Announcement • Jun 12
Neste Corporation Announces Board Changes The following members have been appointed to the Shareholders' Nomination Board of Neste Corporation: Director General Maija Strandberg of the Ownership Steering Department in the Prime Minister s Office of Finland, as the Chair, and EVP, Investments Annika Ekman of Ilmarinen Mutual Pension Insurance Company and Senior Vice President, Investments Timo Sallinen of Varma Mutual Pension Insurance Company, as its members. Pasi Laine, the Chair of Neste's Board of Directors, acts as an expert to the Nomination Board.
The Shareholders Nomination Board is responsible for preparing and presenting proposals to the Annual General Meeting concerning Board members as well as the remuneration and the number of Board members. The Nomination Board shall forward its proposals to Neste s Board of Directors by 31 January 2027. New Risk • Apr 30
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: €0.69 (vs €0.052 loss in 1Q 2025) First quarter 2026 results: EPS: €0.69 (up from €0.052 loss in 1Q 2025). Revenue: €5.17b (up 3.1% from 1Q 2025). Net income: €533.0m (up €573.0m from 1Q 2025). Profit margin: 10% (up from net loss in 1Q 2025). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. New Risk • Apr 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Mar 31
Now 20% undervalued Over the last 90 days, the stock has risen 42% to €27.55. The fair value is estimated to be €34.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Upcoming Dividend • Mar 19
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 07 April 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (3.8%). Buy Or Sell Opportunity • Mar 13
Now 21% undervalued Over the last 90 days, the stock has risen 47% to €27.44. The fair value is estimated to be €34.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. Announcement • Mar 05
Neste Corporation Announces Management Changes, Effective 1 April 2026 Neste Corporation appointed new leadership team members as part of an organizational change that primarily affects the company's Renewable Products business. As of 1 April 2026, Renewable Products commercial, refining, and feedstock sourcing and trading will be represented in Neste's leadership team. At the same time, Neste will establish a Renewable Products, North America business unit, responsible for all renewable products business in North America, including regional feedstock and commercial operations as well as Martinez joint venture. From 1 April 2026 onwards, Neste's leadership team members will consist of Heikki Malinen, President and CEO, and the following leadership team members, who will all report to the President and CEO: Jori Sahlsten, Executive Vice President, Oil Products business area; Artturi Mikkola, Senior Vice President, Renewable Products Feedstock Sourcing and Trading; Jukka Kanerva, Senior Vice President, Renewable Products Refining; Carl Nyberg, Senior Vice President, Renewable Products Commercial; N.N., President, Renewable Products, North America (Carl Nyberg as interim); Markku Korvenranta, Executive Vice President and Chief Operating Officer (COO); Eeva Sipilä, Chief Financial Officer (CFO); Hannele Jakosuo-Jansson, Executive Vice President, People & Culture. These changes will not affect Neste's financial reporting segments. Announcement • Feb 07
Neste Corporation Appoints Jukka Siukosaari as Senior Vice President, Public Affairs and Geopolitics, Effective June 1, 2026 Neste Corporation has appointed Jukka Siukosaari, MSc (Econ.), as Senior Vice President, Public Affairs and Geopolitics, effective June 1, 2026. He will report to Heikki Malinen, President and CEO of Neste and be a member of Neste’s Extended Leadership Team. Siukosaari will join Neste from the Ministry of Foreign Affairs where he currently serves as Ambassador of Finland to the Kingdom of Denmark. Previously he has served as Finland’s ambassador to the United Kingdom, Japan and Argentina as well as the Permanent Representative to the IMO (International Maritime Organization). From 2018 to 2021 he was Chief of Staff at the Office of the President of the Republic of Finland. Declared Dividend • Feb 07
Dividend of €0.20 announced Dividend of €0.20 is the same as last year. Ex-date: 26th March 2026 Payment date: 7th April 2026 Dividend yield will be 0.9%, which is lower than the industry average of 6.7%. Payout Ratios Payout ratio: 107%. Cash payout ratio: 19%. Reported Earnings • Feb 06
