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FLSmidth & Co A/S (FLS.CO)

FLS.CO on Copenhagen Stock Exchange

278.60DKK
25 Jun 2019
Change (% chg)

kr.2.20 (+0.80%)
Prev Close
kr.276.40
Open
kr.276.60
Day's High
kr.279.70
Day's Low
kr.273.70
Volume
151,141
Avg. Vol
236,043
52-wk High
kr.423.80
52-wk Low
kr.251.60

Latest Key Developments (Source: Significant Developments)

FLSmidth To Develop Cement Plant In North Africa
Monday, 15 Apr 2019 

April 15 (Reuters) - FLSmidth & Co A/S ::CARTHAGE CEMENT IN NORTH AFRICA COMMISSIONED FLSMIDTH TO DEVELOP DJEBEL RESSAS, TUNISIA’S LARGEST AND MOST TECHNOLOGICALLY ADVANCED CEMENT PLANT.O&M CONTRACT MEANS FLSMIDTH IS COMMITTED TO ENSURING EFFICIENT OPERATION OF DJEBEL RESSAS AND TO MAINTAIN IT IN PREMIUM CONDITION FOR 5 YRS.CARTHAGE CEMENT SIGNED A CONTRACT WITH FLSMIDTH FOR THE O&M OF DJEBEL RESSAS, INCLUDING A GUARANTEED PRODUCTION FOR FIVE YEARS.  Full Article

FLSmidth To Deliver New Cement Production Line In Vietnam
Friday, 29 Mar 2019 

March 29 (Reuters) - Flsmidth & Co A/S ::TO DELIVER NEW CEMENT PRODUCTION LINE IN VIETNAM.CONTRACT HAS A VALUE OF AROUND DKK 550 MILLION.XUAN THANH CEMENT HAS AWARDED FLSMIDTH A CONTRACT.ORDER BECOMES EFFECTIVE IMMEDIATELY, ENGINEERING WORK IS PERFORMED IN COMING MONTHS AND MAIN REVENUE WILL BE RECOGNISED DURING 2020.ORDER IS DUE TO BE FULLY DELIVERED BY END OF 2020.  Full Article

FLSmidth Acquires IMP Automation Group
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Flsmidth & Co A/S ::ACQUIRES IMP AUTOMATION GROUP.ACQUIRES IMP AUTOMATION GROUP.ACQUISITION INCLUDES +130 IMP EMPLOYEES, INCLUDING MANAGING DIRECTOR, BOYNE HOHENSTEIN..ACQUISITION IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS AND CLOSING IS EXPECTED IN Q2 2019.PARTIES HAVE AGREED NOT TO DISCLOSE TERMS OF TRANSACTION..ACQUISITION WILL BE ACCRETIVE TO FLSMIDTH GROUP MARGINS..INCLUDED IN TRANSACTION IS IMP'S 50% SHARE IN A JV, WHICH PROVIDES COMPLETE O&M BASED SOLUTIONS FOR AUTOMATED LABS..ACQUISITION WILL BE ACCRETIVE TO FLSMIDTH GROUP MARGINS..ACQUIRED PARTS OF IMP AUTOMATION GROUP INCLUDING JV, GENERATED REVENUES IN EXCESS OF DKK 250M IN 2018.  Full Article

FLSmidth CEO Says Miners Still Needs To Invest Despite Weaker Sentiment
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - FLSMIDTH & CO A/S CHIEF EXECUTIVE THOMAS SCHULZ SAYS IN TELEPHONE INTERVIEW::NOT HAPPY WITH CASHFLOW BUT IT IS THE DISCONTINUED BUSINESS THAT HITS IT QUITE DRAMATICALLY.THE GLOBAL MACRO SENTIMENT IS ON ITS WAY DOWN, BUT THE MINING INDUSTRY STILL NEEDS TO INVEST AND HAVE THE MONEY.IF THE NEGATIVE SENTIMENT GOES ON IT WILL IMPACT THE BIG MINERS' DECISIONS TO START NEW PROJECTS.IT IS NOT DEPENDING ON LARGE ORDERS IN MINING, BECAUSE WE HAVE IMPROVED OUR POSITION IN AFTER-MARKET, PRODUCTS AND SMALLER ISSUES.  Full Article

