We aim for sustainably profitable business growth based on global megatrends such as urbanization, climate change and digitalization.
On this page you will find the Group’s key figures for the most recent financial year, as well as Interim Reports and Annual Reports. We publish financial reports three times a year.
A separate statement of the company’s corporate governance is provided from the Board of Directors’ report, including a statement of remuneration.
|The financial year in figures:||1 January–|
31 December 2020
31 December 2019
31 December 2019
|Turnover, EUR million||544.9||533.7||297.7|
|Operating margin/EBITDA, EUR million||53.8||78.9||37.0|
|Operating result/EBIT, EUR million)||-95.3||-11.2||-40.4|
|Comparable operating profit excluding non-recurring items, EUR million||27.5||27.0||-2.5|
|Profit/loss for the period, EUR million||-108.1||-19.3||-40.2|
|Earnings per share||-3,712||-667||-1,320|
|Pre-tax return on invested capital, %||-14.0||-1.7||-1.7|
|Free cash flow before taxes, EUR million||39.6||17.1||21.0|
|Equity ratio %||27.9||42.9||42.9|
|Interest-bearing net debt/operating margin||6.1||4.0||4.0|
|Energy peat deliveries (TWh)||7.0||9.1||4.4|
|Wood fuel deliveries (TWh)||3.2||3.6||2.1|
|Heating deliveries (TWh)||1.5||1.6||0.7|
We contribute to the benefit of the society
The financial responsibility of Neova Group is based on profitable operations and developing competitiveness in the long term. Sustainable financial operations also provides added value for interested parties. Due to the nature of Neova’s operations, financial effects are primarily local.
Neova Group´s companies pay all statutory taxes, based on their own business operations, to the country in which they operate. None of the Group companies have unpaid taxes. Group administration is responsible for the implementation of Neova Group’s tax strategy and compliance with country-specific tax regulations.
The local nature of our operations is reflected in our external purchases and services as well as salaries relative to turnover in all its operating countries. The majority of the company’s purchases and services are obtained from local sources. The employment effect of the operations is felt both in towns and in sparsely populated areas. Especially in the sparsely populated areas, Neova is often a very significant local employer.