Full year 2025 earnings released: EPS: €0.19 (vs €0.12 loss in FY 2024) Full year 2025 results: EPS: €0.19 (up from €0.12 loss in FY 2024). Revenue: €19.0b (down 7.8% from FY 2024). Net income: €144.0m (up €239.0m from FY 2024). Profit margin: 0.8% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. New Risk • Oct 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: €0.14 (vs €0.03 in 3Q 2024) Third quarter 2025 results: EPS: €0.14 (up from €0.03 in 3Q 2024). Revenue: €4.53b (down 19% from 3Q 2024). Net income: €106.0m (up 361% from 3Q 2024). Profit margin: 2.3% (up from 0.4% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Announcement • Oct 29
Neste Oyj Announces Guidance Unchanged for 2025 Neste Oyj announced guidance unchanged. for 2025 For the year, the company expected renewable products' sales volumes in 2025 are expected to be higher than in 2024. Oil Products' sales volumes in 2025 are expected to be higher than in 2024. Buy Or Sell Opportunity • Oct 21
Now 21% undervalued Over the last 90 days, the stock has risen 24% to €16.45. The fair value is estimated to be €20.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Aug 11
Now 21% undervalued Over the last 90 days, the stock has risen 50% to €14.41. The fair value is estimated to be €18.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 25
Second quarter 2025 earnings released: €0.05 loss per share (vs €0.19 loss in 2Q 2024) Second quarter 2025 results: €0.05 loss per share (improved from €0.19 loss in 2Q 2024). Revenue: €4.51b (down 2.8% from 2Q 2024). Net loss: €36.0m (loss narrowed 75% from 2Q 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jun 12
Now 21% undervalued Over the last 90 days, the stock has risen 17% to €10.68. The fair value is estimated to be €13.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Jun 09
Neste Corporation Appoints Members to Shareholders' Nomination Board Neste Corporation has appointed the following members to the Shareholders' Nomination Board: Director General Maija Strandberg of the Ownership Steering Department in the Prime Minister's Office of Finland, as the Chair, and Senior Vice President, Investments Timo Sallinen of Varma Mutual Pension Insurance Company and Head of Equities Annika Ekman of Ilmarinen Mutual Pension Insurance Company, as its members. Pasi Laine, the Chair of Neste's Board of Directors, acts as an expert to the Nomination Board. According to the Charter for the Shareholders' Nomination Board, the members represent the company's three largest shareholders. Shareholders entitled to elect members to the Nomination Board are determined annually on the basis of the shareholders' register as of the first banking day in June. The Shareholders' Nomination Board is responsible for preparing and presenting proposals to the Annual General Meeting concerning Board members and the number of Board members. The Nomination Board shall forward its proposals to Neste's Board of Directors by January 31, 2026. Buy Or Sell Opportunity • May 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to €9.23. The fair value is estimated to be €11.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (47% net debt to equity). Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • Apr 30
First quarter 2025 earnings released: €0.052 loss per share (vs €0.21 profit in 1Q 2024) First quarter 2025 results: €0.052 loss per share (down from €0.21 profit in 1Q 2024). Revenue: €5.02b (up 4.5% from 1Q 2024). Net loss: €40.0m (down 125% from profit in 1Q 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings. Announcement • Mar 26
Neste Oyj Elects Members of Its Two Committees Neste Oyj convening after the Annual General Meeting on March 25, 2025, announced that the Board of Directors elected the members of its two Committees. Pasi Laine was elected as Chair and Nick Elmslie, Conrad Keijzer and Sari Mannonen as members of the Personnel and Remuneration Committee. Essimari Kairisto was elected as Chair and John Abbott, Anna Hyvönen and Just Jansz as members of the Audit Committee. Announcement • Mar 25
