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

NELES OYJ

(NELES)
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Neles Corporation : has received a merger proposal from Valmet Corporation

09/29/2020 | 11:12am EST

Neles Corporation ('Neles') refers to the stock exchange release published by Valmet Corporation ('Valmet') today regarding a merger proposal made to Neles' Board of Directors.

Neles confirms that it has today received an unsolicited letter from Valmet proposing a merger between Neles and Valmet (the 'Letter'). The Letter does not include a proposal for the specific terms of the merger, such as an exchange ratio.

The Board of Directors of Neles will assess the Letter and consider potential further actions needed.

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 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 around 40 countries. Neles was created in the partial demerger of Metso Corporation, and trading in Neles stock started on July 1, 2020.

Contact:

Ms Rita Uotila

Tel: +358 400 954 141

Email: rita.uotila@neles.com

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
NELES OYJ 0.09% 10.87 Delayed Quote.5.14%
VALMET OYJ 0.56% 21.6 Delayed Quote.0.56%
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More news
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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