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.

Neles’ EGM will be held on Wednesday, September 22

The registration and advance voting will end on September 16, 2020 at 4:00 pm.
Read more about EGM

Valmet and Neles to merge

Together they create a leading company with a unique offering for process industries globally
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Key facts

Leading flow control solutions 

See strategy

Solid balance sheet

Reports and presentations

Experienced management team

Neles Management team

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

Market activity in Pulp and Paper projects is expected to continue at a good level.

Market activity in Chemicals and Oil & Gas projects was weak in the first half of 2021. The market activity is expected to return to a satisfactory level in the second half of 2021. Postponements of projects and global uncertainties continue to reduce visibility in the Chemicals and Oil & Gas project businesses.

Market activity was satisfactory for the Services and the customer Maintenance, Repair and Operations-driven (MRO) businesses during the first half of 2021. These markets are expected to continue to improve, reaching a good level towards the end of 2021.

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

The market outlook reflects the 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' Governance, including Articles of Association, policies and principles.

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