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2015-04-01

St1 Nordic Oy: St1 Nordic Oy, Financial Statements Release 2014

St1 Nordic Corporation, COMPANY RELEASE, 1 APRIL 2015 AT 2.30 PM EET

ST1 NORDIC OY, FINANCIAL STATEMENTS RELEASE 2014

Key figures for the group

----------------------------------------------------------------------
| 2014 2014 2013 |
| pro forma |
| Net sales, MEUR 3,847.6 2,720.8 1,678.0 |
| Operating profit/loss, MEUR 72.6 45.3 32.9 |
| Operating profit, % of net sales 1.9 1.7 2.0 |
| Result for the financial period, MEUR 57.0 38.2 25.8 |
| Cash flow from operating activities 80.2 56.1 |
| Return on equity, % 24.0 23.1 |
| Equity ratio 28.3 25.0 |
----------------------------------------------------------------------
In 2014, the group's revenue was EUR 2,720.8 million; an increase of EUR
1,043.2 million on the previous year. 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 on 31 December 2013. Of the total revenue, 58 % was
generated in Finland, 37 % in Sweden and 5 % in Norway. The group's operating
profit increased to EUR 45.3 million from EUR 32.9 million in the previous
year.

In 2014, St1 continued reorganisation 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 reorganisation 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.

Kim Wiio, CEO of St1 Nordic Oy:
St1 Nordic's operations and financial performance continued to develop
positively in 2014. Our position as a Nordic energy company and fuel retailer
strengthened and will strengthen even further, in particular, thanks to the
acquisition of Shell's Norwegian marketing company at the end of the year.
The acquisition is subject to regulatory approval and is expected to be
closed during the latter half of 2015.

The markets in our operating sector remained steady, and our operating
environment was stable. The general economy and the surprising fall in the
world market price of crude oil have not affected our financial result
significantly.

As we can start 2015 on a solid basis, we aim to achieve as high a profit as
in 2014, with the exception of any non-recurring items relating to the
integration of the Norwegian operations. We will continue optimising our
cost-effectiveness and increasing average sales at each service station
across our network. The investment programme of TuuliWatti is proceeding as
planned, and construction of the first ethanol plant using sawdust as raw
material to be delivered by St1 Biofuels will start in Kajaani. The
acquisition of Shell's Norwegian marketing company will be completed, and its
operations will be integrated into the St1 operating model.

In the long term, our goal is that an increasing proportion of the use of
imported fossil fuels will be replaced by domestic and cleaner fuels. The
role of biofuels in our operation will keep growing, and our investments in
wind power will continue in accordance with TuuliWatti's investment
programme.

Financial statements report attached in PDF format.

St1 Nordic Oy will publish its Annual Report 2014 on 30 April 2015.

Further information:

Kati Ylä-Autio, CFO, +358 10 557 5263
Kim Wiio, CEO, +358 10 557 4701

St1 Nordic Oy financial statements report 2014
http://hugin.info/161210/R/1908186/679973.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: St1 Nordic Oy via Globenewswire

HUG#1908186

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