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FLSmidth Company Announcements

Interim Report for FLSmidth & Co. A/S 1 January to 31 March 2006

18.05.2006
Announcement to the Copenhagen Stock Exchange, No. 18 - 2006, 18 May 2006

The Board of Directors of FLSmidth & Co. A/S has today reviewed and approved the Interim Report for January - March 2006. The Interim Report is unaudited and is presented in accordance with IAS 34 and additional Danish information requirements regarding interim reporting of listed companies.
The Interim Report can be accessed via the FLSmidth web site:
 
The main conclusions of the Interim Report are as follows:
 
Developments in the first quarter of 2006
 
- The turnover rose 7% to DKK 2,356m, up from DKK 2,209m in the first quarter of 2005.
 
- Earnings before interest and tax (EBIT) rose to DKK 106m, up from DKK 25m in the first quarter of 2005
 
- Earnings before tax (EBT) rose to DKK 115m from DKK 50m in the first quarter of 2005
 
- The order intake rose 37% to DKK 4,534m, up from DKK 3,311m in the first quarter of 2005.
 
- Cash flows from operating activities rose to DKK 299m from DKK 124m in the first quarter of 2005
 
- The expectations for the cement market in 2006 have been upgraded from the previously announced approximately 50m tonnes per year to approximately 65m tonnes per year new contracted cement kiln capacity (exclusive of China).
 
 
Prospects for 2006
 
FLSmidth & Co. upgrades its expectations for the year's turnover and financial result:
 
- Consolidated turnover DKK 11 - 12bn (previous expectation: approx. DKK 11bn)
 
- Earnings before interest and tax (EBIT) DKK 525 - 575m (previous expectation: approx. DKK 525m)
 
- Earnings before tax (EBT) DKK 550 - 600m (previous expectation approx. DKK 550m)
 
A telephone conference regarding the Interim Report will be held today at 15.45 hours. For further details, please visit www.flsmidth.com.
 
FLSmidth's interactive electronic Interim Report
Via the web site you can download figures and tables in excel spreadsheet format, and via the search engine you can look for figures and texts across the entire Report.
 
 
FLSmidth & Co. A/S
Corporate Public Relations