Neste Oil produces and sells an extensive range of premium-quality traffic fuels and other high value-added petroleum products to a global customer base. The product range includes gasoline, diesel fuel, aviation and bunker fuel, heating oil, heavy fuel oil, base oil, gasoline components, specialty fuels, solvents, LPG, and bitumen. Oil Products prioritizes developing its product offering in two selected growth areas: diesel fuel and top-tier VHVI base oil. During 2011, Neste Oil focused on strengthening Oil Products’ position in markets around the Baltic, developing its global base oil business, and enhancing its production structure to consolidate its margins.
|Revenue, EUR million||12,644||9,789|
|Operating profit, EUR million||373||333|
|Comparable operating profit, EUR million||249||208|
|Net assets, EUR million||2,228||2,260|
|Comparable return on net assets (RONA), %||10.5||7.9|
|Capital expenditure, EUR million||131||269|
Targets for 2012
- Maintain Neste Oil’s leading position in markets around the Baltic
- Strengthen the company’s margins by improving productivity by, for example, increasing plant capacity utilization levels and the proportion of middle distillates in product output
- Leverage growth in the base oil market by increasing sales of VHVI base oil, developing new customer solutions, and expanding into new areas
- Offer customers flexible and efficient solutions for meeting their biomandate requirements.
Oil Products prioritizes developing its product offering in two selected growth areas: diesel fuel and top-tier VHVI base oil.