reports
- ABGSC Capital Goods Research
- Peter Sehested
- Tomi Railo
- ABGSC Capital Goods Research
- Peter Sehested
FLSmidth & Co A/S financial calendar for 2025
FLSmidth & Co A/S financial calendar for 2025 COMPANY ANNOUNCEMENT NO. 12-2024 12 November 2024, Copenhagen, Denmark For the year 2025, FLSmidth has planned the following dates for the release of financial reports and the annual general meeting: 20 February 2025: 2024 Annual Report2 April 2025: Annual General Meeting14 May 2025: Q1 2025 Interim Financial Report20 August 2025: H1 2025 Interim Financial Report12 November 2025: Q3 2025 Interim Financial Report Contacts:Investors RelationsAndreas Holkjær, , Jannick Denholt, , MediaJannick Denholt, , About FLSmidth FLSmidth...
FLSmidth & Co. Group Interim Report for Q3 2024: Continued increases i...
FLSmidth & Co. Group Interim Report for Q3 2024: Continued increases in profitability reflect structural business improvements from ongoing transformation activities COMPANY ANNOUNCEMENT NO. 11-2024 12 November 2024, Copenhagen, Denmark Highlights in Q3 2024 Continued stable Mining Service market and a relatively softer Mining Products marketMining order intake decreased by 14% compared to Q3 2023, mainly due to lower Products order intakeGood execution of Products orders within Pumps, Cyclones & Valves (PCV) partly offsets 2% decline in Mining revenueMining Adjusted EBITA mar...
FLSmidth announces changes to Group Executive Management
FLSmidth announces changes to Group Executive Management PRESS RELEASE 11 November 2024, Copenhagen, Denmark FLSmidth announces that Chris Reinbold, President, Mining Products Business Line, is stepping down from his role and will be leaving FLSmidth at the end of November 2024. As FLSmidth continues to transform and position itself for growth, the company has initiated the process of identifying Chris’ replacement and expects the process to be concluded in the near future. "Since the launch of our CORE’26 mining strategy, Chris has played an instrumental role in de-risking and...
- ABGSC Capital Goods Research
- Peter Sehested
FLSmidth signs strategic cooperation agreement with Enter Engineering ...
FLSmidth signs strategic cooperation agreement with Enter Engineering for the delivery of core mineral processing equipment for a new copper concentrator production line at Almalyk MMC in Uzbekistan PRESS RELEASE 28 October 2024, Copenhagen, Denmark Building upon a long-standing relationship, FLSmidth and Enter Engineering have signed a strategic cooperation agreement for the delivery of the core mineral processing equipment for the MOF-4 copper-gold-molybdenum concentrator, which is being constructed in Almalyk, in the Tashkent region of Uzbekistan. Once completed, the plant is exp...
- Tomi Railo
FLSmidth (Buy, TP: DKK420.00) - Mining remains slow
Ahead of the Q3 results, we have lowered our 2024–2026e clean EPS by c1% on average. Our Q3e orders, sales and clean EBITA are slightly below post-Q2 consensus, which we believe will likely come down, mainly due to the limited order announcements. We reiterate our BUY and DKK420 target price.
FLSmidth launches its Global PerformanceIQ Hub, a state-of-the-art dig...
FLSmidth launches its Global PerformanceIQ Hub, a state-of-the-art digital technology centre to help maximise mining customers’ plant potential PRESS RELEASE 27 September 2024, Copenhagen, Denmark FLSmidth launches its Global PerformanceIQ Hub, a state-of-the-art digital technology centre to help maximise mining customers’ plant potential FLSmidth’s PerformanceIQ services first launched at the PERUMIN conference in 2022. Since then, positive impact on performance and productivity can be seen in the regions where the services have been launched. Today’s announcement marks another imp...
FLSmidth to strengthen its digital pumps, cyclones and valves offering...
FLSmidth to strengthen its digital pumps, cyclones and valves offering through the acquisition of Tipco PRESS RELEASE 19 September 2024, Copenhagen, Denmark FLSmidth has signed an agreement to acquire TIPCO Tudeshki Industrial Process Control GmbH (Tipco), a technology company based in Aachen, Germany. Tipco is the developer of cutting-edge sensor technology that can measure the particle size distribution of different mass flows, which offers strong applications across FLSmidth’s Mining portfolio. The technology will initially be applied to FLSmidth’s hydrocyclones por...
FLSmidth to deliver concentrate and tailings filters to South32’s Herm...
FLSmidth to deliver concentrate and tailings filters to South32’s Hermosa critical minerals project in the United States PRESS RELEASE 20 August 2024, Copenhagen, Denmark FLSmidth to deliver concentrate and tailings filters to South32’s Hermosa critical minerals project in the United States This new FLSmidth order will contribute to an increased supply of critical minerals such as zinc and manganese supporting the continued electrification of society. The mine operation is designed to minimize its environmental impact, and the equipment that FLSmidth will deliver plays a critical rol...
- Tomi Railo
- ABGSC Capital Goods Research
- Peter Sehested
Strong profitability across both Mining and Cement reflecting continue...
Strong profitability across both Mining and Cement reflecting continued business improvements COMPANY ANNOUNCEMENT NO. 10-2024 15 August 2024, Copenhagen, Denmark FLSmidth & Co. Group Interim Report for Q2 2024 Strong profitability across both Mining and Cement reflecting continued business improvements Highlights in Q2 2024 Growth in Mining Service order intake of 7%, whereas the significant decline in Mining Products order intake reflects market softnessMining revenue decline of 13% primarily reflects timing of the execution of certain Mining Products or...
- ABGSC Capital Goods Research
- Peter Sehested
Full year 2024 financial guidance updated; Mining revenue guidance low...
Full year 2024 financial guidance updated; Mining revenue guidance lowered, driven by Products, while the Adjusted EBITA margin guidance for both Mining and Cement is raised as a result of strong strategy execution COMPANY ANNOUNCEMENT NO. 9-20247 August 2024, Copenhagen, Denmark Full year 2024 financial guidance updated; Mining revenue guidance lowered, driven by Products, while the Adjusted EBITA margin guidance for both Mining and Cement is raised as a result of strong strategy execution Today, FLSmidth announces preliminary and unaudited financial results for Q2 2024 and H1 202...
FLSmidth to deliver thickeners and filters to a large, greenfield lith...
FLSmidth to deliver thickeners and filters to a large, greenfield lithium plant in the US PRESS RELEASE 30 July 2024, Copenhagen, Denmark This new FLSmidth order will contribute to an increased supply of lithium, which is required for electric vehicle battery production. Based on extensive ore testing and preliminary equipment designs, the technologies that FLSmidth will deliver will help reduce operating costs for the customer. The order is valued at approximately DKK 340 million and was booked in Q3 2024. The FLSmidth equipment is due to be delivered during 2025/2026 and will pro...
- Tomi Railo
FLSmidth (Buy, TP: DKK420.00) - Still-soft mining
Ahead of Q2 results, we have lowered our 2024–2026e clean EPS by c2% on average and our target price to DKK420 (440). We reiterate our BUY. Our Q2e orders, sales and clean EBITA are below post-Q1 consensus, which we believe is being adjusted downwards, mainly due to lack of order announcements for Q2.
- ABGSC Capital Goods Research
- Peter Sehested
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