FLSmidth Q3 miss, guidance adjustment sends shares down

FLSmidth & Co. A/S

12/11/2025 08:46

** FLSmidth & Co FLS.CO shares all around 6% after the Danish industrial company reported quarterly order intake below expectations and warned of project delays that affected its guidance

** FLSmidth Q3 total order intake of DKK 3,348 million  ($523 million) is 6% shy of consensus

** The miss was mainly in the Products division, confirming the company's view that a market recovery for large orders will not occur until the second half of 2026, says Jefferies

** FLSmidth narrows down its FY25 revenue guidance to around DKK 14.5 billion from DKK 14.5 billion-15.0 billion seen earlier

** It says the adjustment reflects the expectation of delayed project execution as well as adverse foreign exchange rate movements

** Shares are on track for its worst day since April 2025

($1 = 6.4029 Danish crowns)

 (Reporting by Agnieszka Olenska)

 ((Agnieszka.Olenska@thomsonreuters.com;))