HELSINKI: St1 Nordic Corporation announced its financial report 2014. According to the report the group’s revenue was €2,720.8 million with an increase of €1,043.2 million in 2014. The increase in revenue mainly resulted from the transfer of the Shell retail station and marketing business from St1 Group Oy to St1 Nordic Oy. The group’s operating profit increased to EUR 45.3 million from EUR 32.9 million in the previous year.
In 2014, St1 continued reorganization with the aim of simplifying and streamlining the structure of the St1 group. The St1 group comprises two sister groups: St1 Group Oy and St1 Nordic Oy. St1 Nordic Oy is engaged in fuel retail and marketing activities, and St1 Group Oy focuses on refinery operations in Gothenburg, Sweden.
As the last stage of the reorganization process, the retail and marketing business in Sweden was transferred from St1 Group Oy to St1 Nordic Oy. St1 Nordic Oy also presents pro forma income statement information for 2014, which includes the figures for the Swedish retail and marketing business transferred to the group in October 2014 for all of 2014. More information on the compilation of the pro forma information is provided at the end of the attachment.
