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FLSmidth publishes 3Q15 results

Published by
World Cement,


FLSmidth has posted a 7% decline in revenues for 3Q15, at DKK4609 million. Order intake was up 16% to DKK5151 million, while the order backlog decreased to DKK16 666 million. EBITA was down 27%, corresponding to a margin of 7.8%, while EBIT decreased 40% to DKK245 million. Group CEO Thomas Schulz commented: "With the 3rd quarter report published today, we showed that, despite a tough market environment, we delivered a solid performance, and we secured a strong order intake.”

Revenue for the year us expected to fall in the range of DKK19 – 21 billion with an EBITA margin of 7.5 – 8.5%.

Mr Schulz added: “The decision to divest bulk material handling and the transfer of the operation & maintenance business from Customer Services to the Cement Division, is one more step in preparing FLSmidth for the future."


Adapted from press release by

Read the article online at: https://www.worldcement.com/europe-cis/13112015/flsmidth-publishes-3q15-results-991/


 

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