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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.

Key figures

The financial year in figures:1 January–
31 December 2020
1 January–
31 December 2019
1 May–
31 December 2019
Turnover, EUR million544.9533.7297.7
Operating margin/EBITDA, EUR million53.878.937.0
Operating result/EBIT, EUR million)-95.3-11.2-40.4
Comparable operating profit excluding non-recurring items, EUR million27.527.0-2.5
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 million39.617.121.0
Equity ratio %27.942.942.9
Interest-bearing net debt/operating margin6.14.04.0
Energy peat deliveries (TWh)
Wood fuel deliveries (TWh)
Heating deliveries (TWh)
Accident frequency*
*) Accident frequency=number of accidents requiring a visit to occupational health services/million working hours

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.