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FLSmidth cement business is stable

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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."

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FLSmidth news Cement news 2018