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FLSmidth Company Announcements

Interim report 1 January to 30 june 2006 for FLSmidth & Co. A/S

17.08.2006
Message to the Copenhagen Stock Exchange, No. 27 - 2006, 17 August
2006

The Board of Directors of FLSmidth & Co. A/S has today reviewed and
approved the Interim Report for January - June 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 full report is accessible via the Internet at:

http://www.flsmidth.com/flsmidth/english/investor/reports/default.asp


The main conclusions are as follows:
 
Developments in the first half of 2006
 
-  The order intake rose 73% to DKK 11,279m, up from DKK 6,519m in the first half of 2005.
 
-  The turnover rose 13 % to DKK 5,305m, up from DKK 4,683m in the first half of 2005.
 
-  Earnings before interest and tax (EBIT) rose 76% to DKK 266m, up from DKK 151m in the first half of 2005.
 
-  Earnings before tax (EBT) rose 23 % to DKK 293m from DKK 238m in the first half of 2005.
 
-  Cash flows from operating activities (continuing activities) amounted to DKK 268m in the first half of 2006 as against DKK 607m in the first half of 2005.
 
 
Prospects for 2006
 
-  The expectations for the cement market in 2006 have been upgraded from the previously announced estimate of 65m tonnes per year to approx. 100m tonnes per year new contracted cement kiln capacity (exclusive of China).
 
 
FLSmidth & Co. upgrades its expectations for the year's turnover and financial result:
                                              
-  Consolidated turnover: DKK 12.5-13.5bn (previous expectation: DKK 11-12bn)
 
-  Earnings before interest and tax (EBIT): DKK    625-675m (previous expectation: DKK 525-575m)
 
-  Earnings before tax (EBT): DKK 650-700m (previous expectation: DKK 550-600m)            
 
 
Please address any questions regarding this announcement to Mr. Jørgen Huno Rasmussen, Group CEO, telephone +45 36 18 18 00.
 
An investor meeting regarding the Interim Report will be held today at 15.00 hours CET at our head quarters in Valby ('Biografsalen' - Building E).
The investor meeting will be video-webcast live at www.flsmidth.com and it will be possible to ask questions by telephone at the meeting. For further details, please visit www.flsmidth.com
 
FLSmidth electronic interim report
All content is interactive on the website. Numbers and tables can easily be downloaded in Excel format and the search function enables you to search for single numbers and words. 
 
 
 
FLSmidth & Co. A/S
Corporate Public Relations