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:

 

Guidance1)  
2016

Realised 2016   

Guidance    
2017
Revenue 17-18bn (17-20bn)   18.2bn   17-19bn2)
EBITA margin    7-8% (7-9%)   7.1%    7-9%
ROCE 8-9% (8-10%)   8.5%    8-10%


1) Updated in August 2016 (Announced in February 2016)
2) At prevailing currency rates


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:
 

 

Growth
(over the cycle)

EBITA%
(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