Long-term Incentive Programme 2024 COMPANY ANNOUNCEMENT NO. 7-2024 11 April 2024, Copenhagen, Denmark The Board of Directors of FLSmidth & Co. A/S has today allocated performance shares to members of the Executive Management and key staff (155 persons in total) as part of the Group's Long-term Incentive Programme. The primary purpose of the programme is to retain key staff and to align the interests of shareholders and the incentive programme participants by rewarding performance in accordance with the company’s strategy and its long-term financial targets. The number of per...
Resumé af FLSmidth & Co. A/S' ordinære generalforsamling COMPANY ANNOUNCEMENT 6-2024 10. april 2024, København, Danmark Onsdag den 10. april 2024 kl. 16:00 afholdt FLSmidth & Co. A/S ordinær generalforsamling på selskabets adresse, Vigerslev Allé 77, 2500 Valby, med følgende dagsorden: Bestyrelsens beretning om selskabets virksomhed i 2023Forelæggelse og godkendelse af årsrapport for 2023Godkendelse af honorarer til bestyrelsen: Endelig godkendelse af honorarer for 2023Foreløbig fastsættelse af honorarer for 2024 Anvendelse af overskud eller dækning af underskud i henhold ti...
Summary of FLSmidth & Co. A/S' Annual General Meeting COMPANY ANNOUNCEMENT 6-2024 10 April 2024, Copenhagen, Danmark On Wednesday 10 April 2024 4 pm (CEST), FLSmidth & Co A/S held its Annual General Meeting at the offices of the company, Vigerslev Allé 77, DK-2500 Valby with the following agenda: The Board of Directors' report on the company’s activities in 2023Presentation and approval of the 2023 Annual ReportApproval of the Board of Directors’ fees: Final approval of fees for 2023.Preliminary determination of fees for 2024 Distribution of profits or covering of losses in accord...
INDKALDELSE til ordinær generalforsamling i FLSmidth & Co. A/S COMPANY ANNOUNCEMENT NO. 5-202413 marts 2024, København, Danmark Bestyrelsen indkalder herved til ordinær generalforsamling onsdag den 10. april 2024 kl. 16.00 på selskabets adresse, Vigerslev Allé 77, 2500 Valby. Dagsorden: Bestyrelsens beretning om selskabets virksomhed i 2023Forelæggelse og godkendelse af årsrapport for 2023Godkendelse af honorarer til bestyrelsen: a. Endelig godkendelse af honorarer for 2023 Bestyrelsen foreslår uændret godkendelse af honorarerne for 2023, som blev f...
NOTICE TO CONVENE the Annual General Meeting of FLSmidth & Co. A/S COMPANY ANNOUNCEMENT NO. 5-202413 March 2024, Copenhagen, Denmark The Board of Directors hereby convenes the Annual General Meeting to be held on Wednesday 10 April 2024 at 4 pm (CEST) at the offices of the company, Vigerslev Allé 77, DK-2500 Valby. Agenda: The Board of Directors' report on the company’s activities in 2023Presentation and approval of the 2023 Annual ReportApproval of the Board of Directors’ fees: a. Final approval of fees for 2023. The Board of Directors proposes unchanged approval ...
Transactions for persons discharging managerial responsibilities: Group CEO, Mikko Keto, and Group CFO, Roland M. Andersen, receive shares under the 2021 long-term incentive programme. COMPANY ANNOUNCEMENT NO. 4-2024 22 February 2024, Copenhagen, Denmark FLSmidth has received the enclosed notification pursuant to Article 19 of EU Regulation no. 596/2014 of transactions related to shares in FLSmidth made by persons discharging managerial responsibilities in FLSmidth and/or persons closely associated with them. Please see the transactions of Group CEO, Mikko Keto, and Group CFO, Ro...
Following the pre-released Q4 orders, earnings, 2024 outlook and guidance, Services orders and 2023 DPS proposal were below our estimate, but the cash flow was good. We have raised our target price to DKK370 (270), driven by our new SOTP valuation approach. With an attractive valuation and upside potential, we have upgraded to BUY (HOLD).
