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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Neles Oyj    NELES   FI4000440664

NELES OYJ

(NELES)
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Metso Oyj : Corporation's partial demerger has been registered

06/30/2020 | 01:01pm EST

Neles Corporation, stock exchange release, June 30, 2020 at 20:00 EEST

The Boards of Directors of Metso Corporation ("Metso") and Outotec Oyj have resolved to complete the combination of Metso's Minerals business and Outotec Oyj through a partial demerger of Metso in accordance with the demerger plan and combination agreement signed on July 4, 2019. The completion of Metso's partial demerger was registered today at the Finnish Trade Register.

After the partial demerger, Metso became Neles Corporation ("Neles"). Trading in the shares of Neles on the official list of Nasdaq Helsinki Ltd will commence on July 1, 2020 under the trading code NELES. At the beginning of the public trading, the number of Neles shares is 150,348,256.

NELES CORPORATION

For further information, please contact:

Rita Uotila, Vice President, Investor Relations, Neles Corporation, tel. +358 400 954141

Elisa Erkkilä, General Counsel, Neles Corporation, tel. +358 40 754 4411

Neles Corporation

Distribution:

Nasdaq Helsinki

Media

www.metso.com / www.neles.com (July 1, 2020)

Neles is one of the leading providers of mission-critical flow control solutions and services for process industries. With our global team of experts and innovative solutions, we help our customers to improve their process performance and ensure the safe flow of materials. Neles is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 660 million in 2019. Neles employs about 2,900 people in approximately 40 countries. Neles was created in the partial demerger of Metso Corporation, and trading in Neles stock started on July 1, 2020.

www.neles.com, Twitter (http://www.twitter.com/nelesflow)

https://news.cision.com/neles-oyj/r/metso-corporation-s-partial-demerger-has-been-registered,c3145485

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
METSO OUTOTEC OYJ 1.48% 7.185 Delayed Quote.22.96%
NELES OYJ 0.09% 10.87 Delayed Quote.5.14%
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Financials
Sales 2020 573 M 683 M 683 M
Net income 2020 52,6 M 62,7 M 62,7 M
Net Debt 2020 82,9 M 98,8 M 98,8 M
P/E ratio 2020 31,2x
Yield 2020 1,54%
Capitalization 1 633 M 1 944 M 1 946 M
EV / Sales 2020 3,00x
EV / Sales 2021 2,72x
Nbr of Employees 2 840
Free-Float 63,7%
Chart NELES OYJ
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Technical analysis trends NELES OYJ
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 14,89 €
Last Close Price 10,87 €
Spread / Highest target 219%
Spread / Average Target 37,0%
Spread / Lowest Target -5,24%
EPS Revisions
Managers
NameTitle
Percy Henrik Mikael Lilius Chairman
Jukka Matias Moisio Chairman
Vesa Erolainen Chief Information Officer
Christer Göran Harald Gardell Vice Chairman
Lars Olof Josefsson Independent Director
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