Metso Corporation’s press release on May 8, 2020 at 9:00 a.m. EEST
The future Neles Corporation invites analysts, investors and media to participate in its first Capital Markets Day, which will be hosted virtually on May 27, 2020, from 1 p.m. to 5 p.m. EEST at the latest. The event and all the materials will be in English.
At the virtual event, the top management of Neles will provide information about the end markets the company operates in, business prospects, cornerstones of the strategy as well as future targets. The event will also showcase how Neles’ mission-critical products are used in a number of process industries globally as well as bring a deeper understanding of the product and service offering and technologies of Neles.
In addition to the future Neles’ President and CEO Olli Isotalo, the speakers of the day will include the following members of Neles’ Executive Management Team: CFO Simo Sääskilahti, head of Equipment business line Timo Hänninen and head of market area North America Patrick Dunn.
A more detailed program and instructions on how to participate virtually will be sent to the participants. To sign up for the event, please contact Ms. Jatta Nylund no later than May 25, 2020, by email firstname.lastname@example.org, or tel. +358 40 565 0757. The presentation materials and recording of the event the event will be published afterwards (in English) on Metso’s website at www.metso.com/nelescmd2020.
About future Neles Corporation
The future Neles Corporation is a well-known flow control solutions and services provider to the oil and gas refining, pulp, paper and bioproducts industries, chemicals and other process industries. Neles employs about 2,900 people and has operations in more than 40 countries. Neles’ unaudited carve-out sales for full-year 2019 were EUR 660 million and its carve-out operating profit was EUR 93 million.
Neles Corporation is planned to be created in the partial demerger of Metso, in which Metso’s Flow Control business would become the independent Neles Corporation and would continue Metso’s listing on Nasdaq Helsinki. Simultaneously, Metso’s Minerals Business would combine with Outotec to create Metso Outotec.
The completion of the transaction is currently expected to take place on June 30, 2020, subject to the receipt of all required regulatory and other approvals, including competition clearances. The Extraordinary General Meetings of both Metso and Outotec approved the transaction on October 29, 2019.
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 3.6 billion in 2019. Metso employs over 15,000 people in more than 50 countries. metso.com, twitter.com/metsogroup
For more information, please contact
Simo Sääskilahti, Chief Financial Officer of the future Neles Corporation, tel. +358 50 3863234
Juha Rouhiainen, VP, Investor Relations, Metso Corporation, tel. +358 20 484 3253