Neste
- Revenue€15.1 BFY, 2021
- Market Capitalization€34.4 B2022-06-22
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.
| Type | Public | |
| Founded | 1948 | |
| HQ | Espoo, FI | Map |
| Website | neste.com | |
| Employee Ratings |
Key People/Management at Neste
Peter Vanacker
President and CEO, Chair of the Executive Committee
Mercedes Alonso
Executive Vice President, Renewable Polymers and Chemicals
Panu Kopra
Executive Vice President, Marketing & Services
Thorsten Lange
Executive Vice President, Renewable Aviation
Matti Lehmus
Executive Vice President, Renewables Platform
Carl Nyberg
Executive Vice President, Renewable Road Transportation
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
Neste Financials and Metrics
Neste Revenue
Neste's revenue was reported to be €15.15 b in FY, 2021
| EUR | |
|---|---|
Revenue (Q1, 2022) | 5.5b |
Gross profit (Q1, 2022) | 1.1b |
Net income (Q1, 2022) | 640.0m |
EBITDA (Q1, 2022) | 916.0m |
EBIT (Q1, 2022) | 763.0m |
Market capitalization (22-Jun-2022) | 34.4b |
Closing stock price (22-Jun-2022) | 44.8 |
Cash (31-Mar-2022) | 806.0m |
EV | 35.5b |
Neste's current market capitalization is €34.4 b.
Annual
| EUR | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Revenue | 14.9b | 15.8b | 11.8b | 15.1b |
Cost of goods sold | (12.5b) | (12.2b) | (9.3b) | (11.8b) |
Gross profit | 2.5b | 3.6b | 2.5b | 3.4b |
R&D expense | (48.0m) | (54.0m) | (61.0m) | (67.0m) |
Quarterly
| EUR | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 3.8b | 4.1b | 4.0b | 3.3b | 2.6b | 2.9b | 3.1b | 3.0b | 4.0b | 5.5b |
Cost of goods sold | (3.1b) | (3.4b) | (3.2b) | (2.7b) | (2.0b) | (2.1b) | (103.0m) | (2.2b) | (3.1b) | (4.4b) |
Gross profit | 720.0m | 707.0m | 815.0m | 548.0m | 563.0m | 756.0m | 3.0b | 817.0m | 911.0m | 1.1b |
Annual
| EUR | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Cash | 1.1b | 1.5b | 1.6b | 1.6b |
Accounts Receivable | 972.0m | 1.7b | 952.0m | 1.4b |
Prepaid Expenses | 9.0m | 1.0m | 2.0m | 1.0m |
Inventories | 1.5b | 1.7b | 1.8b | 2.6b |
Quarterly
| EUR | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.1b | 927.0m | 836.0m | 1.3b | 650.0m | 944.0m | 1.4b | 1.3b | 1.5b | 806.0m |
Accounts Receivable | 1.3b | 1.4b | 1.7b | 1.8b | 1.6b | 1.6b | 1.5b | 1.5b | 1.5b | 2.1b |
Inventories | 1.6b | 1.6b | 1.8b | 1.6b | 1.8b | 1.9b | 2.3b | 2.4b | 2.6b | 3.8b |
Annual
| EUR | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Net Income | 947.0m | 2.1b | 786.0m | 2.0b |
Depreciation and Amortization | 614.0m | 502.0m | 680.0m | 584.0m |
Inventories | 87.0m | (197.0m) | (176.0m) | (795.0m) |
Accounts Payable | 60.0m | 204.0m | (99.0m) | 834.0m |
Quarterly
| EUR | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 348.0m | 694.0m | 1.4b | 203.0m | 400.0m | 1.0b | 415.0m | 880.0m | 1.9b | 736.0m |
| EUR | FY, 2018 |
|---|---|
Revenue/Employee | 2.7m |
Neste Operating Metrics
| FY, 2014 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q4, 2020 | FY, 2020 | Q1, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Renewable Products Sales Volume, tonnes | 2.1 m | 2.27 m | 531 k | 485 k | 544 k | 662 k | 2.22 m | 543 k | 674 k | 637 k | 713 k | 2.57 m | 550 k | 589 k | 547 k | 575 k | 2.26 m | 692 k | 745 k | 716 k | 693 k | 2.85 m | 731 k | 773 k | 730 k | 732 k | 2.97 m | 743 k |
Refined Products, barrels | 103.2 m | 92.6 m | 25.6 m | 28.2 m | 26.8 m | 25 m | 105.6 m | 27.2 m | 27.1 m | 27.3 m | 26.8 m | 108.4 m | 28.5 m | 26.4 m | 28 m | 25.9 m | 108.8 m | 26.9 m | 27.5 m | 26.9 m | 27.9 m | 109.2 m | 29.7 m | 23 m | 26.7 m | 23.8 m | 103.3 m | 22.8 m |
Neste Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Mahoney Environmental | March 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. |
Neste Revenue Breakdown
Neste revenue breakdown by business segment: 45.1% from OIL PRODUCTS, 29.9% from MARKETING & SERVICES, 44.8% from RENEWABLE PRODUCTS and -19.8% from Other
