Neste has updated its forecast for the sales margin of renewable products, moving the range from USD 600-800 to USD 480-650 per ton. This shift was due to changes in the market price of diesel and fluctuations in the prices of raw materials, impacting the outlook for renewable products. Despite this update, Neste’s shares experienced significant trading activity in the afternoon, with a decrease of 12.3% to EUR 19.46 per share.
Ineos issued a warning about its results, causing concern among investors following a disappointing fourth-quarter outcome. Analysts had previously forecasted a sales margin of $643 per ton for Neste’s renewable products, but this update has created downward pressure on future forecasts. Several financial institutions adjusted their target prices for Neste’s stock downwards in response to these developments.
On the other hand, forestry company Stora Enso raised its profit guidance based on increased demand and improved pricing in certain product categories. Marimekko surpassed expectations while Toivo Group faced challenges but remained optimistic about future growth. The day saw mixed results from several companies, reflecting the uncertain financial landscape caused by changing market conditions and internal challenges impacting various sectors. As investors continue to monitor developments, the market is poised for further fluctuations in the coming days.
Neste’s shift in expected sales margin for renewable products was prompted by changes in market conditions and fluctuations in raw material prices. Despite this update, investors eagerly await US inflation figures later in the day, which may impact their investment decisions.
Several financial institutions adjusted their target prices for Neste’s stock downwards after analysts lowered their sales margin forecast from $643 per ton to a new range of USD 480-650 per ton.
In contrast to these developments, forestry company Stora Enso raised its profit guidance based on increased demand and improved pricing in certain product categories.
Overall, the financial landscape remains uncertain as changing market conditions and internal challenges impact various sectors. Investors continue to monitor developments closely as they anticipate further fluctuations in the coming days.
