Brief: FLSmidth Updates 2024 Guidance: Cuts Mining Revenue, Hikes Group EBITA Margin

FLSmidth & Co. A/S

07/08/2024 13:26

Aug 7 (Reuters) - FLSmidth & Co A/S  FLS.CO :
    * FULL YEAR 2024 FINANCIAL GUIDANCE UPDATED; MINING REVENUE
GUIDANCE LOWERED, DRIVEN BY PRODUCTS, WHILE ADJUSTED EBITA
MARGIN GUIDANCE FOR BOTH MINING AND CEMENT IS RAISED AS A RESULT
OF STRONG STRATEGY EXECUTION
    * WE EXPECT SHORT-TERM OUTLOOK FOR CEMENT INDUSTRY TO REMAIN
IMPACTED BY MACROECONOMIC UNCERTAINTY
    * Q2 REVENUE DKK 5.0 BILLION
    * WE EXPECT MINING SERVICE MARKET TO REMAIN STABLE,
    * Q2 ADJUSTED EBITA MARGIN DKK 10.2%
    * Q2 ORDER INTAKE DKK 4.4 BILLION
    * Q2 REVENUE VIEW DKK 5.30 BILLION -- LSEG IBES DATA
    * MINING OUTLOOK 2024: REVENUE OF APPROX DKK 15.5 BILLION
(PREV
RANGE OF DKK 16-17 BILLION)
    * OUTLOOK 2024: ADJUSTED EBITA MARGIN 10.0-11.0% (EARLIER
VIEW:
9.0-10.0%)
    * GUIDANCE 2024: GROUP REVENUE (DKK BILLION) AROUND 20.0
(PREVIOUSLY 20.0-21.5)
    * MINING OUTLOOK 2024: ADJUSTED EBITA MARGIN IN RANGE OF
12.5-13%
(PREV RANGE 11.5-12.5%)
    * OUTLOOK 2024: GROUP EBITA MARGIN 8.5-9.5% (PREVIOUS RANGE
7.5-8.5%)

Source text for Eikon:  ID:nGNE4PK7p6 
Further company coverage:  FLS.CO 

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