uncategorized · 4/23/2009

Neste Oil new segment reporting figures for 2008

On 5 February 2009 Neste Oil published a business area structure, which is reflected in the company's financial segment reporting. As of 1 April 2009 Neste Oil's operations are grouped into four segments: Oil Products, Renewable Fuels, Oil Retail and Others. Group administration, shared service functions as well as Research and Technology, Neste Jacobs and Nynas AB are included in the Others segment.
Unaudited quarterly figures for 2008 according to the new segment reporting structure are presented in the tables below.
In the full year financial statements the 2008 figures were reported according to the previous segment structure. The new segment structure will be implemented in the first-quarter report to be published on 28 April 2009.
Neste Oil Corporation
Hanna Maula
Director, Corporate Communications
Further information: CFO Ilkka Salonen, tel. +358 50 458 4490
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company's target is to be the world's leading supplier of renewable diesel. Neste Oil's refineries are located in Porvoo and Naantali and have a combined crude oil refining capacity of approx. 260,000 barrels a day. The company had net sales of EUR 15 billion in 2008 and employs around 5,200 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.