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 (28-02-2022)

Shares

% of Total
Valmet Oyj 44,415,207 29.54
Oras Invest Oy 6,966,538 4.63
Ilmarinen Mutual Pension Insurance Company 4,499,733 2.99
Elo Mutual Pension Insurance Company 2,096,735 1.39
OP Funds 1,778,042 1.18
Total 5 shares 59,756,255 39.73
Total 150,348,256 100
Key Figures (EUR million) 2020 2021 Change %
Orders received 1 590 625 6
Order backlog at end of period 270 294 9
Sales 2 576 611 6
Service sales 3 129 N/A  
% of sales 22 N/A  
Adjusted EBITA, continuing operations 85 87 2
% of sales 14.8 14.2  
Adjustment items 4 11 7  
Operating profit 70 76 8
% of sales 12.2 12.4  
Earnings per share, continuing operations, EUR 0.32 0.38 17
Free cash flow 69 78 13
Return on capital employed (ROCE) before taxes, % 15.6 15.4  
Equity to assets ratio, % 42.6 45.2  
Gearing, % 30.9 26.8  
Personnel at the end of the year 2,840 2,934  

1 Of which EUR 120.6 (88.3) million in 10–12/21 and EUR 442.0 (357.8) million in 1–12/21 were for the Services and MRO-driven businesses including EUR 35.9 (35.0) million in 10–12/21 and EUR 153.5 (133.5) million in 1–12/21 for Services orders received. Orders received in comparable currencies increased by 20% in 10–12/21 and by 7% in 1–12/21.

2 Of which EUR 112.0 (96.7) million in 10–12/21 and EUR 403.8 (368.7) million in 1–12/21 were for the Services and MRO-driven businesses including EUR 38.5 (35.4) million in 10–12/21 and EUR 148.1 (128.6) million in 1–12/21 for Services sales. Sales in comparable currencies increased by 8% in 10–12/21 and by 7% in 1–12/21.

3 Services sales include the sales volume from the Services business

4 Adjustment items amounted to EUR 1.9 (3.3) million in 10–12/21 and EUR 7.2 (11.3) million in 1–12/21.

* Incl. Mining & Metals, Power, Water treatment, Food & Bev, Pharma

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