About the Share

FLSmidth & Co A/S has been listed on NASDAQ OMX Copenhagen since 1968. FLSmidth & Co.'s share capital consists of 51,250,000 shares of DKK 20 nominal value each.

About the FLSmidth share

Financial Objectives

Here you can find FLSmidth's guidance and long-term financial targets.

Financial Objectives FLSmidth

Group guidance:


Realised Q1 2018

 Guidance 2018   

Revenue (DKK bn) 4.2  18-20
EBITA margin    8.1%   8-10% 
ROCE 10.4%   10-12% 

Long-term financial targets for FLSmidth subject to ­normalised market conditions

Annual growth in revenue:      Above market average    
EBITA margin:    10-13%
ROCE: >20%
Financial gearing NIBD/EBITDA:      <2
Equity ratio:  >30% 
Pay-out ratio:  30-50% of the profit for the year 

Divisional long-term financial targets:


(over the cycle)

(over the cycle)

Net working capital
(as pct. of revenue)

 Customer Services  5-10% >15%  15-20%
 Product Companies  5-10%  12-15%  ~15%
 Minerals  5-6%  3-8%  Negative
 Cement  3-5%  3-8%  Negative