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Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents

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Neste Oil Oyj Comments on FY 2013 Financial Guidance

Wednesday, 6 Mar 2013 06:00am EST 

Neste Oil Oyj announced that the Company's investments are expected to total approximately EUR 300-350 million in the fiscal year 2013. Additionally, the Company expects its fiscal year 2013 comparable operating profit to improve compared to the result reported in the fiscal year 2012, assuming that Neste Oil'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. For the fiscal year 2012, the Company reported comparable operating profit of EUR 352 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report operating profit of EUR 416.00 million for the fiscal year 2013. 

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7:53am EDT