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FLSmidth & Co. is a project and service focused engineering business with a unique global market position and strong potential for growth.

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

FLSmidth Company Announcements

Interim report 1 January to 31 March 2005 for FLSmidth & Co. A/S

Message to the Copenhagen Stock Exchange, No. 17 - 2005, 23 May 2005

The Board of Directors of FLSmidth & Co. A/S has today reviewed and adopted the report and accounts for the first three months of 2005. The Report is unaudited.
The full report is accessible via the Internet at:
The main conclusions are as follows:
Development in earnings (continuing activities)
- In the first quarter of 2005, the turnover increased by 5% to DKK 2,209m from DKK 2,112m in the first quarter of 2004.
- Earnings before interest and tax (EBIT) increased to DKK 25m from DKK 7m in the first quarter of 2004.
- Earnings before tax (EBT) increased to DKK 50m from DKK -10m in the first quarter of 2004.
- The order intake increased by 31% to DKK 3,311m from DKK 2,534m in the first quarter of 2004.
- Cash flow from operating activities increased to DKK 124m from DKK -130m in the first quarter of 2004.
- The expectations for the cement market in 2005 are upgraded from the previous figure of 30-35 tonnes per year to 50-55 million tonnes per year of new contracted cement kiln capacity.
Prospects for 2005
FLSmidth & Co. upgrades its expectations to the year's financial result and now expects:
- Consolidated turnover approx. DKK 10bn (unchanged)
- Earnings before interest and tax (EBIT) DKK 170-220m
 (previous expectation: DKK 150-200m)
Earnings before tax (EBT) DKK 220-280m
 (previous expectation: DKK 200-260m)
Change of accounting policies
The accounting policies have been changed with effect from 1 January 2005 to comply with the International Financial Reporting Standards (IFRS).
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