Highlights Order intake in Q2 increased by 5% to DKK4,580m on the back of continued strong momentum from service activities (c. 58% of total order intake vs. 56% in Q2 16). Q2 Revenue jumped by 11% to DKK4,585m, driven by all divisions except Minerals. The EBITA margin improved slightly to 7.5% (vs. 6.6% in Q2 16), despite negative one-off costs. CFFO in Q2 17 was in negative territory (-DKK44m) due to a sharp increase in NWC which is expected to reverse by the year end Net interest bearing d
10 Aug 2017
Q2 results fall short of expectations despite good momentum in services
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Q2 results fall short of expectations despite good momentum in services
FLSmidth & Co. A/S (FLS:CSE) | 0 0 2.7% | Mkt Cap: 20,254m
- Published:
10 Aug 2017 -
Author:
Lionel Pellicer -
Pages:
3
Highlights Order intake in Q2 increased by 5% to DKK4,580m on the back of continued strong momentum from service activities (c. 58% of total order intake vs. 56% in Q2 16). Q2 Revenue jumped by 11% to DKK4,585m, driven by all divisions except Minerals. The EBITA margin improved slightly to 7.5% (vs. 6.6% in Q2 16), despite negative one-off costs. CFFO in Q2 17 was in negative territory (-DKK44m) due to a sharp increase in NWC which is expected to reverse by the year end Net interest bearing d