Neste Oyj Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Neste Oyj (HEL:NESTE) Full Year 2024 Results

Key Financial Results

• Revenue: €20.6b (down 10.0% from FY 2023).
• Net loss: €95.0m (down by 107% from €1.43b profit in FY 2023).
• €0.12 loss per share (down from €1.87 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Neste Oyj Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates.

The primary driver behind last 12 months revenue was the Oil Products segment contributing a total revenue of €11.8b (57% of total revenue). Notably, cost of sales worth €18.6b amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to €980.0m (46% of total expenses). Explore how NESTE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat.

Performance of the market in Finland.

The company's shares are down 4.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Neste Oyj (1 is a bit unpleasant!) that we have uncovered.

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