The earnings call presented a challenging financial year for Neste with unsatisfactory performance metrics, operational difficulties, and significant market challenges. While there were efforts to expand and capture new markets, the lowlights outweighed the highlights, leading to a negative sentiment.
Company Guidance
During the Neste Q4 and Full Year 2024 Results Webcast, the company provided guidance for 2025, indicating that the renewable products and oil products sales volumes are expected to be higher than in 2024. However, the renewable fuels market is anticipated to be oversupplied and challenging. The group full-year 2025 CapEx is estimated to be between €1.1 billion and €1.3 billion, excluding M&A. The company plans a five-week turnaround in Rotterdam in Q4 and a six-week turnaround in Singapore starting mid-December. The performance improvement program targets a €350 million EBITDA run rate increase, with €250 million from operational cost reductions. These efforts aim to maintain leverage below 40% and support Neste's financial targets for 2025 and 2026.
Increased Renewable Product Sales Volume
The sales volume for renewable products increased in Q4 2024, though it could have been higher without operational issues. SAF volume also increased significantly.
Expansion Initiatives
Neste continued to progress with its investments, such as the second line in Singapore and conversion in Rotterdam, which will begin SAF production in Q1 2025.
New Market Entrants
Neste sold its first volumes to Canada and announced a significant deal there.
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Neste (NTOIY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NTOIY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 13, 2025
$5.91
$5.32
-9.98%
Oct 24, 2024
$8.21
$7.77
-5.36%
Jul 25, 2024
$9.27
$9.70
+4.64%
Apr 25, 2024
$13.64
$11.89
-12.83%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Neste (NTOIY) report earnings?
Neste (NTOIY) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Neste (NTOIY) earnings time?
Neste (NTOIY) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.