Neste Corporation Approves Dividend for the Year 2024, Payable on 3 April 2025 Neste Corporation announced that at its AGM held on 25 March 2025, approved the board of directors' proposal that a dividend of EUR 0.20 per share will be paid on the basis of the approved balance sheet for 2024. The dividend will be paid to shareholders registered in the shareholders' register of the company maintained by Euroclear Finland Oy on the record date of the dividend payment, which shall be 27 March 2025. The dividend will be paid on 3 April 2025. Upcoming Dividend • Mar 19
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 26 March 2025. Payment date: 03 April 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (4.9%). New Risk • Mar 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Declared Dividend • Feb 19
Final dividend of €0.20 announced Shareholders will receive a dividend of €0.20. Ex-date: 26th March 2025 Payment date: 3rd April 2025 Dividend yield will be 8.3%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Feb 14
Neste Oyj, Annual General Meeting, Mar 25, 2025 Neste Oyj, Annual General Meeting, Mar 25, 2025, at 10:30 FLE Standard Time. Location: in the conference centre of helsinki expo and, convention centre, entrance at rautatielaisenkatu 3, 00520 helsinki Finland Board Change • Feb 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 1 highly experienced director. Independent Director Nick Elmslie was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Feb 13
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 210% Paying a dividend despite having no free cash flows. Reported Earnings • Feb 13
Full year 2024 earnings released: €0.12 loss per share (vs €1.87 profit in FY 2023) Full year 2024 results: €0.12 loss per share (down from €1.87 profit in FY 2023). Revenue: €20.7b (down 9.8% from FY 2023). Net loss: €95.0m (down 107% from profit in FY 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: €0.03 (vs €0.70 in 3Q 2023) Third quarter 2024 results: EPS: €0.03 (down from €0.70 in 3Q 2023). Revenue: €5.62b (down 5.8% from 3Q 2023). Net income: €23.0m (down 96% from 3Q 2023). Profit margin: 0.4% (down from 9.0% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.1% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 24
Upcoming dividend of €0.60 per share Eligible shareholders must have bought the stock before 01 October 2024. Payment date: 09 October 2024. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 7.3%. Within top quartile of British dividend payers (5.4%). Higher than average of industry peers (4.8%). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €16.06, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 3x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 67% over the past three years. Reported Earnings • Jul 26
Second quarter 2024 earnings released: €0.19 loss per share (vs €0.34 profit in 2Q 2023) Second quarter 2024 results: €0.19 loss per share (down from €0.34 profit in 2Q 2023). Revenue: €4.64b (down 13% from 2Q 2023). Net loss: €144.0m (down 156% from profit in 2Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • Jun 14
Neste Corporation Announces Resignation of Heikki Malinen as Member of the Board of Directors Neste Corporation announced Heikki Malinen, a member of the board of directors of the company has announced his resignation from the board of the company as of 13 June 2024. The reason for the resignation is his appointment as Neste’s President and CEO as of 2 November 2024, at the latest. After Malinen’s resignation Neste’s Board comprises nine members. Announcement • Jun 08
Neste Corporation Appoints Nomination Board Neste Corporation announced that the following members have been appointed to the Shareholders' Nomination Board: Director General Maija Strandberg of the Ownership Steering Department in the Prime Minister's Office of Finland, as the Chair, and Senior Vice President, Investments Timo Sallinen of Varma Mutual Pension Insurance Company and President and CEO Jouko Pölönen of Ilmarinen Mutual Pension Insurance Company, as its members. Matti Kähkönen, the Chair of Neste's Board of Directors, acts as an expert to the Nomination Board. The Shareholders' Nomination Board is responsible for preparing and presenting proposals to the AGM concerning Board members as well as the remuneration and the number of Board members. The Nomination Board shall forward its proposals to Neste's Board of Directors by 31 January 2025. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €19.04, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 3x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.94 per share. Announcement • May 09
