FLSmidth cement business is stable
Published by Jonathan Rowland,
Editor
World Cement,
FLSmidth’s cement business outlook remains stable, according to CEO Thomas Schulz, who was commenting on the company’s latest quarterly results. The company reported order intake of DKK7.2 billion in 3Q18, including DKK1.9 billion for two cement plants in Central America.
“Our strong order intake paves the way for advances in both revenue and earnings in the coming years," said Schulz.
Quarterly revenue was DKK4.3 billion – an increase of 6% on the same period last year. Earnings were up 4% at DKK350 million, as a result of the higher revenue. 3Q18 profit was DKK162 million, jumping from DKK23 million in 3Q17.
"We've registered a positive trend in mining and are pleased to report strong financial performance,” concluded Schulz. “The outlook for our Cement business is stable, but we have taken action to improve efficiency. We continue assisting our customers in their constant pursuit of enhancing productivity."
Read the article online at: https://www.worldcement.com/product-news/07112018/flsmidth-cement-business-is-stable/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Heidelberg Materials unveils CCS facility in Norway
Festive opening of Brevik CCS in Norway, the world’s first industrial-scale carbon, capture, and storage (CCS) facility in the cement industry.
