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
| EUR million | October–December 2023 | October–December 2022 | January–December 2023 | January–December 2022 |
| Net sales | 122.4 | 123.6 | 495.9 | 544.9 |
| Operating profit (EBIT) | -5.8 | 10.6 | -5.3 | 29.2 |
| % of net sales | -4.7 | 8.5 | -1.1 | 5.4 |
| Operating profit (EBIT) before impairment | -4.7 | -1.5 | -0.7 | 17.2 |
| % of net sales | -3.9 | -1.2 | -0.1 | 3.2 |
| Profit/loss for the period | -4.9 | 16.0 | -8.2 | 18.6 |
| Operating margin (EBITDA) | 1.5 | 8.5 | 29.2 | 46.8 |
| +/- Change in working capital | -4.8 | 15.7 | 5.4 | 48.4 |
| – Net investments | 9.0 | 21.8 | 31.2 | -136.7 |
| Free cash flow before taxes | -12.2 | -0.2 | 3.4 | -41.5 |
| Gross investments | 15.1 | 31.1 | 40.2 | 167.5 |
| Return on invested capital % * | -8.3 | 6.4 | -1.3 | 6.4 |
| Return on invested capital % before impairment * | -11.4 | 3.8 | -2.4 | 3.8 |
| Return on equity % * | 0.0 | 5.1 | -2.7 | 5.1 |
| Total assets | 737.3 | 810.3 | ||
| Shareholders’ equity | 293.1 | 311.2 | ||
| Interest-bearing net debt | 144.4 | 140.0 | ||
| Equity-to-assets ratio %** | 40.1 | 38.7 | ||
| Interest-bearing net debt/EBITDA | 4.9 | 3.0 | ||
| Gearing % | 49.3 | 45.0 | ||
| Average number of employees | 936 | 958 | ||
| *) Last 12 months |
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.
Interim and Annual Reports
Neova 2024
Neova 2023
Neova 2022
Neova 2021
Neova 1.1.-31.12.2021
Vapo 1.1.-31.12.2020
Interim Reports 2020
Vapo 1.5.2019-31.12.2019
Interim Reports 2019
Vapo 1.5.2018-30.4.2019
Interim Reports 2018
Vapo 1.5.2017-30.4.2018
Interim Reports 2017
Vapo 1.5.2016-30.4.2017
Interim Reports 2016
Vapo 1.5.2015-30.4.2016
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.