FLSmidth released its Q2 2016 with revenue down 19% to DKK4,135m. Gross profit followed the same trend reaching DKK1,078m. EBITDA decreased even further to DKK340m (-34% yoy) as well as EBIT reaching DKK177m (-45% yoy). Also, the net profit in Q2 reached DKK97m which is less than half what it was one year before. The good news comes from FCF which is positive again to DKK60m (-DKK105m one year earlier). However order intake has decreased to DKK4,345m (-17% yoy) and the order backlog decreases
19 Aug 2016
Troubled time
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Troubled time
FLSmidth & Co. A/S (FLS:CSE) | 0 0 2.7% | Mkt Cap: 20,254m
- Published:
19 Aug 2016 -
Author:
Lionel Pellicer -
Pages:
2
FLSmidth released its Q2 2016 with revenue down 19% to DKK4,135m. Gross profit followed the same trend reaching DKK1,078m. EBITDA decreased even further to DKK340m (-34% yoy) as well as EBIT reaching DKK177m (-45% yoy). Also, the net profit in Q2 reached DKK97m which is less than half what it was one year before. The good news comes from FCF which is positive again to DKK60m (-DKK105m one year earlier). However order intake has decreased to DKK4,345m (-17% yoy) and the order backlog decreases