Flsmidth Q4 EBIT Below Expectations At DKK 419 Mln
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Flsmidth & Co A/S ::REG-ANNUAL REPORT 2018 FOR FLSMIDTH & CO..REG-ANNUAL REPORT 2018 FOR FLSMIDTH & CO..PROPOSED DIVIDEND IS DKK 9 PER SHARE (2018: DKK 8)..Q4 EBIT DKK 419 MILLION (REUTERS POLL DKK 454 MILLION).Q4 ORDER INTAKE DKK 4.50 BILLION (REUTERS POLL DKK 4.88 BILLION).GUIDANCE FOR 2019 FLSMIDTH GUIDES FOR REVENUE OF DKK 19-21BN (2018: DKK 18.8BN) AND AN EBITA MARGIN OF 9-10% (2018: 8.5%).2019 RETURN ON CAPITAL EMPLOYED (ROCE) IS EXPECTED TO BE 12-14% (2018: 11.0%)..POSITIVE TREND IN MINING INDUSTRY IS EXPECTED TO CONTINUE IN 2019 MODESTLY.Q4 REVENUE DKK 5,45 BILLION (REUTERS POLL DKK 5.50 BILLION)."BOTH OUR CEMENT AND MINING CUSTOMERS ARE CONSTANTLY PURSUING PRODUCTIVITY IMPROVEMENTS." - CEO."MINING INDUSTRY STEPPED UP INVESTMENTS IN 2018, WHICH TRANSLATED TO A 24% INCREASE IN OUR MINING ORDER INTAKE AND AN EXPANDING ORDER BACKLOG "."ADDITIONAL FACTORS THAT WILL STRENGTHEN OUR COMPETITIVENESS ARE OUR ONGOING EFFORTS TO STANDARDISE OUR PRODUCT OFFERING AND LEVERAGE OUR UNIQUE CUSTOMER INSIGHT," - CEO.SAYS GUIDANCE IS BASED ON HIGHER EXPECTED REVENUE FROM MINING CAPITAL BUSINESS, FOLLOWING STRONG ORDER INTAKE IN 2018.PROPOSES FY DIVIDEND OF DKK 9 PER SHARE (REUTERS POLL DKK 8.45 PER SHARE).  Full Article

FLSmidth To Sell Bulk Material Handling Business To Rainbow Heavy Machineries
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Flsmidth & Co A/S ::EXITS BULK MATERIAL HANDLING BUSINESS.FLSMIDTH HAS REACHED AN AGREEMENT TO SELL ITS BULK MATERIAL HANDLING BUSINESS TO RAINBOW HEAVY MACHINERIES.PLANS TRANSFER OF EMPLOYEES, BRAND AND IPR TO RAINBOW HEAVY MACHINERIES.RETAINS ALL ONGOING PROJECTS, BUT TO BE DELIVERED THROUGH AN OPERATIONAL AGREEMENT WITH RAINBOW HEAVY MACHINERIES.TRANSACTION HAS NO IMPACT ON GUIDANCE FOR 2018.  Full Article

Flsmidth Q3 Order Intake Dkk 7.16 Billion
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Flsmidth & Co A/S ::REG-INTERIM REPORT FOR FLSMIDTH & CO. FOR 1 JANUARY - 30 SEPTEMBER 2018.GUIDANCE FOR 2018 MAINTAINED.Q3 PROFIT OF DKK 162M AGAINST DKK 23M LAST YEAR.GUIDANCE FOR 2018 IS UNCHANGED.Q3 EBIT DKK 254 MILLION (REUTERS POLL DKK 325 MILLION).Q3 ORDER INTAKE DKK 7.16 BILLION (REUTERS POLL DKK 6.55 BILLION).Q3 REVENUE DKK 4.34 BILLION (REUTERS POLL DKK 4.69 BILLION).  Full Article

Flsmidth & Co Q2 EBIT DKK 299 Million, Below Expectations
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Flsmidth & Co A/S ::REG-HALF-YEAR REPORT FOR FLSMIDTH & CO. FOR 1 JANUARY - 30 JUNE 2018.2018 GUIDANCE MAINTAINED.ORGANIC ORDER INTAKE UP 13% DRIVEN BY MINING PROJECTS AND SERVICES.SAYS CURRENCY HEADWINDS IMPACTED ORDER INTAKE AND REVENUE NEGATIVELY BY 7% AND 6%, RESPECTIVELY, IN Q2 2018.Q2 ORDER INTAKE DKK 5.06 BILLION (REUTERS POLL DKK 4.42 BILLION).Q2 REVENUE DKK 4.73 BILLION (REUTERS POLL DKK 4.67 BILLION).Q2 EBIT DKK 299 MILLION (REUTERS POLL DKK 316 MILLION).  Full Article

FLSmidth Signs Two Cement Plant Contracts In Central America
Saturday, 4 Aug 2018 

Aug 6 (Reuters) - FLSMIDTH ::SIGNS TWO LARGE CEMENT PLANT CONTRACTS IN CENTRAL AMERICA.ONE CONTRACT IS FOR A GREENFIELD CEMENT PLANT VALUED AT MORE THAN EUR 100 MILLION.OTHER FOR A BROWNFIELD CEMENT PLANT ALSO VALUED AT MORE THAN EUR 100 MILLION.COMBINED, THE CONTRACTS ARE WORTH MORE THAN EUR 250 MILLION.  Full Article

FLSmidth CEO not satisfied with order intake in cement unit in Q3
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - FLSMIDTH'S CHIEF EXECUTIVE THOMAS SCHULZ SAYS IN TELEPHONE INTERVIEW:ORDER INTAKE AND REVENUE IN CEMENT BUSINESS NOT SATISFYING IN Q3.HAVE SEEN SLOWDOWN OF THE RECOVERY IN THE CEMENT BUSINESS.EXPECTS GROWTH RATES IN CEMENT BUSINESS TO IMPROVE AGAIN, "IT'S ONLY A MATTER OF TIME".MINERS HAVE SIGNALLED THEY WILL SPEND A LITTLE MORE CAPEX IN 2018 THAN IN 2017.CUSTOMERS ARE INCREASINGLY WILLING TO REACTIVATE ORDERS ON HOLD.  Full Article