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Announcements

Here you can read company announcements and press releases from FLSmidth.

FLSmidth Company Announcements

Sale of Aalborg Portland and Unicon now closed

29.10.2004
FLS Industries and the Italian cement group Cementir have now received all the official approvals of the sale of Aalborg Portland and Unicon. The parties have therefore today closed the sale, and the transfer of shares has been effected in accordance with the agreement signed (see Announcement to the Copenhagen Stock Exchange No. 22 - 12 August 2004). The deal is now binding and the acquisition is effective as from today.

The year's earnings forecast for the FLS Group as hitherto announced was based on the two building materials companies being in the Group's ownership for the whole year. Despite the fact that the sale is effected as from today's date - and that therefore, contrary to expectations, no earnings will accrue from the two companies for the two last months of the year - the FLS Group maintains its latest projection of consolidated earnings with EBITA (earnings before interest, tax and amortisation) at the level of DKK 400-500m, EBIT (earnings before interest and tax) at the level of DKK 300-400m, and EBT (earnings before tax) at the level of DKK 750-850m.

FLS Industries A/S
Corporate Public Relations