Strong transformation progress leading to improved financial performance with an adjusted Mining EBITA margin of 10.8% for FY2023 COMPANY ANNOUNCEMENT NO. 3-2024 21 February 2024, Copenhagen, Denmark FLSmidth & Co. Group Annual Report for 2023 Highlights in FY2023 Mining service order intake increased by 3% in 2023 reflecting stable market conditionsAdjusted Mining EBITA margin of 10.8% driven by better-than-expected Mining Technologies integration, ongoing transformation and synergy take-outSolid improvement in underlying Cement profitability with an EBITA margin of 6.7%1Deci...
Preliminary and unaudited results for FY2023 in line with guidance and FY2024 financial guidance is introduced. Annual cost synergies from the Mining Technologies acquisition raised to around DKK 600m COMPANY ANNOUNCEMENT NO. 2-2024 29 January 2024, Copenhagen, Denmark Today we are pleased to announce that our full year 2023 preliminary and unaudited results are in line with guidance. In addition, financial guidance for 2024 is introduced, which reflects FLSmidth’s continued transformation as part of the strategic journey towards FY2026. In October 2022, FLSmidth raised the expect...
FLSmidth to explore divestment options for its Cement business COMPANY ANNOUNCEMENT NO. 1-2024 29 January 2024, Copenhagen, Denmark Today, FLSmidth announces that we will explore the available divestment options for our Cement business. Our objectives are to enable the Cement business to maximise its full potential as well as to further strengthen our Mining business’ market-leading position as a full flowsheet technology and service provider to the global mining industry. As announced on 18 January 2023, FLSmidth has introduced pure play strategies to separate its Mining and Ce...
FLSmidth & Co. A/S financial calendar for 2024 COMPANY ANNOUNCEMENT NO. 18-2023 9 November 2023, Copenhagen, Denmark For the year 2024, FLSmidth has planned the following dates for the release of financial reports and the annual general meeting: 21 February 2024: 2023 Annual Report10 April 2024: 2024 Annual General Meeting15 May 2024: Q1 2024 Interim Financial Report15 August 2024: H1 2024 Interim Financial Report12 November 2024: Q3 2024 Interim Financial Report Contacts: Investor Re...
FLSmidth & Co. Group Interim Report for Q3 2023: Strong progression on our transformation, improved Mining profitability and NCA exit continuing at an accelerated pace COMPANY ANNOUNCEMENT NO. 17-2023 9 November 2023, Copenhagen, Denmark Highlights in Q3 2023 Mining order intake and revenue growth of 5% and 4%, respectively, mainly driven by ProductsAdjusted Mining EBITA margin further improved to 11.1%, mainly driven by ServiceCement order intake decreased by 24% reflecting market conditions and transformation effortsCement EBITA margin positively impacted by one-off net gain fro...
We expect focus in the Q3 results (due at 07:30 CET on 9 November) to be on orders and the clean EBITA margin. We have lowered our 2023–2025e clean EPS by c2% on average, and our target price to DKK300 (310); however, we reiterate our HOLD.
FLSmidth announces fulfilment of the closing conditions for the sale of Non-Core Activities material handling assets to KOCH Solutions COMPANY ANNOUNCEMENT NO. 16-2023 23 August 2023, Copenhagen, Denmark FLSmidth & Co. A/S (“FLSmidth”) today announced that all conditions and requirements regarding the previously announced Asset Purchase & Transfer Agreement (“the Agreement”) between FLSmidth and KOCH Solutions have been met (ref. Company Announcement no. 12-2023). The Agreement involves a mix of intellectual property, order backlog, employees and facilities that are part of FLSmidt...
FLSmidth & Co. Group Interim Report for Q2 2023: Strong momentum on key transformation efforts, positively impacting both operational and financial performance in Q2 2023 COMPANY ANNOUNCEMENT NO. 15-2023 15 August 2023, Copenhagen, Denmark Highlights in Q2 2023 Mining revenue growth of 23% mainly driven by ServiceAdjusted Mining EBITA margin improved to 10.8%Morse Rubber acquired to strengthen mill liner businessNon-Core Activities order backlog reduced to DKK 1.4bn33% decline in Cement order intake due to a slow-down in market demandGood cash flow generationFinancial guidan...
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