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FLSmidth & Co A/S (FLS.CO)

FLS.CO on Copenhagen Stock Exchange

266.90DKK
9:22am EDT
Change (% chg)

kr.-1.50 (-0.56%)
Prev Close
kr.268.40
Open
kr.268.50
Day's High
kr.269.80
Day's Low
kr.266.60
Volume
54,352
Avg. Vol
232,235
52-wk High
kr.427.80
52-wk Low
kr.251.60

Latest Key Developments (Source: Significant Developments)

FLSmidth & Co. Q1 EBIT Below Consensus At DKK 218 Million
Thursday, 2 May 2019 06:00am EDT 

May 2 (Reuters) - FLSmidth & Co A/S ::REG-FLSMIDTH & CO. GROUP INTERIM REPORT FOR 1 JANUARY - 31 MARCH 2019.REG-FLSMIDTH & CO. GROUP INTERIM REPORT FOR 1 JANUARY - 31 MARCH 2019.2019 GUIDANCE MAINTAINED.Q1 ORDER INTAKE DKK 5,64 BILLION (REUTERS POLL DKK 5.40 BILLION).Q1 REVENUE DKK 4.42 BILLION (REUTERS POLL DKK 4.50 BILLION).Q1 EBIT DKK 218 MILLION (REUTERS POLL DKK 272 MILLION)." POSITIVE SENTIMENT IN MINING CONTINUES, WHILE CEMENT MARKET REMAINS COMPETITIVE."."OUR ORDER INTAKE AND ORDER BACKLOG DEMONSTRATE OUR COMPETITIVE STRENGTH." - CEO."STRONG ORDER INTAKE PAVES WAY FOR FURTHER ADVANCES IN BOTH REVENUE AND PROFITABILITY IN 2019 AND ONWARDS." - CEO.REVENUE AND EARNINGS ARE EXPECTED TO PICK UP IN REMAINDER OF 2019, DRIVEN BY HIGHER REVENUE, PARTICULARLY IN MINING, AND IMPROVED PROFITABILITY IN CEMENT.  Full Article

FLSmidth Chosen For Major New Mining Project In Australia
Tuesday, 30 Apr 2019 07:15am EDT 

April 30 (Reuters) - FLSmidth & Co A/S ::RIO TINTO CHOOSES FLSMIDTH FOR MAJOR NEW MINING PROJECT.RIO TINTO HAS CHOSEN FLSMIDTH TO SUPPLY KEY MINERALS HANDLING EQUIPMENT FOR COMPANY'S KOODAIDERI MINE IN WESTERN AUSTRALIA.CONTRACT IS A TURN-KEY CONTRACT FOR DESIGN, SUPPLY, INSTALLATION AND COMMISSIONING FOR RIO TINTO'S NEW GREENFIELD IRON ORE MINE, KOODAIDERI.EXACT TOTAL CONTRACT VALUE FOR SUPPLY OF EQUIPMENT WON'T BE DISCLOSED BUT IS EXCEEDING AUD 80 MILLION (APPROXIMATELY USD 56 MILLION) AND WILL BE BOOKED IN Q2 2019.ORDRER WILL BE BOOKED IN Q2 2019.CONSTRUCTION AT KOODAIDERI MINE WILL COMMENCE THIS YEAR WITH FIRST ORE EXPECTED TO BE FULLY FUNCTIONAL BY LATE 2021 WITH A PRODUCTION CAPACITY OF 43 MT OF IRON ORE PER YEAR.  Full Article

Flsmidth To Expand Hindalco’s Alumina Refinery In India
Wednesday, 23 Jan 2019 08:15am EST 

Jan 23 (Reuters) - Flsmidth & Co A/S ::TO EXPAND HINDALCO’S ALUMINA REFINERY IN ODISHA, INDIA.PROJECT IS TO BE COMPLETED BY SECOND QUARTER OF 2020.  Full Article

FLSmidth Signs Contract For Cement Plant Equipment In South America
Tuesday, 8 Jan 2019 07:49am EST 

Jan 8 (Reuters) - Flsmidth & Co A/S ::SIGNS CONTRACT FOR CEMENT PLANT EQUIPMENT IN SOUTH AMERICA.CONTRACT IS VALUED AT MORE THAN DKK 350M..PLANT IS EXPECTED TO BE FULLY OPERATIONAL IN 2021.FLSMIDTH HAS RECEIVED DOWN PAYMENT AND ORDER BECOMES EFFECTIVE IMMEDIATELY AND WILL BE PART OF ORDER INTAKE FOR Q1 2019.RECEIVED DOWN PAYMENT AND ORDER BECOMES EFFECTIVE IMMEDIATELY AND WILL BE PART OF ORDER INTAKE FOR Q1 2019.PLANT WILL HAVE A CAPACITY OF 2,500 TONNES PER DAY.  Full Article

