Investors
Targeting higher shareholder value
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
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 nine months of 2021. The market activity is expected to return to a satisfactory level during the next 6 months. 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 nine months of 2021. These markets are expected to continue to improve, reaching a good level at the beginning of 2022.
The ongoing challenges in global logistics, availability of electronic components and 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