Neste Oil Oyj Issues FY 2013 Financial Guidance in Line with Analysts' Estimates
Neste Oil Oyj announced that the Group's investments are expected to total between approximately EUR 300 million and EUR 350 million in the fiscal year (FY) 2013. The Group's full-year comparable operating profit is expected to improve compared with FY 2012, assuming that the Company's reference refining margin remains at the average level of approximately USD 5/bbl (barrel) typical of the last few years and that Renewable Fuels' result will develop as expected. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 operating profit of EUR 416.00 million. Previously, the Company reported FY 2012 operating profit of EUR 379.28 million.
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