reports
- Tomi Railo
- Tomi Railo
Neles (Hold, TP: EUR12.50) - No drama
Q4 offered no new major insight into the case, which awaits the merger with Valmet. Q4 orders and the DPS proposed for 2021 were above our estimates and consensus, while Q4 sales and clean EBITA were roughly in line. With minor estimate changes, we reiterate our HOLD and EUR12.5 target price.
- Tomi Railo
Neles (Hold, TP: EUR12.50) - Focus on orders and outlook
We expect the focus in the Q4 report to be on orders and the outlook. We forecast 20% order intake growth YOY for Q4 and 18% for 2022. We have raised our 2021–2023e orders, sales and clean EPS by c4% on average. We reiterate our HOLD and EUR12.5 target price.
- Tomi Railo
- Tomi Railo
NELES reduced its risk exposure resulting in an upgrade to Slightly Po...
NELES (FI), a company active in the Industrial Machinery industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date July 16, 2021, the closing price was EUR 1...
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