Flsmidth Gets Order In Kazakhstan
Thursday, 22 Feb 2018 04:00am EST 

Feb 22 (Reuters) - FLSMIDTH ::CONTINUING A STRONG PARTNERSHIP: FLSMIDTH RECEIVES FOURTH COPPER CONCENTRATOR ORDER IN KAZAKHSTAN.‍TO DELIVER KEY TECHNOLOGIES FOR A FOURTH COPPER CONCENTRATOR TO KAZ MINERALS IN KAZAKHSTAN​.SEES TOTAL ORDER SIZE ON MORE THAN USD 100 MILLION.‍TOTAL ORDER SIZE: MORE THAN USD 100 MILLION​.‍ORDER WILL BE DELIVERED BY Q1 2020​.  Full Article

FLSmidth Q4 EBIT At DKK ‍372​ Mln, Significantly Beats Estimates
Wednesday, 7 Feb 2018 06:00am EST 

Feb 7 (Reuters) - Flsmidth ::REG-ANNUAL REPORT 2017 FOR FLSMIDTH & CO..‍HIGHEST ORDER INTAKE IN FOUR YEARS​.‍ORDER INTAKE GREW 6% IN 2017​.‍REVENUE DECLINED 1% IN 2017.​.‍GUIDES FOR 2018 REVENUE OF DKK 18-20BN (2017: 18.0BN) AND AN EBITA MARGIN OF 8-10% (2017: 8.4%)​.Q4 EBIT DKK ‍372​ MILLION (REUTERS POLL DKK 300 MILLION).Q4 ORDER INTAKE DKK ‍4​.84 BILLION (REUTERS POLL DKK 4.83 BILLION).2018 ‍RETURN ON CAPITAL EMPLOYED (ROCE) IS EXPECTED TO BE 10-12% (2017: 10.4%) ​.Q4 REVENUE DKK ‍4​.94 BILLION (REUTERS POLL DKK 4.90 BILLION).SHARES RISE 5 PERCENT AFTER Q4 REPORT.‍PROPOSED DIVIDEND IS DKK 8 PER SHARE (2016: DKK 6).​.SAYS EXPECTS MARKET CONDITIONS IN 2018 WILL REMAIN UNCHANGED IN THE CEMENT INDUSTRY, WHICH MEANS THAT ONLY FEW LARGE PROJECTS WILL BE AVAILABLE FOR TENDER AND COMPETITION WILL REMAIN INTENSE‍​.SAYS EXPECTS MARKET CONDITIONS IN 2018 WILL IMPROVE MODERATELY IN THE MINING INDUSTRY, RESULTING IN INCREASING DEMAND FOR SINGLE PIECES OF EQUIPMENT AS WELL AS FOR UPGRADE AND BROWNFIELD EXPANSION PROJECTS.  Full Article

FLSmidth CEO not satisfied with order intake in cement unit in Q3
Thursday, 9 Nov 2017 06:00am EST 

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 05:59am EST 

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 Q2 EBIT at DKK ‍237​ million
Wednesday, 9 Aug 2017 05:58am EDT 

Aug 9 (Reuters) - FLSMIDTH ::Q2 EBIT DKK ‍237​ MILLION (REUTERS POLL DKK 244 MILLION).Q2 REVENUE DKK ‍4.59​ BILLION (REUTERS POLL DKK 4.41 BILLION).Q2 ORDER INTAKE DKK ‍4.58​ BILLION (REUTERS POLL DKK 4.85 BILLION).2017 REVENUE IS EXPECTED TO BE DKK 17-19BN AND EBITA MARGIN 7-9%.SHARES FALL 3 PERCENT AFTER Q2 REPORT.‍GUIDANCE FOR 2017 IS CONFIRMED​.  Full Article

Flsmidth wins cement plant order in Uruguay
Thursday, 3 Aug 2017 12:42am EDT 

Aug 3 (Reuters) - FLSMIDTH ::FLSMIDTH WINS CEMENT PLANT ORDER IN URUGUAY.TOTAL ORDER SIZE: MORE THAN USD 30 MILLION.ORDER WILL BE FULLY EXECUTED BY END OF 2018.  Full Article