Neste revenue breakdown by geographic segment: 32.2% from FINLAND, 17.2% from OTHER NORDIC COUNTRIES, 7.6% from BALTIC RIM, 20.6% from OTHER EUROPEAN COUNTRIES, 21.3% from NORTH & SOUTH AMERICA and 1.1% from Other
Neste Cybersecurity Score
Neste Environment, Social & Governance (ESG) Ratings
Neste Online and Social Media Presence
21.7k Twitter followers
Neste has 21.7k Twitter Followers. The number of followers has increased 0.4% month over month and increased 1.4% quarter over quarter
Neste's Trends
Twitter Engagement Stats for @NesteGlobal
10.9k
Tweets
5.7k
Following
21.7k
Followers
49
Tweets last 30 days
4.6
Avg. likes per Tweet
71.4%
Tweets with engagement
Neste News and Updates
April 27, 2022
Tripleseat's Brian Neste Wins APPEALIE Customer Success Leader Award
Brian Neste, Sr. VP of Customer Experience for Tripleseat, recognized as a top customer success executive for SaaS businesses CONCORD, Mass., April 27, 2022 /PRNewswire/ -- Tripleseat, the leading web-based sales and event management platform for restaurants, hotels, and unique venues,...
January 27, 2022
DEAC and Neste to cooperate on sustainable data storage solutions
HELSINKI and RIGA, Latvia, Jan. 27, 2022 /PRNewswire/ -- DEAC and Neste join forces to cooperate on sustainable data storage solutions. DEAC is one of the largest independent data centers in Northern Europe, which has been acquiring renewable electricity starting from 2021. Cooperation...
September 01, 2021
Statkraft signs 10-year wind power agreement with Neste in Finland
(Oslo, Norway/Espoo Finland, 1 September 2021) – Statkraft, Europe's largest producer and marketer of renewable energy, and Neste have signed a 10-year power purchase agreement enabling the Finnish company to reduce greenhouse gas emissions with power from a Finnish wind farm under construction.
July 06, 2021
Neste MY Renewable Diesel Receives Industry's First TOP TIER Certification
HELSINKI, Finland, July 6, 2021 /PRNewswire/ -- Neste Corporation, News, 6 July 2021 at 10.05 a.m. (ET) / 5.05 p.m. (EET) Neste MY Renewable Diesel™ is the first renewable diesel brand to receive TOP TIER™ Diesel Fuel certification for its high quality and powerful performance. The...
April 22, 2021
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.”
April 09, 2021
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 Blogs
March 09, 2022
Neste honored among Fast Company’s 2022 list of World’s 50 Most Innovative Companies
Neste Corporation, News, 9.3.2022
Language
English
Related Content
Circular economy
Circular economy
Neste and Hesburger to launch a significant circularity collaboration – used cooking oil collected fro…
November 11, 2021
Innovation and R&D are at the core of combating climate change
Language
English
Related Content
Innovation
Innovation
Neste strengthens global innovation and R&D by opening an R&D center in Singapore
Read more
Aviation
…
October 06, 2021
Sustainable Transformation of Polymer and Chemical Industry in South Korea is an Irresistible Force
Language
English
Related Content
Plastics
Plastics
Neste, Mitsui Chemicals and Toyota Tsusho collaborate to start Japan's first production of renewable plastics from 100% bio-based hydrocarbons
Read more
…
August 04, 2021
NEXBASE podcast: Neste introduces NEXBASE 4+ base oil made with renewable raw materials
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…
July 06, 2021
Neste MY Renewable Diesel Receives Industry’s First TOP TIER Certification
Language
English
Related Content
Aviation
Aviation
Bringing sustainable air travel to the Lone Star State.
Read more
Renewable solutions
…
June 08, 2021
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…
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 4,719 employees.
What is Neste revenue?
Latest Neste annual revenue is €15.1 b.
What is Neste revenue per employee?
Latest Neste revenue per employee is €3.2 m.
Who are Neste competitors?
Competitors of Neste include Ecolab, Renewable Energy Group and Saras.
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.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies