Company information & Key Figures

St1 Nordic Oy is a privately owned Nordic energy Group whose vision is to be the leading producer and seller of CO₂-aware energy.

St1 Nordic Structure 1.1.2020

St1 focuses on fuels marketing activities, oil refining and renewable energy solutions such as waste-based advanced ethanol fuels and industrial wind power. The group has 1300 St1 and Shell branded retail stations in Finland, Sweden and Norway. Headquartered in Helsinki, St1 employs currently some 770 people in total.




Associated Companies

Our operations are strengthened by strategic long-term partnerships in various areas.

North European Oil Trade Oy is a significant independent fuel supply company in the Baltic region.

TuuliWatti Oy is the leading operator in industrial wind power in Finland.

Aviation Fuelling Services Norway AS is an aviation fuelling services provider in the Norwegian market.

St1 Value Chain

While fossil fuels are still our main source of income, it allows us to build world-class expertise in introducing more and more renewable energy to the market. Our customers benefit from the competitive edge we gain by managing the complete value chain from raw materials and energy sources to service at the pump.


St1 as a Corporate Citizen

St1 Nordic’s Corporate Responsibility

A responsible company must ambitiously take in the big picture at all times. We must keep abreast of what’s going on in the world and understand what clients will need in the future. We base our growing energy business in Nordic society values. As a Nordic corporate citizen, we believe in transparency, fairness, responsibility, equal opportunities and social security - resulting in equal education and health care.

St1’s vision is to be the leading producer and seller of CO₂-aware energy. While fossil fuels are still our main source of income, it allows us to build world-class expertise in introducing more and more renewable energy to the market

The key enablers of our solid performance are our world-class people, partners, business technology, financing services, and cash flow together with our return on equity. Our financial performance enables new sustainable investments in renewable energy. Passion for replacing fossil fuels also powers our research and development of new, sustainable and innovative CO₂-aware energy solutions. Our customers benefit from the competitive edge we gain by managing the complete value chain from raw materials and energy sources to service at the pump.

Based on such an understanding and on demand, we are solving global energy challenges by taking steps in a direction where we move ourselves from a fossil world into a renewable world. We try to ensure that everything we do in our whole value chain is based on world-conquering mentality and passion.

2019 Investments Personnel costs  Excise and property taxes  Income taxes
Finland 33.4 MEUR 27.2 MEUR 692.6 MEUR 3.2 MEUR
Sweden 86.5 MEUR 34.5 MEUR 821.2 MEUR 20.3 MEUR
Norway 16.2 MEUR 17.2 MEUR 465.0 MEUR 8.0 MEUR

Key Figures / St1 Nordic Group

St1 Nordic Group 2019 2018 2017 2016 2015 2014
Net sales, MEUR 6588.3 6885.2 5093.5 4390.4 3602.4 2720.8
Operating profit/loss, MEUR  150.1 63.1 176.6 150.5 86.7 45.3
Operating profit, % of net sales 2.3 0.9 3.5 3.4 2.4 1.7
Profit for the period, MEUR 119.1 55.3 372.8 112.7 72.4 38.2
Return on equity, % 14.3 7.0 23.4 *) 30.9 28.0 24.0

*) Calculated excluding the merger profit on the profit and loss statement


St1 Integrated report 2019

Download 2019 Integrated Report

This is the third integrated corporate sustainability report by St1 Nordic and it is published to recount our most material disclosure topics in corporate sustainability as well as our business activities.

St1 Nordic Group reports

St1 Integrated Report 2019

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St1 Nordic Financial Statements 2019

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St1 Nordic Oy Financial Statements Release, 31 March 2020

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St1 Nordic tilinpäätös 2019

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St1 Nordic Oy tilinpäätöstiedote 31.03.2020

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St1 Nordic Oy Interim Report 06/2019

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St1 Nordic Oy Company release Interim report 30 Aug 2019

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St1 Nordic Oy välitilinpäätös 06/2019

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St1 Nordic Oy välitilinpäätöstiedote 30.08.2019

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St1 Integrated Report 2018

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St1 Nordic Tilinpäätös 2018

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Key Figures / St1 Group

Market Positions

St1 has strong market positions in all countries we operate in.

