NESTE OIL NEW SEGMENT REPORTING FIGURES FOR 2007
In October 2007 Neste Oil published a new divisional structure, which is reflected in its financial segment reporting as of 1 January 2008. Neste Oil will report on the performance of all five business divisions i.e. Oil Refining, Biodiesel, Specialty Products, Oil Retail, and Shipping separately from then on. Furthermore, the operations of Research and Technology unit and Neste Jacobs will be reported under Other, which includes Group administration and shared services functions.
The new reporting segments are Biodiesel and Specialty Products. The figures for Biodiesel and the businesses now grouped under Specialty Products, together with Research and Technology unit and Neste Jacobs, were reported under Oil Refining until the end of 2007.
Unaudited quarterly figures for 2007 according to the new segment reporting structure are presented in the tables below.
In the full year financial statements the 2007 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 24 April 2008.
Neste Oil Corporation
Osmo Kammonen
Senior Vice President, Corporate Communications
Further information: Mr. Petri Pentti, CFO, tel +358 10 458 4490.
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company focused on advanced, clean traffic fuels, with a strategy that prioritizes growing its refining and premium-quality biodiesel businesses. Neste Oil's refineries are located at Porvoo and Naantali in Finland, and have a total refining capacity of approx. 260,000 bbl/d. The company employs around 4,800 people and its shares are listed on the Nordic Exchange Helsinki. For further information, see www.nesteoil.com.
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NESTE OIL GROUP
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Unaudited
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COMPARATIVE FIGURES FOR THE FINANCIAL PERIOD 2007 IN ACCORDANCE WITH THE NEW SEGMENT STRUCTURE
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Neste Oil's reporting segments are the five business divisions Oil Refining, Biodiesel, Specialty Products, Oil Retail and Shipping as well as Other segment consisting of Group administration, shared service functions as well as Research and Technology and Neste Jacobs.
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SALES
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Cumulative figures
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Quarterly figures
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1-12
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1-9
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1-6
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1-3
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10-12
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7-9
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4-6
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1-3
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MEUR
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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Oil Refining
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9348
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6608
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4298
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1782
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2740
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2310
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2516
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1782
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Biodiesel
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40
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13
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6
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2
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27
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7
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4
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2
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Specialty Products
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649
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511
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347
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166
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138
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164
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181
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166
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Oil Retail
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3435
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2470
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1617
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774
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965
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853
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843
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774
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Shipping
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394
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307
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225
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110
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87
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82
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115
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110
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Other
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93
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67
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47
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23
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26
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20
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24
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23
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Eliminations
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-1856
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-1334
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-876
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-400
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-522
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-458
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-476
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-400
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Total
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12103
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8642
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5664
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2457
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3461
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2978
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3207
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2457
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OPERATING PROFIT
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Cumulative figures
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Quarterly figures
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1-12
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1-9
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1-6
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1-3
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10-12
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7-9
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4-6
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1-3
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MEUR
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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Oil Refining
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640
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501
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353
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107
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139
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148
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246
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107
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Biodiesel
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-12
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-14
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-7
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-3
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2
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-7
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-4
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-3
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Specialty Products
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122
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112
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78
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31
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10
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34
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47
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31
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Oil Retail
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60
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51
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29
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11
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9
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22
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18
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11
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Shipping
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30
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35
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39
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23
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-5
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-4
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16
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23
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Other
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-37
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-28
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-12
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-6
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-9
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-16
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-6
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-6
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Eliminations
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-2
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1
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-2
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1
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-3
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3
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-3
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1
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Total
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801
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658
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478
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164
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143
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180
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314
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164
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COMPARABLE OPERATING PROFIT
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Cumulative figures
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Quarterly figures
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1-12
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1-9
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1-6
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1-3
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10-12
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7-9
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4-6
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1-3
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MEUR
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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Oil Refining
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484
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399
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274
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106
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85
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125
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168
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106
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Biodiesel
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-13
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-16
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-10
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-5
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3
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-6
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-5
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-5
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Specialty Products
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109
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107
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73
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32
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2
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34
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41
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32
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Oil Retail
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59
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49
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28
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11
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10
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21
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17
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11
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Shipping
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28
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32
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33
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21
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-4
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-1
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12
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21
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Other
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-39
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-30
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-13
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-8
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-9
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-17
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-5
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-8
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Eliminations
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-2
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1
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-2
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1
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-3
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3
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-3
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1
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Total
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626
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542
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383
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158
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84
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159
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225
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158
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DEPRECIATION, AMORTIZATION
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AND IMPAIRMENTS
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Cumulative figures
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Quarterly figures
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1-12
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1-9
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1-6
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1-3
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10-12
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7-9
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4-6
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1-3
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MEUR
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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Oil Refining
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126
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89
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53
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24
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37
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36
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29
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24
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Biodiesel
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5
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3
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1
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0
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2
