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 (28-02-2021)

Shares

% of Total
Valmet Oyj 44,415,207 29.54
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
OP Funds 1,763,277 1.17
Total 5 shares 65,085,152 43.28
Total 150,348,256 100
Key Figures (EUR million) 2019 2020 Change %
Orders received 1 681 590 -13
Order backlog at end of period 280 270 -4
Sales 660 576

-13

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  
Operating profit 93 70 -25
% 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  
Gearing, % - 30.9  
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

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