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.
Neles
PO Box 1220
FI-00101
Helsinki, Finland
Tel: +358 20 484 100
Fax: +358 20 484 101
