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Flsmidth & Co A/S (FLS.CO)

FLS.CO on Copenhagen Stock Exchange

342.90DKK
10:12am GMT
Change (% chg)

kr.9.50 (+2.85%)
Prev Close
kr.333.40
Open
kr.332.00
Day's High
kr.343.10
Day's Low
kr.331.40
Volume
65,870
Avg. Vol
226,841
52-wk High
kr.441.80
52-wk Low
kr.284.10

Latest Key Developments (Source: Significant Developments)

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

Flsmidth Q3 EBIT below expectations at DKK ‍234​ mln
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - FLSMIDTH ::‍GUIDANCE FOR 2017 IS UNCHANGED​.Q3 ORDER INTAKE DKK ‍4.19​ BILLION (REUTERS POLL DKK 4.34 BILLION).Q3 EBIT DKK ‍234​ MILLION (REUTERS POLL DKK 290 MILLION).Q3 REVENUE DKK ‍4​.10 BILLION (REUTERS POLL DKK 4.60 BILLION).‍GUIDANCE FOR 2017 IS UNCHANGED​.  Full Article

Flsmidth Q4 EBIT DKK 308 million, beats expectations
Thursday, 9 Feb 2017 

Flsmidth & Co A/S : Q4 revenue 5.53 billion Danish crowns ($795 million)(Reuters poll 4.94 billion crowns) . Q4 EBIT 308 million crowns (Reuters poll 259 million crowns) . Q4 order intake 4.54 billion crowns (Reuters poll 4.29 billion crowns) . Guidance for 2017 reflects lower order backlog at beginning of year combined with an assumption of stable market activity in 2017 . 2017 revenue is expected to be 17 billion-19 billion crowns and EBITA margin to be 7-9 pct. . Return on capital employed (ROCE) is expected to be 8-10 pct .Revenue and EBITA margin in 2017 is expected to be at a level similar to 2016.  Full Article

FLSmidth signs joint venture agreement in China
Tuesday, 27 Sep 2016 

FLSmidth & Co A/S : Says has entered into joint venture with Northern Heavy Industries Group Co., Ltd (NHI Group), Chinese heavy machinery manufacturer . Says joint venture to be established with own board of directors and management under name NHI-Fuller (Shenyang) Mining Co., Ltd (NHI-Fuller) . Says it is anticipated that NHI-Fuller will be operational in Q1 2017 .CEO says with NHI Group, FLSmidth has found perfect industrial partner for entering mid-market for mining equipment, what has been part of company's strategy since 2014.  Full Article

Flsmidth Q2 EBIT DKK 177 million; misses expectations
Thursday, 11 Aug 2016 

Flsmidth & Co A/S : Q2 order intake 4.35 billion Danish crowns ($651.9 million) (Reuters poll 4.49 billion crowns) . Q2 revenue 4.14 billion crowns (Reuters poll 4.60 billion crowns) . Q2 EBIT 177 million crowns (Reuters poll 286 million crowns) . Guidance for 2016 is narrowed to lower end of range . Sees 2016 revenue at 17 billion - 18 billion crowns (previously 17 billion - 20 billion crowns) . Sees 2016 EBITA margin will be 7-8 percent (previously 7-9 percent) . Sees 2016 return on capital employed is expected to be 8-9 percent (previously 8-10 percent) . 2016 effective tax rate is expected to be 29-31 percent (in 2015: 32 percent) .2016 cash flow from investments is expected to be about loss 0.3 billion crowns excluding acquisitions and divestments (previously 0.4 billion crowns).  Full Article

Flsmidth receives cement plant order in India
Thursday, 23 Jun 2016 

Flsmidth & Co A/S : Says has signed contract with Larsen & Toubro Limited for engineering, procurement and supply of equipment for complete cement production line in Tamil Nadu, India . Plant capacity is 3,000 tonnes per day . Customer is Larsen & Toubro Limited, for Tamil Nadu Cement Corporation Limited (TANCEM) .Says order will be delivered over the next 16 months.  Full Article

FLSmidth receives cement order in Vietnam
Thursday, 16 Jun 2016 

FLSmidth & Co A/S : Receives cement order in Vietnam . Says order will be booked by cement division and contribute beneficially to flsmidth's earnings until late 2017. .Contract value is of approximately 255 million Danish crowns ($38.3 million).  Full Article

FLSmidth Q1 EBIT misses expectations, guidance maintained
Wednesday, 18 May 2016 

Flsmidth : Q1 operating profit 153 million Danish crowns ($23.18 million) versus Reuters poll average estimate of 232 million crowns . Q1 revenue 3.76 billion crowns versus Reuters poll average estimate of 4.39 billion . Q1 order intake 5.28 billion crowns versus Reuters poll average estimate of 5.50 billion . Says full-year guidance maintained .Says expects a higher activity level in the remainder of 2016.  Full Article

FLSmidth & Co enters into strategic agreement with Wirtgen group
Monday, 18 Apr 2016 

FLSmidth & Co A/S:Says has signed long-term cooperation agreement on supply of cone crushers for mobile applications with Wirtgen Group's Kleemann.  Full Article

FLSmidth & Co A/S receives order on project with Tribomax
Friday, 26 Feb 2016 

FLSmidth & Co A/S:Says ‍Lehigh Southwest Cement Company, has ordered an upgrade of its cement mill with a hydraulic roller press pre-grinder with FLSmidth's latest innovation; Tribomax wear surface protection​.Says upgrade is expected to increase the current cement grinding capacity at the Tehachapi plant by 23 percent by installing and using the hydraulic roller press for pre-grinding.The Tribomax wear solution will furthermore significantly decrease operational cost.  Full Article