Brief: FLSmidth Guidance For 2024 Is Maintained

FLSmidth & Co. A/S

15/05/2024 07:00

May 15 (Reuters) - FLSmidth & Co A/S  FLS.CO :
    * Q1 SERVICE REVENUE DECREASED BY 19% DUE TO DIVESTMENTS OF
AFT
AND MAAG BUSINESSES 
    * Q1 SERVICE ORDER INTAKE DECREASED BY 8%, DRIVEN BY
RELATIVELY
LOWER ORDER INTAKE FOR BOTH MINING AND CEMENT BUSINESSES 
    * FINANCIAL GUIDANCE FOR 2024 IS MAINTAINED
    * Q1 REVENUE DKK 4,839 MILLION VERSUS DKK 5,334 MILLION SEEN
IN
LSEG POLL
    * Q1 EBIT DKK  305 MILLION VERSUS DKK 323.84 MILLION SEEN IN
LSEG
POLL
    * Q1 ORDER INTAKE DKK 5,248 MILLION VERSUS  DKK 5,632
MILLION YEAR
AGO
    * MINING: WE CONTINUE TO OBSERVE A STABLE SERVICE MARKET,
WHILE
SOFTNESS IN THE PRODUCTS MARKET PERSISTS
    * CEMENT: FOLLOWING A MIXED YEAR FOR CEMENT INDUSTRY IN
2023, Q1
2024 HAS SHOWN SOME PROMISE, AS CEMENT DEMAND GROWS ALONGSIDE
INFRASTRUCTURE INVESTMENTS IN ASIA, THE AMERICAS AND THE MIDDLE
EAST
    * Q1 PRODUCTS ORDER INTAKE DECREASED BY 5% DRIVEN BY LOWER
CEMENT
PRODUCTS ORDERS


Further company coverage:  FLS.CO 

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