Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Finland
  4. Nasdaq Helsinki
  5. Neles Oyj
  6. News
  7. Summary
    NELES   FI4000440664

NELES OYJ

(NELES)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Metso Oyj : Corporation's partial demerger has been registered

06/30/2020 | 01:01pm EDT

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 1.61% 9.706 Delayed Quote.16.89%
NELES OYJ 0.33% 12.145 Delayed Quote.11.65%
All news about NELES OYJ
02:01aNELES OYJ  : to publish its Half-Year Review for January-June 2021 on July 23, 2..
AQ
06/15NELES OYJ  : responds to customers changing needs by enhancing the production of..
AQ
06/14NELES OYJ  : responds to customers' changing needs by enhancing the production o..
AQ
04/27Alfa Laval core profit in line, sees steady demand ahead
RE
04/27NELES OYJ  : ' Interim Review January 1 - March 31, 2021
AQ
04/27NELES OYJ  : 1st quarter report
CO
04/23NELES CORPORATION  : - Correction to the LEI code in Neles ESEF file attachment ..
AQ
04/22NELES OYJ  : Correction to the LEI code in Neles' ESEF file attachment in the An..
AQ
04/09NELES CORPORATION  : - Notification according to chapter 9, section 5 and 6 of t..
AQ
04/08NOTIFICATION ACCORDING TO CHAPTER 9, : Société Générale SA (SG SA)'s holding in ..
AQ
More news
Financials
Sales 2021 603 M 720 M 720 M
Net income 2021 64,2 M 76,7 M 76,7 M
Net Debt 2021 38,0 M 45,4 M 45,4 M
P/E ratio 2021 28,5x
Yield 2021 1,69%
Capitalization 1 820 M 2 174 M 2 173 M
EV / Sales 2021 3,08x
EV / Sales 2022 2,78x
Nbr of Employees 2 825
Free-Float 60,3%
Chart NELES OYJ
Duration : Period :
Neles Oyj Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NELES OYJ
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 12,12 €
Average target price 12,06 €
Spread / Average Target -0,52%
EPS Revisions
Managers and Directors
NameTitle
Olli Isotalo President & Chief Executive Officer
Jaakko-Veikko Eskola Chairman
Vesa Erolainen Chief Information Officer
Elisa Kristiina Erkkilä Chief Compliance Officer & General Counsel
Christer Göran Harald Gardell Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
NELES OYJ11.65%2 174
ATLAS COPCO AB22.54%70 547
FANUC CORPORATION4.95%46 055
PARKER-HANNIFIN CORPORATION8.38%38 102
STANLEY BLACK & DECKER, INC.11.16%32 053
SANDVIK AB7.35%31 960