FLS reported a 20% decrease yoy in the Q3 16 order intake to DKK4,133m but this included +16% yoy rise in services to DKK2,647m (the highest order intake for the service activities since early 2014). The order intake still suffers from weak demand in minerals (-61%) and products (-9%). At the same time, revenue was up 4% in Q3 16 yoy to DKK4,774m thanks to +60% in cement, partly offset by weak minerals (-11%) and customer services (-7%). EBIT was about flat yoy at DKK243m, corresponding to a
10 Nov 2016
A mixed bag with some positive developments
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A mixed bag with some positive developments
FLSmidth & Co. A/S (FLS:CSE) | 0 0 2.7% | Mkt Cap: 20,254m
- Published:
10 Nov 2016 -
Author:
Lionel Pellicer -
Pages:
3
FLS reported a 20% decrease yoy in the Q3 16 order intake to DKK4,133m but this included +16% yoy rise in services to DKK2,647m (the highest order intake for the service activities since early 2014). The order intake still suffers from weak demand in minerals (-61%) and products (-9%). At the same time, revenue was up 4% in Q3 16 yoy to DKK4,774m thanks to +60% in cement, partly offset by weak minerals (-11%) and customer services (-7%). EBIT was about flat yoy at DKK243m, corresponding to a