Neste Corporation Announces Change in the Executive Committee Neste Corporation announced that Katja Wodjereck, Executive Vice President, Renewable Products business unit and a member of the Executive Committee since 1 April 2023 steps down from her position as of May 8, 2024 and leaves the company to pursue other opportunities. Carl Nyberg, Executive Vice President, Renewables Supply Chain and Sustainability and a member of the Executive Committee since 2019, will take the interim lead in the Renewable Products business in addition to his existing responsibilities. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: €0.21 (vs €0.31 in 1Q 2023) First quarter 2024 results: EPS: €0.21 (down from €0.31 in 1Q 2023). Revenue: €4.82b (down 9.0% from 1Q 2023). Net income: €162.0m (down 32% from 1Q 2023). Profit margin: 3.4% (down from 4.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 29
Dividend of €0.60 announced Shareholders will receive a dividend of €0.60. Ex-date: 1st October 2024 Payment date: 9th October 2024 Dividend yield will be 4.8%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 28
Neste Announces Committees Election At the Annual General Meeting held on 27 March 2024, Neste's Board of Directors elected the members of its two Committees. Johanna Söderström was elected as Chair and Nick Elmslie, Pasi Laine and Sari Mannonen as members of the Personnel and Remuneration Committee. Conrad Keijzer and Heikki Malinen as members of the Audit Committee. Upcoming Dividend • Mar 21
Upcoming dividend of €0.60 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 09 April 2024. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Lower than top quartile of British dividend payers (6.3%). In line with average of industry peers (4.5%). Declared Dividend • Feb 18
Final dividend of €0.60 announced Shareholders will receive a dividend of €0.60. Ex-date: 28th March 2024 Payment date: 9th April 2024 Dividend yield will be 4.9%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 09
Full year 2023 earnings released: EPS: €1.87 (vs €2.46 in FY 2022) Full year 2023 results: EPS: €1.87 (down from €2.46 in FY 2022). Revenue: €23.0b (down 11% from FY 2022). Net income: €1.43b (down 24% from FY 2022). Profit margin: 6.2% (down from 7.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Feb 08
Neste Oyj Proposes Dividend for the Year 2023, Payable in Two Installments on 2 April 2024 and on 9 October 2024 The Board of Directors of Neste Oyj proposes to the AGM that a dividend of EUR 1.20 per share be paid on the basis of the approved balance sheet for 2023. The dividend shall be paid in two installments. The first instalment of the dividend, EUR 0.60 per share, will be paid to shareholders registered in the shareholders' register of the Company maintained by Euroclear Finland Oy on the record date for the first instalment of the dividend, which shall be, 2 April 2024. The Board proposes to the AGM that the first instalment of the dividend would be paid on Tuesday, 9 April 2024. The second instalment of the dividend, EUR 0.60 per share, will be paid to shareholders registered in the shareholders' register of the Company maintained by Euroclear Finland Oy on the record date for the second instalment of the dividend, which shall be 2 October 2024. The Board proposes to the AGM that the second instalment of the dividend would be paid on 9 October 2024. Announcement • Jan 31
Neste Corporation Announces Kimmo Viertola Not to Stand for Re-Election as Board Member Neste Corporation announced that Kimmo Viertola, who has been a Board member of the Company as of 2023, has informed that he will not be available for re-election for the next period of office. Announcement • Nov 09
Neste Oyj (HLSE:NESTE) acquired additional 29% stake in Neste Demeter B.V. Neste Oyj (HLSE:NESTE) acquired additional 29% stake in Neste Demeter B.V. on November 8, 2023. After this transaction Neste Oyj (HLSE:NESTE) Holds 80% stake in Neste Demeter B.V. Neste has also agreed to acquire the remaining shares of Neste Demeter B.V. over the next few years as agreed with the minority shareholders.
