OverviewSuggest Edit

Neste is a company creating sustainable solutions for transport, aviation, polymers, and chemicals sectors. It is engaged in the production of renewable diesel and renewable jet fuel refined from waste and residues. The company also provides the raw material for plastics that is made out of renewable and recycled materials.

TypePublic
Founded1948
HQEspoo, FI
Websiteneste.com

Latest Updates

Employees (est.) (Dec 2020)4,833(-11%)
Job Openings52
Revenue (FY, 2020)€11.8 B(-25%)
Share Price (Jun 2021)€52(-1%)
Cybersecurity ratingCMore

Key People/Management at Neste

Peter Vanacker

Peter Vanacker

President and CEO, Chair of the Executive Committee
Mercedes Alonso

Mercedes Alonso

Executive Vice President, Renewable Polymers and Chemicals
Panu Kopra

Panu Kopra

Executive Vice President, Marketing & Services
Thorsten Lange

Thorsten Lange

Executive Vice President, Renewable Aviation
Matti Lehmus

Matti Lehmus

Executive Vice President, Renewables Platform
Carl Nyberg

Carl Nyberg

Executive Vice President, Renewable Road Transportation
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Neste Office Locations

Neste has offices in Espoo, Houston, Melbourne, Beringen and in 10 other locations
Espoo, FI (HQ)
Keilaranta 21
Melbourne, AU
140 William Street, L40/140 William St
Beringen, BE
Industrieweg 154
Bruxelles, BE
Rue Belliard 40
Shanghai, CN
Room 604 - 605, Tower 1, Jing’an Kerry Center
Tallinn, EE
Sõpruse pst. 155
Show all (14)

Neste Financials and Metrics

Neste Revenue

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View revenue for all periods
Neste's revenue was reported to be €11.75 b in FY, 2020 which is a 25.8% decrease from the previous period.
EUR

Revenue (Q1, 2021)

3.1b

Gross profit (Q1, 2021)

756.0m

Gross profit margin (Q1, 2021), %

24.1%

Net income (Q1, 2021)

374.0m

EBIT (Q1, 2021)

458.0m

Market capitalization (18-Jun-2021)

39.9b

Closing stock price (18-Jun-2021)

52.0

Cash (31-Mar-2021)

1.4b

EV

40.5b
Neste's current market capitalization is €39.9 b.
Annual
EURFY, 2018FY, 2019FY, 2020

Revenue

14.9b15.8b11.8b

Revenue growth, %

6%(26%)

Cost of goods sold

12.5b12.2b9.3b

Gross profit

2.5b3.6b2.5b
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

3.8b4.1b4.0b3.3b2.6b2.9b3.1b

Cost of goods sold

3.1b3.4b3.2b2.7b2.0b2.1b2.4b

Gross profit

715.0m703.0m802.0m545.0m558.0m752.0m756.0m

Gross profit Margin, %

19%17%20%17%22%26%24%
Annual
EURFY, 2018FY, 2019FY, 2020

Cash

1.1b1.5b1.6b

Accounts Receivable

972.0m1.7b952.0m

Prepaid Expenses

9.0m1.0m2.0m

Inventories

1.5b1.7b1.8b
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.1b927.0m836.0m1.3b650.0m944.0m1.4b

Inventories

1.6b1.6b1.8b1.6b1.8b1.9b2.3b

Current Assets

4.3b4.2b4.5b5.3b4.3b4.6b5.3b

PP&E

3.9b3.9b4.0b4.3b4.4b4.5b4.7b
Annual
EURFY, 2018FY, 2019FY, 2020

Net Income

779.0m1.8b714.0m

Depreciation and Amortization

614.0m502.0m680.0m

Inventories

83.0m(197.0m)(176.0m)

Accounts Payable

60.0m204.0m(99.0m)
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

294.0m587.0m856.0m201.0m362.0m709.0m374.0m

Cash From Operating Activities

100.0m403.0m461.0m193.0m254.0m751.0m(153.0m)

Capital Expenditures

(70.0m)(189.0m)(345.0m)(198.0m)(371.0m)(566.0m)(163.0m)

Cash From Investing Activities

(92.0m)(263.0m)(250.0m)(313.0m)(620.0m)(801.0m)(492.0m)
EURFY, 2018

Revenue/Employee

2.7m

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.8 x
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Neste Operating Metrics

FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020FY, 2020Q1, 2021

Renewable Products Sales Volume, tonnes

2.1 m2.27 m531 k485 k544 k662 k2.22 m543 k674 k637 k713 k2.57 m550 k589 k547 k575 k2.26 m692 k745 k716 k693 k2.85 m731 k773 k730 k732 k2.97 m743 k

