Neste Oyj

Neste Corporation has revised its 2024 guidance for Renewable Products downward due to a significant drop in diesel prices during the third quarter, while prices for waste and residue feedstock have not decreased, and market price premiums for renewable products have remained weak. The company has adjusted its sales volume and SAF (Sustainable Aviation Fuel) sales volume forecasts and will optimize production capacity based on market conditions. The updated 2024 guidance for Renewable Products anticipates a total sales volume increase from 2023, reaching approximately 3.9 million tons (±5%), with SAF sales volume expected to be between 0.35 and 0.55 million tons. The average comparable sales margin for the full year is projected to be between USD 360 and 480 per ton. The previous guidance had expected a total sales volume of around 4.4 million tons (±10%), with SAF sales volume ranging from 0.5 to 0.7 million tons, and an average comparable sales margin between USD 480 and 580 per ton. The guidance for Oil Products in 2024 remains unchanged. For more information, contact Anssi Tammilehto, Vice President of Investor Relations, or Neste's media service. Neste is a leader in renewable fuels and circular raw materials, aiming for significant reductions in greenhouse gas emissions and carbon-neutral production by 2035. In 2023, Neste's revenue was EUR 22.9 billion.

Neste Corporation announced that it received a notification from BlackRock, Inc. on 9 September 2024, indicating that BlackRock's holdings in Neste have exceeded 5% of the total shares and voting rights, reaching 5.37% when including financial instruments. Neste Corporation has a total of 769,211,058 shares, each granting one vote. For more details, contact Neste's media service or visit their website. Neste is a leading producer of sustainable aviation fuel and renewable diesel, aiming to reduce greenhouse gas emissions and achieve carbon-neutral production by 2035. In 2023, Neste's revenue was EUR 22.9 billion.

Neste Corporation announced that Heikki Malinen will assume the role of President and CEO on 15 October 2024, succeeding Matti Lehmus, who will continue in the position until 14 October 2024 and then act as an advisor until mid-November 2024. Matti Kähkönen, Chair of the Board, expressed confidence in Malinen's ability to lead the company and thanked Lehmus for his significant contributions. Neste aims to be a leader in renewable fuels and circular economy solutions, with goals including carbon-neutral production by 2035 and reducing product carbon intensity by 50% by 2040. In 2023, Neste's revenue was EUR 22.9 billion.

Neste Corporation announced its schedule for publishing financial reports in 2025. The reports will be released on the following dates: Financial Statements for fiscal 2024 on 13 February 2025, Interim Report for January-March 2025 on 29 April 2025, Half Year Financial Report for January-June 2025 on 24 July 2025, and Interim Report for January-September 2025 on 29 October 2025. The Annual Report for 2024 will be available on Neste's website during the week starting 24 February 2025, and the Annual General Meeting is set for 25 March 2025. For further information, contact Anssi Tammilehto, Vice President of Investor Relations, at +358 50 458 8436, or Neste's media service at +358 800 94025 or media@neste.com. Neste Corporation is a leader in renewable fuels and circular economy solutions, aiming to significantly reduce greenhouse gas emissions and achieve carbon-neutral production by 2035. The company reported a revenue of EUR 22.9 billion in 2023. More details can be found at neste.com.

Neste Corporation announced that BlackRock, Inc. has notified them of a decrease in their aggregate holdings to below 5% of Neste’s total shares and voting rights as of August 26, 2024. However, when including financial instruments, BlackRock's holdings amount to 5.45%. Neste's share stock consists of 769,211,058 shares, each with one vote. The notification details the full chain of controlled undertakings related to these holdings. For further information, contact Neste's media service or subscribe to their releases. Neste is a leader in renewable fuels and aims to significantly reduce greenhouse gas emissions and achieve carbon-neutral production by 2035. In 2023, Neste's revenue was EUR 22.9 billion.