Neles’ Interim Review January 1 – March 31, 2022

Neles’ Interim Review January 1 – March 31, 2022

Valmet Oyj’s stock exchange release on April 27, 2022 at 1:05 p.m. EEST


Forward together - Neles is now Valmet’s Flow Control business line. Merger was completed on April 1, 2022.


This is a summary of Neles’ Interim Review for January 1 – March 31, 2022. The complete review is attached to this release and is also available at

Neles’ January – March in brief: Strong order intake and sales growth resulted in good profitability

  • Strong growth in both orders received and sales
  • Good business momentum across all Market Areas, North America continues to be particularly active
  • Good sales volumes and solid sales margins resulted in good profitability, with Adjusted EBITA margin of 16.1 percent

Merger of Neles and Valmet

On July 2, 2021, Neles announced that the Board of Directors of Neles Corporation and Valmet Oyj had signed a combination agreement and merger plan to combine the two companies through a merger.

On March 22, 2022, Neles Board received a renewed authorization from the AGM 2022 to decide on the extraordinary distribution of funds and decided to distribute a total of EUR 2.00 per share to Neles’ shareholders. As a merger consideration, the shareholders of Neles received 0.3277 new shares in Valmet for each share they held in Neles.

The completion of the merger was executed on April 1, 2022, when all conditions for completion were fulfilled. For more information, please visit


Valmet’s news conference and webcast for analysts, investors and media

Valmet will arrange a news conference in English as a live webcast at on Wednesday, April 27, 2022, at 2:00 p.m. Finnish time (EEST). President and CEO Pasi Laine will be presenting Valmet's results. Flow Control Business Line President Simo Sääskilahti will present highlights of Neles' first quarter 2022 results.

Recording of the webcast will be available shortly after the event at the same address.

It is possible to take part in the news conference through a conference call. Conference call participants are requested to dial in at least five minutes prior to the start of the conference at

Finland +358 981710310
United Kingdom +44 3333000804
France +33 170750711
Germany +49 6913803430
Norway +47 23500243
Sweden +46 856642651
United States +1 6319131422

The participants will be asked to provide the conference PIN: 92595845#

All questions should be presented in English.

The event can also be followed on Twitter at


Further information, please contact:

Pekka Rouhiainen, Director, Investor Relations, Valmet, tel. +358 10 672 0020





Kari Saarinen



Pekka Rouhiainen

Director, Investor Relations




Nasdaq Helsinki

Major media

Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries.

We aim to become the global champion in serving our customers. Our 17,000 professionals work close to our customers and are committed to improving our customers’ performance – every day.

The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. In 2022, a major milestone was achieved when the flow control company Neles was merged into Valmet. The combined company net sales in 2021 was approximately EUR 4.5 billion based on the respective company figures.

Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.    


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