FLSmidth reported FY15 revenue slightly above market expectations, while EBIT was in line and the net result was below expectations, impacted by financial expenses. Q4 15: * Revenues down by 6% yoy to DKK5,297m with organic growth down by 11% * Order intake down by 1% yoy to DKK3,691m * Gross margin at 23.7%, up from 22.5% at Q4 14 (adjusted gross margin at 24.9%) * EBITA down by 8%, reported at 7.2% including a DKK89m one-off (vs 7.4% in Q4 14) * Order backlog down by 16% FY15 * Order intake
12 Feb 2016
Not as bad as feared
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Not as bad as feared
FLSmidth & Co. A/S (FLS:CSE) | 0 0 2.7% | Mkt Cap: 20,254m
- Published:
12 Feb 2016 -
Author:
Lionel Pellicer -
Pages:
3
FLSmidth reported FY15 revenue slightly above market expectations, while EBIT was in line and the net result was below expectations, impacted by financial expenses. Q4 15: * Revenues down by 6% yoy to DKK5,297m with organic growth down by 11% * Order intake down by 1% yoy to DKK3,691m * Gross margin at 23.7%, up from 22.5% at Q4 14 (adjusted gross margin at 24.9%) * EBITA down by 8%, reported at 7.2% including a DKK89m one-off (vs 7.4% in Q4 14) * Order backlog down by 16% FY15 * Order intake