At the end of 2019, our retail station network consisted of some 1300 sites. In Finland there were 218 Shell-branded and 258 St1-branded stations in operation, and in Sweden 207 Shell stations and 281 St1 stations. In Norway there was a total of 310 Shell stations.

Market Shares 2019 (%) Finland Sweden Norway
Petrol 22.9 20.4 17.9
Diesel 18.8 15.2 17.6
Light Fuel Oil 20.2 27.5  
Marine Gas Oil     29.8

St1 Nordic Corporation - Investor Relations

Commercial paper programme

St1 Nordic has launched a EUR 200 million commercial paper program. Funds will be used for short-term working capital purposes. Danske Bank, Nordea and Swedbank act as dealers of the programme.


31 March 2020 - Financial Statements Release for the year 2019

30 April 2020 - Publication of the Integrated Report 2019


If you have any questions regarding the business or investor relations activities of St1 Nordic Corporation, please do not hesitate to contact us.

St1 Nordic Oy
P.O. Box 100, Purotie 1
FI-00381 Helsinki, Finland

Kati Ylä-Autio, CFO,, +358 10557 5263
Liisa Joenpolvi, Communications Manager,, +358 10557 2419


Articles of Association

Unofficial translation

1 § The name of the company is St1 Nordic Oy; in Swedish, St1 Nordic AB; and in English, St1 Nordic Corporation.

2 § The company domicile is Helsinki.

3 § The sphere of operations of the company is trade, storage and manufacturing of fuels, owning of shares and holdings in companies in the energy sector or engaged in operations supporting or serving same, as well as providing and selling professional, finance, marketing and administrative services. The company may own shares or holdings in companies or entities, real estate, machinery and equipment and to buy, sell or lease the same, and sell, govern and rent patent, product and other immaterial rights.

4 § The company shall have a Board of Directors with one (1) to five (5) regular members, and at least one (1) deputy member if fewer than three (3) regular members are elected. Members of the Board of Directors are elected for an indefinite term of office.

5 § The Board of Directors collectively, the chairman of the Board of Directors and the CEO both severally, and members of the Board of Directors two together, shall sign for the company. The Board of Directors may also assign a procuration or authorisation to sign for the company to specific individuals.

6 § The company shall have one regular auditor and one deputy auditor. If an audit firm is elected as auditor, a deputy auditor need not be elected.

7 § Notice of a General Meeting shall be delivered no earlier than two months and no later than one week prior to the General Meeting to each shareholder whose address is known to the company. The notice may also be sent by email to the address informed to the company by the shareholder.

8 § The Annual General Meeting shall be held each year within six (6) months of the end of the previous financial year, on a date determined by the Board of Directors.



At the Annual General Meeting, the following shall be decided:

    1. adopting the financial statements,
    2. disposing of the profit shown on the balance sheet,
    3. discharging from liability the members of the Board of Directors and the CEO,
    4. if necessary, electing the Board of Directors and the auditor.

9 § If a company share is transferred to a third party from a shareholder other than the company itself, the company shall be entitled to redeem such a share. The provisions of the Limited Liability Companies Act shall apply to the redemption.

Code of Business Conduct

The professional competence of the management personnel of St1 is the company's greatest asset. Expertise and commitment will ensure the company's competitiveness and ensure its prosperity in the long term. The company management and personnel are responsible for developing adopting and implementing plans and functions to attain the company's goals. Attaining goals is important, but so are the means for attaining them. The company management and personnel are expected to comply with the highest principles of business ethics.

St1 Nordic Oy Management

Henrikki Talvitie


Mika Wiljanen

Director, Sales
CEO St1 Oy, St1 Finance Oy

Hilde Wahl

Director, Brands
CEO St1 Sverige AB

Kati Ylä-Autio


Timo Huhtisaari

Director, Sustainability & Future Business

Timo Jokinen

Director, Supply & Logistics

Bo-Erik Svensson

CEO St1 Refinery AB

Kristine Vergli Grant-Carlsen

CEO St1 Norge AS

Miika Johansson

Director, Renewable Energy

Board of Directors

Mika Anttonen

Chairman of the Board of Directors
St1 Nordic Oy

Mikko Koskimies

Managing Director
eQ Varainhoito Oy

Kim Wiio

Managing Director
Mininvest Oy

Sampsa Halinen


Kati Ihamäki

Vice President, Brand and Corporate Responsibility
OP Financial Group