IR FAQ

General questions

Q: When was FLSmidth & Co. founded?
A: FLSmidth was founded in Denmark in 1882. Please click on the following link to read more about the history for FLSmidth & Co. Go to History of FLSmidth >>

Q: How do I get in contact with the Management of FLSmidth & Co.?
A: Please contact Investor Relations corpir@flsmidth.com or Corporate Communications corppr@flsmidth.com who will help you to get in contact with Management.

Q: How many employees does FLSmidth & Co. have?
A: FLSmidth & Co. had 12,145 employees at the end of Q2 2011.

Q: What are the main activities of FLSmidth & Co.?
A: FLSmidth & Co. A/S is a global engineering organisation based in Copenhagen Denmark. It provides the global cement and mineral industries with plants, machinery, services and know-how.

Q: What is the vision of FLSmidth & Co.?
A: It is the vision of FLSmidth & Co. to continuously strengthen the position as the preferred partner and leading supplier of equipment and services to the global cement and minerals industries.

Q: Where can I find FLSmidth & Co.'s articles of association?
A: The articles of association are available on the company website. Go to articles of association>>

Q: Who sits on the board of FLSmidth & Co.?
A: Vagn Ove Sørensen (Chairman), Jens Stephensen (Vice Chairman), Torkil Bentzen, Martin Ivert, Jesper Ovesen, Sten Jakobsson, Frank Lund, Jens Palle Andersen and Mette Dobel.
Go to board of directors >>

Q: Who is in Corporate Management in FLSmidth & Co.?
A: Jørgen Huno Rasmussen (CEO), Poul Erik Tofte (Group Executive Vice President and CFO), Bjarne Moltke Hansen (Group Executive Vice President) and Christian Jepsen (Group Executive Vice President)
Go to management >>

Q: Does FLSmidth & Co. have incentive programmes for management and staff?
A: Yes. A number of executive officers in the Group have been granted options to purchase shares in the company at a set price (strike price).
Please click to read more about incentive programmes >>

Q: Who should I contact regarding shareholder and investor relations related questions?
A: Please feel free to contact Head of Investor Relations & Corporate Communications Pernille Friis Andersen, e-mail: pefa@flsmidth.com.

Q: Who should I contact for general non-shareholder questions?
A: Please feel free to contact FLSmidth's Global Communications Manager, Jesper B. Larsen, e-mail: jebl@flsmidth.com.

FLSmidth & Co. shares

Q: How do I register my shares in FLSmidth & Co.?
A: Registration of shares is handled by one's own bank. Registered shareholders must register for the Annual General Meeting via FLSmidth's website.

Q: How do I receive a printed copy of the Annual Report?
A: A copy of the Annual Report may be obtained at the Company's address or ordered by e-mail: corpir@flsmidth.com , alternatively via the Company's website www.flsmidth.com.

Q: How do I receive an invitation and admission card to the Annual General Meeting?
A: Registered shareholders must register for the Annual General Meeting via FLSmidth's website. Admission cards to the Annual General Meeting can be obtained by contacting corpir@flsmidth.com or by calling Hanne Falshøj on +45 3618 1899 or Solvej M. Gosmer on + 45 3618 1876.

Q: When and where will the Annual General Meeting take place?
A: The Annual General Meeting will take place on 30 March 2012 at Radisson SAS Falconer Center, Falkoncer Allé 9, DK-2000 Frederiksberg. 

Q: When will the FLSmidth & Co. shares trade ex-dividend and when will dividend be paid?
A: FLSmidth & Co. shares will trade ex-dividend from 2 May 2011 and dividend will be paid on 5 May 2011.

Q: Where is FLSmidth & Co. shares listed?
A: FLSmidth & Co. shares are listed on NASDAQ OMX Nordic Exchange Copenhagen.

Q: What share classes does FLSmidth & Co. have?
A: FLSmidth & Co. has only one share class. Each share carries 20 votes.