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2
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1
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0
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Specialty Products
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13
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10
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7
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3
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3
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3
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4
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3
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Oil Retail
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27
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20
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13
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6
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7
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7
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7
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6
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Shipping
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15
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11
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7
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4
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4
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4
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3
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4
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Other
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9
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6
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3
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2
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3
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3
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1
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2
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Total
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195
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139
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84
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39
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56
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55
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45
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39
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SHARE OF PROFIT OF ASSOCIATES
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AND JOINT VENTURES
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Cumulative figures
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Quarterly figures
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1-12
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1-9
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1-6
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1-3
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10-12
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7-9
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4-6
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1-3
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MEUR
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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Oil Refining
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0
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0
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0
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0
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0
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0
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0
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0
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Biodiesel
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0
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0
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0
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0
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0
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0
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0
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0
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Specialty Products
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39
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31
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14
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1
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8
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17
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13
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1
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Oil Retail
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0
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0
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0
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0
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0
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0
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0
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0
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Shipping
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0
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0
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0
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0
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0
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0
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0
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0
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Other
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0
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0
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0
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0
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0
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0
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0
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0
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Total
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39
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31
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14
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1
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8
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17
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13
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1
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CAPITAL EXPENDITURE AND
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INVESTMENT IN SHARES
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Cumulative figures
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Quarterly figures
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1-12
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1-9
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1-6
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1-3
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10-12
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7-9
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4-6
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1-3
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MEUR
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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/2007
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Oil Refining
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193
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147
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116
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72
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46
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31
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44
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72
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Biodiesel
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69
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47
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34
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17
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22
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13
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17
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17
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Specialty Products
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5
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3
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2
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1
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2
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1
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1
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1
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Oil Retail
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51
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27
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18
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7
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24
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9
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11
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7
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Shipping
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|
2
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2
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1
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1
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0
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1
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0
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1
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Other
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|
14
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10
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6
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2
|
4
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4
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4
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2
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Total
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334
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236
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177
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100
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98
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59
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77
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100
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NET ASSETS
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31 Dec
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30 Sep
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30 June
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31 March
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MEUR
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2007
|
2007
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2007
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2007
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Oil Refining
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2165
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2189
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2076
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2258
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Biodiesel
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|
142
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122
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112
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88
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Specialty Products
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|
|
324
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359
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320
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336
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Oil Retail
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|
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|
|
|
381
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368
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318
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319
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Shipping
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|
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|
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|
|
297
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298
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311
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309
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Other
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|
59
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51
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52
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47
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Eliminations
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|
2
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3
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-1
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-1
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Total
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3370
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3390
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3188
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3356
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RETURN ON NET ASSETS, %
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31 Dec
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30 Sep
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30 June
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31 March
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2007
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2007
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2007
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2007
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Oil Refining
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30,1
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31,5
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33,7
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20,3
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Biodiesel
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-11,4
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-19,3
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-15,9
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-15,8
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Specialty Products
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36,8
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44,7
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48
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37,8
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Oil Retail
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17,4
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20,3
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17,9
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13,4
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Shipping
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9,9
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15,4
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25,5
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30,3
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COMPARABLE RETURN ON NET ASSETS, %
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31 Dec
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30 Sep
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30 June
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31 March
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2007
|
2007
|
2007
|
2007
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Oil Refining
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|
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22,7
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25,1
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26,1
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20,1
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Biodiesel
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|
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-12,3
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-22,1
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-22,7
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-26,3
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Specialty Products
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32,9
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42,7
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44,9
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39
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Oil Retail
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|
|
|
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|
17,1
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19,5
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17,3
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13,4
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Shipping
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|
|
|
|
|
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9,3
|
14
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21,6
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27,7
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