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
World Cement Podcast
In the latest episode of the World Cement Podcast, we are joined by Eoin Condren, Corporate Development Executive Director for Ecocem. Topics covered include: the importance of investing in innovation, the role of policy and legislation in supporting next generation cement products, and a look at some exciting new technologies.
World’s largest calcined clay plant in Ghana starts production
Heidelberg Materials and CBI Ghana Ltd have completed the construction of the largest industrial-scale flash calciner for clay worldwide.
