St1 Nordic Oy is a privately owned Nordic energy group whose vision is to be the leading producer and seller of CO2-aware energy. The Group researches and develops economically viable, environmentally sustainable energy solutions. 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 1400 St1 and Shell branded retail stations in Finland, Sweden and Norway. Headquartered in Helsinki, St1 employs currently more than 700 people in Finland, Sweden and Norway.

Company structure

Company structure as of January 2018

Company structure

More than 600,000 customer visits every day

Key Figures / St1 Nordic Oy

St1 Nordic Oy Consolidated20142015201620172017 Pro forma (a
Turnover, M€2 720,83 602,44 390,45 099,86 540,7
Finland58 %38 %30 %28 %22 %
Sweden37 %48 %35 %38 %52 %
Norway5 %14 %35 %34 %26 %
Operating profit, M€45,386,7150,5176,6263,1
Profit before taxes, M€47,390,4145,2173,7 (b 259,7
Net profit, M€38,272,4112,7141,1 (b209,1
Equity, M€195,8320,8408,8800,1
Balance Sheet Total, M€701,11 213,01312,91 883,3

a) Pro forma includes St1 Group income statement figures. Compilation of pro forma income statement figures is described in the notes to the financial statements
b) Excluding merger profit

St1 Nordic Corporation - Investor Relations

Outstanding bonds

St1 Nordic Corporation, a privately owned company, has issued a senior unsecured EUR 100 million bond. St1 Nordic Corporation´s first bond has been listed on 9th June 2014 on the First North Bond Market Finland operated by NASDAQ OMX Helsinki Oy.

Commercial paper program

St1 Nordic has launched a EUR 150 million commercial paper program. Funds will be used for short-term working capital purposes. Danske Bank and Nordea act as dealers of the program.

  • St1 Nordic Corporation Company Description
  • Financial calendar
    3 April 2018Financial Statements Release for the year 2017
    30 April 2018Publication of the Annual Report 2017
  • IR Contact

    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
    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 to own shares and holdings in companies in the energy sector or engaged in operations supporting or serving same. The company may buy, sell and administer real estate and securities. The sphere of operations of the company further includes the providing and selling of administrative services.
    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 Authorised Public Accountant firm is elected as auditor, a deputy auditor need not be elected. Auditors are elected for an indefinite term of office.
    7. A summons to a meeting of shareholders shall be sent no earlier than two (2) months before and no later than one (1) week before the meeting in writing to each shareholder whose address is known to the company.
    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, any shareholder and the company shall be entitled to redeem such a share.

      Primary right of redemption shall rest with shareholders. If more than one shareholder wish to exercise their right of redemption, the shares transferred shall be divided among such shareholders in proportion to their current holdings. If it is not possible to divide the shares evenly, any shares left over shall be distributed among such shareholders by the drawing of lots. The company shall have the right of redemption if no shareholders wish to redeem the transferred shares.

      In all other respects, the provisions of the Limited Liability Companies Act shall apply to the redemption of shares.

  • News releases

Key Figures / St1 Group Oy

2013 - 2016
St1 Group Oy Consolidated2013 Pro forma (*201420152016
Turnover, M€4 136,24406,82 245,21 967,7
Finland0 %0 %0 %0 %
Sweden100 %100 %100 %100 %
Norway0 %0 %0 %0 %
Operating Profit, M€76,785,193,1117,6
Profit Before Taxes, M€58,474,989,8116,5
Net Profit, M€47,064,172,590,5
Equity, M€60,0120,3138,1222,4
Balance Sheet Total, M€901,9609,7632,7437,1

*) Compilation of pro forma income statement figures is described in the notes to the financial statements

St1 as a Corporate Citizen

2017, million EUR
InvestmentsPersonnel costsExcise and property taxesIncome taxes

Market positions

Light Fuel Oil23.2%22.4%-
Marine Gas Oil- -23.9%


St1 Nordic Management

Kim Wiio
St1 Nordic Oy
Mika Wiljanen
Managing Director
St1 Oy, St1 Norge AS
Hilde Wahl
Managing Director
St1 Sverige AB
Jari Suominen
Director, Renewable Energy
Bo-Erik Svensson
Managing Director
St1 Supply AB
St1 Refinery AB
Mika Aho
Director, Public Affairs and
Governmental Relations
Anu Rautanen
Director, Accounting

Marko Korhonen
Kati Ylä-Autio

Board of Directors

Mika Anttonen
Chairman of the Board of Directors
Mikko Koskimies
Managing Director
eQ Varainhoito Oy
Juha Kokko
Managing Director
Finnish Oil Recycling Ltd
Mika Jokinen
Production Manager
St1 Renewable Energy Oy