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Flsmidth & Co A/S (FLS.CO)

FLS.CO on Copenhagen Stock Exchange

393.00DKK
22 Jun 2018
Change (% chg)

kr.-5.20 (-1.31%)
Prev Close
kr.398.20
Open
kr.398.40
Day's High
kr.403.40
Day's Low
kr.393.00
Volume
288,666
Avg. Vol
296,688
52-wk High
kr.448.20
52-wk Low
kr.327.60

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 shares surge on better-than-expected Q1 mining orders

COPENHAGEN, May 2 Danish engineering group FLSmidth reported better-than-expected new orders in the first quarter as it secured its first big contract from the minerals sector since 2015.