reports
FLSmidth announces share buy-back programme of up to DKK 1.4 billion
FLSmidth announces share buy-back programme of up to DKK 1.4 billion COMPANY ANNOUNCEMENT NO. 11-2025 FLSmidth & Co. A/S 20 June 2025 Copenhagen, Denmark FLSmidth & Co. A/S (“FLSmidth”) today announces a share buy-back programme of up to DKK 1.4 billion to be completed before the next Annual General Meeting, which is expected to be held on 24 March 2026. This marks the company’s first share buy-back programme since 2012. ObjectiveThe company’s decision to initiate a share buy-back programme is supported by a significantly stronger and more stable financial performance (ref. Company A...
FLSmidth signs agreement to divest its Cement business to become a pur...
FLSmidth signs agreement to divest its Cement business to become a pure-play supplier of technology and services to the mining industry COMPANY ANNOUNCEMENT NO. 10-2025 FLSmidth & Co. A/S20 June 2025 Copenhagen, Denmark Today, FLSmidth announces that it has entered into an agreement to divest its Cement business to an affiliate of Pacific Avenue Capital Partners, a global private equity firm focused on carve-outs and other complex transactions, for a total initial consideration of EUR 75 million, corresponding to approximately DKK 550 million (Enterprise Value), plus a conditional deferre...
FLSmidth signs agreement to sell its corporate headquarters for a tota...
FLSmidth signs agreement to sell its corporate headquarters for a total net cash gain of DKK 730 million COMPANY ANNOUNCEMENT NO. 9-2025 FLSmidth & Co. A/S17 June 2025Copenhagen, DenmarkToday, FLSmidth has entered into a share purchase agreement with Nrep and AG Gruppen (collectively ‘the buying party’) to dispose all shares in FLSmidth’s subsidiary ‘Matr. No 2055 A/S’ owning land and buildings located on Vigerslev Allé 77 in Valby, Denmark.This announcement marks a major milestone in FLSmidth’s long history at Vigerslev Allé in Valby, Copenhagen, where the company has been based since 1899...
FLSmidth announces changes to Group Executive Management
FLSmidth announces changes to Group Executive Management PRESS RELEASE FLSmidth & Co. A/S3 June 2025, Copenhagen, DenmarkFLSmidth announces that Mikko Tepponen, Chief Digital Officer & Chief Operations Officer, has decided step down from his position to pursue an opportunity outside of the company. Mikko joined FLSmidth in mid-2020 and his last day with FLSmidth will be at the end of June 2025. We are continuing to implement our new corporate model. As part of this process, the role of Chief Digital Officer & Chief Operations Officer will be eliminated. Consequently, the respective responsi...
FLS acquires South African manufacturing facility to strengthen its re...
FLS acquires South African manufacturing facility to strengthen its regional presence PRESS RELEASE FLSmidth & Co. A/S2 June 2025, Copenhagen, DenmarkLeading mining technology and service supplier FLS has acquired Scott Specialized Rubber & Engineering (SSRE), a manufacturing company based in Pretoria, South Africa. SSRE manufactures and markets specialised, heavy-duty rubber products for a variety of industries, including for mineral processing. The acquisition of SSRE directly supports FLS’s CORE’26 strategy, which prioritises service growth through targeted investments. As the global lea...
- ABGSC Consumer Goods Research
- Benjamin Wahlstedt
- Mikkel Kousgaard Rasmussen
Toni Laaksonen confirmed to join FLSmidth on 1 June 2025 as President,...
Toni Laaksonen confirmed to join FLSmidth on 1 June 2025 as President, Mining Service Business Lines PRESS RELEASE FLSmidth & Co. A/S15 May 2025, Copenhagen, DenmarkAs announced on 18 February 2025, FLSmidth has appointed Julian Soles as President, Mining Products Business Line, and Toni Laaksonen as President, Mining Service Business Line. While Julian Soles officially started with FLS on 1 May 2025, Toni’s start date was yet to be announced. It has now been confirmed, and Toni will start on 1 June 2025. Contacts:MediaJannick Denholt, , Investor RelationsAndreas Holkjær, , Jannick Denhol...
FLSmidth & Co. A/S: Better-than-expected Q1 2025, with a strong financ...
