FLSmidth rises on Q3 profit beat, outlook hike

FLSmidth & Co. A/S

12/11/2024 08:11

** Shares in FLSmidth  FLS.CO  rise 4% after the Danish 
engineering group's Q3 print beat market expectations and the
company revised its outlook 
    ** It now sees full-year group adjusted EBITA margin
guidance of 11.0% against earlier view of 10.0-11.0%
    ** Q3 adjusted EBITA came at DKK 636 million ($90.64
million), beating the DKK 528.5 million IBES estimate
    ** "Both the guidance uplift and a strong beat on margins
should be enough for shares today, despite a strong performance
YTD," J.P.Morgan says in a note
    ** If gains hold, the share is on track for its best day
since January, when it closed 5.7% higher


($1 = 7.0168 Danish crowns)

 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))