Q: How many outstanding shares does FLSmidth & Co. have?
A: FLSmidth has 53,200,000 outstanding shares. To read more about the shares click here >>

Q: How many shareholders does FLSmidth & Co. have?
A: FLSmidth had 46,600 registered shareholders at the end of 2010.

Q: Who are FLSmidth & Co.'s largest shareholders?
A: At the moment, no shareholder holds more than 5% of the shares.

 
Q: How large is FLSmidth & Co.'s holding of treasury shares?
A: FLSmidth & Co.'s holding of treasury shares represents approximately 1.8% of the share capital.
 
Q: What is the dividend policy of FLSmidth & Co.?
A: It is FLSmidth's dividend policy to pay out 30-50% of the year's profit in dividend depending on the capital structure and investment opportunities.

Financials

Q: What accounting rules does FLSmidth & Co. follow?
A: As from 1st January 2005, FLSmidth & Co is reporting its accounts in accordance with International Financial Reporting Standards (IFRS).

Q: What is FLSmidth & Co.'s financial year?
A: The financial year of FLSmidth & Co. follows the calendar year.

Q: When does FLSmidth & Co. publish its financial results?
A: FLSmidt & Co. publishes its financial results on a quarterly basis. You can find the financial calendar on the Investor Room's front page. Go to Investor Room front page.

Q: How can I obtain information on FLSmidth & Co.'s latest results?
A: You can find information on FLSmidth & Co.'s results by going to the download centre, where you can access the latest financial reports. Please visit our download centre on the Investor Room's front page.

Q: What are FLSmidth & Co.'s long-term growth and earnings prospects?
A: It is still expected that particularly urbanisation and industrialisation in emerging markets will generate increasing demand for cement and minerals. In addition, there are a number of other structural conditions which are expected to result in increasing investments in the mining industry; they include underinvestment over a number of years, and the fact that the quality and accessibility of unexploited ore deposits are decreasing, thereby contributing to a higher demand for minerals handling and extraction equipment.

The long-term sustainable level for addition of new global cement kiln capacity (exclusive of China) is expected to be 60-75m tonnes per year on average.

Earnings from Customer Services in both Cement and Minerals over the coming years are expected to account for an increasing proportion of the Group's total earnings. This also applies to the Minerals segment as a whole. In the light of these facts the Group expects its EBIT ratio to be 10-12% in periods of high activity and 8-9% in periods of low activity, bearing in mind that FLSmidth's business is of a late cyclical nature. The effect of purchase price allocations regarding GL&V Process is in future expected to be around DKK -100m per year.

Annual investments (exclusive of acquisitions) are expected both in 2011 and in the next few years to be in the range of DKK 900m driven by continuing good prospects of organic growth.

Q: What is FLSmidth & Co.'s outlook for 2011?
A: The expectations for the cement market in 2011 are adjusted downwards to around 55m tonnes per year new contracted cement kiln capacity worldwide (exclusive of China) (previous guidance approximately 65m tonnes per year), due to growth pause in India.

FLSmidth & Co. guidance for consolidated revenue in 2011 is now specified at DKK 21.5-22bn (previous guidance DKK 21-22bn) and guidance for the EBIT ratio is maintained at 9-10%
 

The prospects of the individual business areas in 2011 are as follows:

The effect of purchase price allocations regarding GL&V Process is expected to amount to approximately DKK -90m in 2011 in the form of amortisation of intangible assets.

In 2011, the effective tax rate is expected to be around 30%.

Cash flow from investing activities (exclusive of acquisitions) is expected to be around DKK -900m in 2011.

Q: What were FLSmidth & Co.'s Q2 results in 2011?
A: They were as follows:
Revenue DKK 5,532m
EBIT-result DKK 592m
Profit/loss for the period DKK 403m
CFFO DKK 563m
CFFI DKK (846)m
Number of employees 12,716
Please click here for link to 3rd quarterly report 2011.