FLSmidth reported Q3 18 figures which were above expectations on order intake but unimpressive on the operating side. Q3 18 order intake grew by 71%, mainly driven by Cement (+159%), while Mining orders grew double-digit yoy (+19%). Q3 18 revenues came in at DKK4.3bn, up +6% yoy, while the gross margin was unchanged at 26.0%. EBITA climbed +4% from DKK336m to DKK350m in Q3 18 and corresponding to an 8.1% margin (versus 8.2% last year). Net profit was DKK162m versus DKK23m.
