Annual report


Forward together

Neles is now part of Valmet. The merger was completed on April 1, 2022

Neles delivers mission-critical flow control innovations, technologies, and services for the continuously evolving needs of global process industries. We help our customers to improve their process performance and ensure the safe flow of materials. We drive profitable growth and sustainable productivity across our customer industries.

Neles Annual report

Sustainability review (GRI Supplement)

Highlights of 2021


MEUR 611 



Adjusted EBITA

14.2% of sales


CO2 reduced in production (target -25% by 2030)

2021 in review – Our top 5 highlights

The roots of our #NelesJourney date back to 1956. We draw on our long heritage and knowhow to continuously develop and innovate solutions that redefine how process industries experience reliable flow control performance. In 2021, we had the privilege of not only celebrating our first year after a partial demerger, but also Neles’ 65th anniversary!

Take a look at some of our favorite highlights from 2021.

Reliable partner – Sustainable solutions

Sustainability is integrated into everything we do, from product development to supply chain and daily operations. Our sustainability agenda is being integrated into our HSEQ management system, thus ensuring the consistency and efficiency of the implementation of our targets. We drive our targets for a brighter tomorrow in these three areas: Health and safety, Environment, Society and People.

In 2021, we achieved safety records in several locations and used 100% renewable energy at the headquarters and Helsinki plant. We also joined the Carbon Disclosure Project (CDP) to support transparency.

Industries we serve

Neles offers valve and valve automation technologies and services to all process industries. Valves play an important role in our everyday lives, and they allow various industries to produce materials that keep our societies and infrastructures up and running. Wherever liquid or gas is moved in a pipe, there are valves involved.

Diversification of our customer industries is a cornerstone of Neles’ growth strategy. In 2021, we took an important strategic step to strengthen our position in the mining & and metals industry by the acquisition of Flowrox valve and pump businesses as well as made advancements in the green hydrogen business.

ESEF XBRL reporting format