News & Press

FLSmidth engages in active communication with the company's stakeholders.

Men on cement plant site

Company Announcements

FLSmidth is continuously negotiating many potential contracts. To be considered binding, such contracts require not only signing but also exchange of down payment and guarantees.

Arbitration award received


Company Announcement to the Danish Financial Supervisory Authority No. 35-2013, 4 December 2013.

An ICC (International Chamber of Commerce) arbitration has been concluded in a case between MT Højgaard A/S and FLSmidth A/S dating back to 2004.

Much to the surprise of FLSmidth and contrary to expectations the ICC arbitration award renders FLSmidth liable to pay a significant higher compensation than expected and reserved for.       

The arbitration award states that FLSmidth A/S must compensate MT Højgaard A/S for some of the costs resulting from the delays at the English cement plant Buxton in 2004.

According to the arbitration award FLSmidth A/S is to pay partial compensation and interest plus part of the costs of the proceedings to MT Højgaard A/S.

The impact on FLSmidth & Co. A/S' financial statements amounts to a net effect of approx. DKK -160m on EBITA and DKK -120m on profit after tax, which will be booked in Q4 2013, and a net cash effect which amounts to approx. DKK -170m.

The Group's guidance for 2013 will be affected by the award. Consequently, the EBITA margin for 2013 is expected to be 3.5-4.5% (previous guidance 4-5%).


Please address any questions regarding this announcement to Group Executive Vice President and CFO Ben Guren, FLSmidth & Co. A/S at +45 36 18 18 00.

For further information about FLSmidth, please visit

Yours faithfully

Pernille Friis Andersen
Corporate Communications & Investor Relations