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Neste Q2’24: Renewable Products disappointed
Neste’s lower-than-expected sales margin in Renewable Products in Q2’24 made the overall picture negative. In the interview, analyst Petri Gostowski comments on this, as well as cash flow development, the near- and long-term outlook, and the company valuation.
You can find the latest company report here https://www.inderes.se/research/neste-q224-finding-bottoms-in-renewable-products
00:00 Intro
00:17 Q2 tops and flops
00:52 Softness in Renewable Products
01:38 Outlook for Oil Products
02:15 Cash flow development
03:08 Outlook for H2
03:57 Longer-term expectations
05:43 Valuation & recommendation