FLSmidth shares fall on CEO departure

FLSmidth & Co. A/S

17/11/2025 08:29

** Shares in Danish industrial company FLSmidth & Co FLS.CO fall 4.6% after it announced CEO Mikko Keto would be stepping down and leaving

** Jefferies sees the departure as "a disappointment and a frustration for the market" after Keto's "successful" four-year turnaround plan

** As a result, the company postponed its March Capital Markets Day to later in 2026; Jefferies previously viewed the event as a stock catalyst

** CMD was expected to detail new margin targets and growth strategy, Jefferies adds

(Reporting by Agnieszka Olenska)

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