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Flsmidth & Co A/S (FLS.CO)

FLS.CO on Copenhagen Stock Exchange

284.80DKK
7 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Flsmidth signs contract in Iraq
Thursday, 3 Nov 2016 02:51am EDT 

Flsmidth & Co A/S : Said on Wednesday signed a contract worth more than $200 million with Iraq Cement Co., .Said will supply a total of 6,000 tonnes of cement per day to the production line for the Al Muthana region.  Full Article

Flsmidth signs contract in Iraq
Wednesday, 2 Nov 2016 04:53pm EDT 

Flsmidth & Co A/S : Said on Wednesday signed a contract worth more than $200 million with Iraq Cement Co., .Said will supply a total of 6,000 tonnes of cement per day to the production line for the Al Muthana region.  Full Article

FLSmidth wins new operation and maintenance contract in Egypt
Wednesday, 14 Sep 2016 06:31am EDT 

Flsmidth & Co A/S : Wins new operation and maintenance contract in Egypt . Parties have agreed not to disclose value of contract .Contract is a five-year continuation of existing contract signed back in 2010.  Full Article

Flsmidth Q2 EBIT DKK 177 million; misses expectations
Thursday, 11 Aug 2016 06:00am EDT 

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 12:00am EDT 

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 09:29am EDT 

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 06:00am EDT 

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 02:42am EDT 

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 02:39am EST 

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

FLSmidth & Co proposes 2015 dividend of DKK 4/shr
Thursday, 11 Feb 2016 06:10am EST 

FLSmidth & Co A/S:Proposes 2015 dividend of 4 Danish crowns per share, lower than the 7.68 crowns expected by analysts.  Full Article

FLSmidth announces Denmark layoffs, plans global cuts

COPENHAGEN, Sept 29 FLSmidth is laying off 130 workers in Denmark as part of plans to cut about 10 percent of its global workforce in the near future, the Danish provider of equipment and services to the cement and mining sectors told Reuters on Thursday.