Neste Oyj (HLSE:NESTE) completed the acquisition of additional 29% stake in Neste Demeter B.V. on November 8, 2023. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: €0.70 (vs €0.18 in 3Q 2022) Third quarter 2023 results: EPS: €0.70 (up from €0.18 in 3Q 2022). Revenue: €5.98b (down 9.2% from 3Q 2022). Net income: €538.0m (up 296% from 3Q 2022). Profit margin: 9.0% (up from 2.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.9% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Sep 21
Neste Corporation Announces Special Dividend, Effective September 28, 2023 Neste Corporation will distribute a special dividend in the amount of EUR 0.25 per share, effective September 28, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of €0.51 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 October 2023. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (6.2%). Announcement • Sep 12
Neste Oyj Updates Production Outlook for Third-Quarter 2023 Neste Oyj updated production outlook for third-quarter 2023. New updated outlook: Neste's Oil Products' third-quarter total refining margin is expected to be significantly higher than in the second quarter of 2023 (USD 16.7/bbl). Previous outlook: Neste Oil Products' third-quarter total refining margin is expected to be slightly higher than in the second quarter of 2023 (USD 16.7/bbl). Announcement • Sep 07
Neste Corporation Announces Appointment of Shareholders Nomination Board Neste Corporation announced the following members have been appointed to Neste's Shareholders' Nomination Board: The Chair, Senior Ministerial Adviser, Financial Affairs Maija Strandberg of the Ownership Steering Department in the Prime Minister’s Office of Finland; Timo Sallinen, Senior Vice President, Investments of Varma Mutual Pension Insurance Company; President and CEO Jouko Pölönen of Ilmarinen Mutual Pension Insurance Company and Matti Kähkönen, the Chair of Neste's Board of Directors. In line with a decision taken by the Annual General Meeting (AGM) held on 4 April 2013, the Shareholders' Nomination Board consists of four members, three of which shall be appointed by the company's three shareholders as of the first weekday in September, who shall appoint one member each, with the Chair of Neste's Board of Directors serving as the fourth member. The Nomination Board is responsible for drafting and presenting proposals covering potential Board members to the AGM as well as the remuneration and number of members of the Board of Directors. The Nomination Board will forward its proposals for the AGM to the Board of Directors by 31 January 2024. Announcement • Aug 03
Neste Corporation Announces Death of Jari Rosendal, A Member of Board of Directors Jari Rosendal, a member of the Board of Directors of Neste Corporation, has died after a short illness. Rosendal served on Neste’s Board of Directors as of 2018. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: €0.34 (vs €0.78 in 2Q 2022) Second quarter 2023 results: EPS: €0.34 (down from €0.78 in 2Q 2022). Revenue: €5.37b (down 24% from 2Q 2022). Net income: €258.0m (down 57% from 2Q 2022). Profit margin: 4.8% (down from 8.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.1% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 20
Neste Oyj Updates Dividend Policy Neste Oyj announced dividend policy has been updated as follows: "Neste's target is to pay a competitive and over time growing dividend." The former dividend policy was that the company distributes at least 50% of the company's comparable net profit for the year in the form of dividends. Announcement • Jun 17
Neste Oyj Announces Resignation of Mercedes Alonso as Executive Vice President Neste Oyj announced Mercedes Alonso, Executive Vice President of Neste's Renewable Polymers and Chemicals business unit has decided to leave the company to pursue other opportunities, and she will step down by the beginning of the fourth quarter. The search for Alonso's successor will start without delay. Buying Opportunity • Jun 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.1%. The fair value is estimated to be €50.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to decline by 1.5% per annum. Earnings is forecast to grow by 13% per annum over the same time period. Announcement • May 17
Neste Oyj (HLSE:NESTE) agreed to acquire minority stake in Changi Airport Fuel Hydrant Installation Pte. Ltd. Neste Oyj (HLSE:NESTE) agreed to acquire minority stake in Changi Airport Fuel Hydrant Installation Pte. Ltd. on May 16, 2023. The transaction is subject to the fulfilment of customary closing conditions. Announcement • May 13
Neste Oyj (HLSE:NESTE) acquired PetroCard, Inc. Neste Oyj (HLSE:NESTE) acquired PetroCard, Inc. on May 11, 2023.Neste Oyj (HLSE:NESTE) completed the acquisition of PetroCard, Inc. on May 11, 2023. Buying Opportunity • May 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €49.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings is also forecast to grow by 6.1% per annum over the same time period. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: €0.31 (vs €0.83 in 1Q 2022) First quarter 2023 results: EPS: €0.31 (down from €0.83 in 1Q 2022). Revenue: €5.31b (down 3.8% from 1Q 2022). Net income: €237.0m (down 63% from 1Q 2022). Profit margin: 4.5% (down from 12% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.2% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Mar 22
Upcoming dividend of €0.76 per share at 2.3% yield Eligible shareholders must have bought the stock before 29 March 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (6.4%). Buying Opportunity • Mar 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.6%. The fair value is estimated to be €53.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 0.4% per annum. Earnings is forecast to grow by 5.9% per annum over the same time period. 
