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Flsmidth & Co A/S (FLS.CO)

FLS.CO on Copenhagen Stock Exchange

22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

FLSmidth receives cement plant order in Egypt
Tuesday, 7 Mar 2017 05:08am EST 

Flsmidth : Receives cement plant order in Egypt . Customer is El Sewedy Cement Company . Order will be fully executed by Q4 2018 .Order is for a complete range of equipment.  Full Article

Franklin Mutual Advisers cuts stake in FLSmidth shares to 2,529,001
Wednesday, 22 Feb 2017 01:50am EST 

Danish Financial Supervisory Authority:Franklin Mutual Advisers, Llc has reduced its holding of FLSmidth shares to a total of 2,529,001 Full Article

FLSmidth receives first phase of EPC contract for gold mine
Tuesday, 21 Feb 2017 08:37am EST 

Flsmidth & Co A/S : Belo Sun Mining Corp Has awarded FLSmidth first phase of an EPC contract for Volta Grande gold mine processing plant in Brazil's Amazon region . Contract includes completion of basic engineering, selection of construction contractors and execution planning of process facility construction . Says Belo Sun's estimated value of all phases of contract is about $100 million .Says Belo Sun Mining estimates Volta Grande gold project contains more than 4.8 million ounces of measured and indicated gold.  Full Article

Flsmidth receives cement plant order in Colombia
Tuesday, 10 Jan 2017 07:52am EST 

Flsmidth & Co A/S : Has obtained an order from ohl industrial for engineering, procurement and supply of equipment for a complete cement production line with a capacity of 3,150 tonnes per day . Order includes a complete range of equipment from crushing to packing and loadout . Order size more than $60 million .Order will be fully executed by Q1 2018.  Full Article

FLSmidth signs joint venture agreement in China
Monday, 26 Sep 2016 08:00pm EDT 

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 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

More From Around the Web

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.