Neles is a leading valve and valve automation company with strong market positions, above-market growth and resilient business model with strong profitability over cycles. It targets value creation for all its stakeholders.

Key facts

Leading flow control solutions 

See strategy

Solid balance sheet

Reports and presentations

Experienced management team

Neles Management team

Neles' Annual Report 2020 has been published

See Annual Report

Neles’ AGM will be held on Friday, March 26

Read more about AGM

Neles as an investment

Reinventing reliability. Neles is a leading best-in-class valve and valve automation company. Neles is listed on Nasdaq Helsinki with the trading symbol ‘NELES’.

Neles targets to create value for its shareholders:

  • 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

We expect the market activity in Pulp and Paper projects to continue at a good level.

Market activity in Chemicals and Oil & Gas projects is expected to continue at a satisfactory level, as it did during the second half of 2020. Postponements of projects and global uncertainties continue to reduce visibility in the Chemicals and Oil & Gas project businesses.

Market activity for the Services and the customer Maintenance, Repair and Operations-driven (MRO) businesses is expected to gradually improve during the second quarter of 2021 from the weak levels of the second half of 2020. Large shutdowns are still being postponed due to the Covid-19 pandemic and customers’ tight cash management.

The ongoing Covid-19 pandemic continues to create uncertainties and risks of abrupt changes in all markets important for Neles.

Market outlook reflects management’s expectation for the next six months unless otherwise stated.

Financial targets

The mid-term financial targets derived from the strategy for the future Neles Corporation are:

  • Orders received of more than EUR 1 billion around 2025
  • Annual organic growth ambition of at least 5%
  • EBITA margin of at least 15%, while investing in growth
  • Maintaining a strong balance sheet (net debt/EBITDA less than 2.5), while investing in growth
  • Dividend payout of approx. 40% of net earnings (excluding PPA amortization related to acquisitions)

Neles’ strategic targets are mid-term ambitions and should not be viewed as guidance for the near-term performance of Neles as the current Covid-19 pandemic will adversely impact the Neles’ business in the short-term.

Investor contact

For more information on Neles Corporation, please contact:

Ms Rita Uotila

Vice President, Investor Relations

Tel: +358 400 954 141

Email: rita.uotila@neles.com

 

Read more about Neles IR

Financials

Financial reporting - Neles' dates for interim reviews and financial results

Share

Information about Neles' share

Governance

Information on Neles' Board of Directors and Executive Team. Read also about remuneration and Annual General Meeting.

Reports and presentations

In this section, you will find Neles' Financial Reports, Presentations, Annual Meeting Materials and Corporate Governance Reports.

Investors calendar

Investor calendar and information about future events as well as financial results.

Annual Report 2020

2020 was a period of great change for Neles