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:
|Major Shareholders (28-02-2021)||
|% of Total|
|Alfa Laval Ab (publ)||12,723,923||8.46|
|Ilmarinen Mutual Pension Insurance Company||4,091,010||2.72|
|Elo Mutual Pension Insurance Company||2,091,735||1.39|
|Total 5 shares||65,085,152||43.28|
|Key Figures (EUR million)||2019||2020||Change %|
|Orders received 1||681||590||-13|
|Order backlog at end of period||280||270||-4|
|Service sales 2||152||129||-15|
|% of sales||23||22|
|Adjusted EBITA, continuing operations||97||85||-12|
|% of sales||14.7||14.8|
|Adjustment items 3||-||11|
|% of sales||14.0||12.2|
|Earnings per share, continuing operations, EUR||0.46||0.32||-30|
|Free cash flow||34||69||103|
|Return on capital employed (ROCE) before taxes, %||-||15.6|
|Equity to assets ratio, %||-||42.6|
|Personnel at the end of the year||-||2,840||-|
1 Orders received in comparable currencies declined by 9% in 1–12/2020, and 6% in 10–12/2020. Sales in comparable currencies declined by 9% in 1–12/2020,and increased by 1% in 10–12/2020.
2 Services sales include the sales volume from the Services business
3 Adjustment items amounted to EUR 11.3 million in 1–12/2020 and EUR 3.3 million in 10–12/2020. No adjustment items were included in 10–12/2019 and full-year 2019. The adjustments were attributable to advisory, brand, IT and other costs related to the creation and rebranding of Neles, establishing a new operating structure and developments around Neles’ shareholding.
* Incl. Mining & Metals, Power, Water treatment, Food & Bev