2021 1 340 M 1 567 M 1 567 M
Net Debt 2021 143 M 167 M 167 M
P/E ratio 2021 29,3x
Yield 2021 1,50%
Capitalization 39 412 M 46 118 M 46 093 M
EV / Sales 2021 2,98x
EV / Sales 2022 2,65x
Nbr of Employees 5 137
Free-Float 53,6%
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Technical analysis trends NESTE OYJ
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 51,32 €
Average target price 57,47 €
Spread / Average Target 12,0%
EPS Revisions
Managers and Directors
Peter Vanacker President & Chief Executive Officer
Jyrki Mikael Mńki-Kala CFO, Head-Information Technology & Strategy
Matti Kńhk÷nen Chairman
Lars Peter Lindfors Senior Vice President-Innovation
Jean-Baptiste Renard Independent Non-Executive Director
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