Market: Helsinki
ISIN: FI4000440664
Industry: Industrial Goods & Services

Reinventing reliability. Neles is a leading best-in-class valve and valve automation company.

As a result of the demerger of Metso Corporation, Metso was renamed as Neles, which is a globally recognized valve and valve automation company and brand with highly attractive market positions.

Neles continues to be listed on Nasdaq Helsinki with the trading symbol ‘NELES’.

Neles targets to create value for its shareholders as an independent entity through its:

  • Leading position as a flow control solution provider with market leadership across pulp & paper valves and downstream oil & gas valves
  • Continued growth in existing and new industries – both organically and through selected acquisitions  
  • Focus on R&D and sustainability development
  • Continued outperformance in market growth with strong profitability while investing in growth
  • Proven track record and resilient business through economic cycles
  • Diversified sales mix by region, customer and industry
  • Focused, dedicated and experienced management to leverage further growth opportunities
  • Solid balance sheet and financial position
Major Shareholders (30-09-2020)

Shares

% of Total
Valmet Oyj 44,415,207 29.54
Cevian Capital Partners Ltd 16,351,141 10.88
Ilmarinen Mutual Pension Insurance Company 4,091,010 2.72
Varma Mutual Pension Insurance Company 2,138,465 1.42
Elo Mutual Pension Insurance Company 2,091,735 1.39
Total 5 shares 69,087,558 45.95
Total 150,348,256 100
Key Figures (EUR million) 2019 2018 Change %
Orders received 3,690 3,499 5
Orders received by the services business 2,061 1,913 8
% of orders received 56 55  
Order backlog 1,688 1,686 0
Sales 3,635 3,173 15
Sales of the services business 1,967 1,773 11
% of sales 54 56  
Adjusted EBITA* 474 369 28
% of sales 13.0 11.6  
Operating profit 418 351 19
% of sales 11.5 11.1  
Earnings per share, EUR 1.94 1.53 27
Free cash flow 39 146 -68
Return on capital employed (ROCE) before taxes, % 18.7 16.9  
Equity-to-assets ratio, % 42.1 47.7  
Net gearing, % 52.7 11.7  
Personnel at the end of the year 15,821 13,150 20

* Adjustment items amounted to EUR 15 million in Q4/2019 and EUR 36 million in 2019, while comparative periods for 2018 do not include any adjustment items.

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