FLSmidth & Co. A/S: Better-than-expected Q1 2025, with a strong financial performance in Mining driving an upgraded full-year guidance COMPANY ANNOUNCEMENT NO. 8-2025FLSmidth & Co. A/S 14 May 2025Copenhagen, DenmarkToday, the Board of Directors of FLSmidth have approved the Q1 2025 Interim Financial Report.Highlights in Q1 2025:14% increase in Mining Service revenue driven by effective backlog management and order executionMining Adjusted EBITA margin of 15.1% reflecting continued profitability improvementsNegative growth in Cement order intake and revenue continue to reflect de-risking and...
FLSmidth & Co. A/S: Better-than-expected Q1 2025, with a strong financ...
FLSmidth & Co. A/S: Better-than-expected Q1 2025, with a strong financial performance in Mining driving an upgraded full-year guidance COMPANY ANNOUNCEMENT NO. 8-2025FLSmidth & Co. A/S 14 May 2025Copenhagen, DenmarkToday, the Board of Directors of FLSmidth have approved the Q1 2025 Interim Financial Report.Highlights in Q1 2025:14% increase in Mining Service revenue driven by effective backlog management and order executionMining Adjusted EBITA margin of 15.1% reflecting continued profitability improvementsNegative growth in Cement order intake and revenue continue to reflect de-risking and...
FLSmidth raises its full-year 2025 financial guidance
FLSmidth raises its full-year 2025 financial guidance COMPANY ANNOUNCEMENT NO. 7-2025FLSmidth & Co. A/S 14 May 2025Copenhagen, DenmarkOn the back of a strong financial performance in the Mining business in the first quarter of 2025, FLSmidth raises its financial guidance for the full year 2025.The Adjusted EBITA margin in the Mining business is now expected to be in the range of 14.0% to 14.5% (previously 13.5% to 14.0%).Consequently, the Adjusted EBITA margin for the Group is now expected to be in the range of 13.0% to 13.5% (previously 12.5% to 13.0%). Further, the EBITA margin for the Gr...
FLS to deliver full flotation technology package to one of the world’s...
FLS to deliver full flotation technology package to one of the world’s largest and most efficient iron ore beneficiation plants PRESS RELEASE FLSmidth & Co. A/S13 May 2025, Copenhagen, DenmarkA progressive Indian miner and steelmaker has selected FLS to supply a full flotation technology package for what is set to become one of the world’s largest, most efficient and sustainable iron ore beneficiation plants globally. The plant will be fed with domestic, low grade iron ore where the FLS flotation system will upgrade it to a final product that will be amongst the purest and highest-grade iro...
- Jørgen Lian
Wallenius Wilhelmsen ASA (Buy, TP: NOK87.00) - Still-attractive value
We have cut our near-term forecast to reflect heightened uncertainty and more cautious full-year guidance, but remain confident that the majority (79%) of the current market cap should be derisked by end-2027e, leaving an attractive stub value for the long-term business potential in the world-leading car carrier. We reiterate our BUY, but have cut our target price to NOK87 (91).
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
- ABGSC Shipping & Transport Research
- Martin Mauseth
- Oliver Dunvold
- Petter Haugen
- ABGSC Consumer Goods Research
- Benjamin Wahlstedt
- Mikkel Kousgaard Rasmussen
- ABGSC Healthcare Research
- Morten Larsen
- ABGSC Consumer Goods Research
- Benjamin Wahlstedt
- Mikkel Kousgaard Rasmussen
- Helene Kvilhaug Brøndbo
Hexagon Purus (No_rec, TP: NOK) - In rough waters
Hexagon Purus’s weak Q1 results underpinned the stark market challenges for its hydrogen- and battery-related businesses. Seeing a liquidity runway into Q2 2026 at the current underlying cost base, we welcome the company’s aim of further cost cuts to preserve cash, and hope to see the results of the ongoing portfolio review soon. However, we still believe a restructuring of the company’s NOK2.1bn in convertible debt is needed. We have cut our 2025e EBITDA by 5% on the weaker-than-expected Q1 res...
- ABGSC Healthcare Research
- Morten Larsen
- ABGSC Consumer Goods Research
- Benjamin Wahlstedt
- Mikkel Kousgaard Rasmussen
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