FLSmidth reported DKK5,381m in Q2 revenue corresponding to a 4% increase yoy (but -6% organically including -23% for minerals) while order intake grew 13% to DKK5,259m (of which +1% organic including +76% in cement and -14% in minerals and Customer services) while the backlog decreased 17%. The EBITA decreased 14% to DKK395m (versus Q2 14 DKK457m), corresponding to a margin of 7.3% (versus Q2 14 8.8%) including a -14.9% margin for minerals, +6.2% for Cement and +14.3% margin for Customer serv
27 Aug 2015
Profit warning amidst poor outlook on mining demand
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Profit warning amidst poor outlook on mining demand
FLSmidth & Co. A/S (FLS:CSE) | 0 0 2.7% | Mkt Cap: 20,254m
- Published:
27 Aug 2015 -
Author:
Lionel Pellicer -
Pages:
2
FLSmidth reported DKK5,381m in Q2 revenue corresponding to a 4% increase yoy (but -6% organically including -23% for minerals) while order intake grew 13% to DKK5,259m (of which +1% organic including +76% in cement and -14% in minerals and Customer services) while the backlog decreased 17%. The EBITA decreased 14% to DKK395m (versus Q2 14 DKK457m), corresponding to a margin of 7.3% (versus Q2 14 8.8%) including a -14.9% margin for minerals, +6.2% for Cement and +14.3% margin for Customer serv