Latest results

Half-year review

Neles’ half-year review for January-June 2020 was published on August 5, 2020.

Half-year review 2020

Neles’ January-June 2020 half-year review was published on Wednesday, August 5, 2020 and is available on this web page and in our report archive.

January-June in brief

  • Solid underlying operative margins in the second quarter despite challenging Covid-19 pandemic situation
  • Oil and Gas as well as Pulp and Paper projects remained active, the Services business and Maintenance, Repairs and Operations-driven (MRO) business affected by mobility restrictions and lockdowns
  • Partial demerger of Metso was completed on June 30th, share trading continuing under Neles name on Nasdaq Helsinki on July 1st
  • Neles Board of Directors confirmed growth strategy and mid-term financial targets on July 1st

President and CEO Olli Isotalo:

During the first half of the year, the market activity was varied. We were successful in winning many important Pulp and Paper projects as well as Oil and Gas projects as evidenced in our increased order backlog. Our Services and MRO-driven business was negatively impacted by postponements in customers’ planned maintenance shut-downs, mobility restrictions and lockdowns.

Teleconference

A teleconference hosted by President and CEO Olli Isotalo and CFO Simo Sääskilahti will be held at 14:00 EEST. To register as a participant for the teleconference and Q&A session, please dial in 5-10 minutes before the beginning of the event using the confirmation code and numbers below. The teleconference will be recorded and published on Neles’ website. The contact information is being gathered for registration purposes only and will not be used for commercial purposes.

Join the audiocast:

https://neles.videosync.fi/2020-q2/

Dial in numbers:

Finland Toll: +358 981 710 310
Sweden Toll: +46 856 642 651 
United Kingdom Toll: +44 333 300 0804
United States Toll: +1 631 913 1422 

PIN: 83484978#

For more information, please contact: Rita Uotila, Vice President, Investor Relations, Tel. +358 400 954141, E-mail: rita.uotila@neles.com 

President and CEO Olli Isotalo comments on Neles' Half-year Review 2020:

"H1 was an eventful one: we completed the partial demerger and managed impact of the covid-19. In a varying market, we delivered solid performance."

Download results materials