“Neste Latvija’s Net Turnover Rises by 47% in 2022 Due to Record High Oil Prices”

The net turnover of fuel trader SIA “Neste Latvija” in 2022 was 566.85 million euros, which is 47% more than a year earlier and which can be explained by record high prices of oil products during 2022. Profit after tax was 15.35 million euros last year, maintaining the company’s profitability at the level of 3%.

On the other hand, the company’s investments in Latvia last year were 1.8 million, according to the information provided by the company.

“Neste Latvija” credited 202 million euros to the state budget last year. In 2022, the company has maintained its position as the leading fuel dealer in Latvia.

In 2022, “Neste Latvija” continued business in all areas of activity, developing the infrastructure and expanding the network of automatic gas stations, which currently includes 76 gas stations throughout the country and 5 quick and smart service stores “Easy Deli”. Last year, one new gas station was opened in Jelgava, which is the third “Neste” DUS in Jelgava city. Last year, the company actively continued the installation of windshield washer fluid dispensers.

The company considers the introduction of the “Neste” mobile application, which rapidly increased the number of users, to be the most significant event of the past year.

SIA “Neste Latvija” is a subsidiary of “Neste” corporation, which has been working in Latvia for 32 years.