Refined Products, barrels

103.2 m92.6 m25.6 m28.2 m26.8 m25 m105.6 m27.2 m27.1 m27.3 m26.8 m108.4 m28.5 m26.4 m28 m25.9 m108.8 m26.9 m27.5 m26.9 m27.9 m109.2 m29.7 m23 m26.7 m23.8 m103.3 m22.8 m
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Neste Acquisitions / Subsidiaries

Company NameDateDeal Size
Mahoney EnvironmentalMarch 10, 2020
Fryer Oil Equipment LLC
Kiinteistö Oy Espoon Keilaranta 21
Mahoney Environmental LLC
Mahoney Environmental Solutions, LLC
Mahoney Transportation Services LLC
Mendota Agri-Products, LLC
Navidom Oy
Neste AB
Neste Affiliate B.V.
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Neste Revenue Breakdown

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Neste revenue breakdown by business segment: 26.3% from Marketing & Services, 50.5% from Oil Products and 23.1% from Renewable Products

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Neste Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

Neste Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Neste Online and Social Media Presence

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Neste News and Updates

How Biofuels Giant Neste Transforms America’s French Fry Grease Into Clean Diesel

“We always thought of it as owning a lot of oil wells, sprinkled around the country.”

Global Renewable Diesel (Capacity and Demand) Market Insights & Forecast Report 2020-2024 Featuring Total S.A., Valero Energy, Eni, Neste, HollyFrontier and Renewable Energy Group

Dublin, April 09, 2021 (GLOBE NEWSWIRE) -- The "Global Renewable Diesel Market (by Capacity and Demand): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.

Neste to Publish Its 2020 Results on 5 February 2021

Neste will publish its fourth quarter and full year 2020 results on Friday, 5 February 2021 at approximately 9 a.m. (EET). The release will be available on the Neste website immediately after publishing

Proposals of the Shareholders’ Nomination Board to Neste’s Annual General Meeting

The Shareholders' Nomination Board, established by Neste Corporation's Annual General Meeting (AGM) on 4 April 2013, proposes to the AGM to be held on 30 March 2021 that Mr. Matti Kähkönen shall be re-elected as the Chair of the Board of Directors. In addition, the current members of the Board, Ms. …

2021 Global 100: Neste Ranked as the World’s 4th Most Sustainable Company

Neste has placed 4th on the Corporate Knights’ Global 100 list of the world’s most sustainable companies. This marks the company’s 15th consecutive inclusion on the Global 100 list. Neste has been included on the list continuously for longer than any other energy company in the world

Investigations Have Not Found Evidence to Support Milieudefensie Report Allegations on Serious Sustainability Violations Within Neste's Raw Material Supply Chain

So far, investigations have not found evidence to support the allegations that our raw material suppliers had caused deforestation equaling the area of Paris or committed other serious sustainability violations. We continue to investigate and monitor the progress of the investigations closely with o…
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Neste Blogs

Lost in friction – how drop-in solutions could be a breakthrough in establishing more sustainable lubrication

Language English Related Content Base oils Base oils No more room for friction in our sustainability efforts Read more Base oils Base oils Base oils Gues…

CEO Talks: Driving the change towards a circular bioeconomy – three theses

Language English Related Content References References “As we move away from fossil fuels, partnering with Neste allows us to close the loop.”  Read more Circular economy …

NEXBASE™ podcast: How OEM lubricant specifications bring value to all stakeholders – General Motors’ perspective

Language English Base oils Base oils Base oils Guest blog: Our sustainable approach to the future of oil refining Read more Base oils Base oils Neste is comm…

CEO Talks: Resilient Renewable Products business – challenging market in Oil Products continued in Q1/2021

Language English Related Content Investors Investors Neste has published its Annual Report 2020 Read more Investors Investors Invitation to the Annual Genera…

Accelerating circularity: do we have the necessary conditions for driving transformation?

Language English Related Content References References “As we move away from fossil fuels, partnering with Neste allows us to close the loop.”  Read more Circular economy …

What can the base oils industry expect after a turbulent year?

Language English Related Content Base oils Base oils Why every drop can make a difference Read more Base oils Base oils Base oils Guest blog: Our sustain…
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Neste Frequently Asked Questions

  • When was Neste founded?

    Neste was founded in 1948.

  • Who are Neste key executives?

    Neste's key executives are Peter Vanacker, Mercedes Alonso and Panu Kopra.

  • How many employees does Neste have?

    Neste has 4,833 employees.

  • What is Neste revenue?

    Latest Neste annual revenue is €11.8 b.

  • What is Neste revenue per employee?

    Latest Neste revenue per employee is €2.4 m.

  • Who are Neste competitors?

    Competitors of Neste include Renewable Energy Group, Saras and Caltex Australia.

  • Where is Neste headquarters?

    Neste headquarters is located at Keilaranta 21, Espoo.

  • Where are Neste offices?

    Neste has offices in Espoo, Houston, Melbourne, Beringen and in 10 other locations.

  • How many offices does Neste have?

    Neste has 14 offices.