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 firstname.lastname@example.org or Group Communications email@example.com who will help you to get in contact with Management.
Q: How many employees does FLSmidth & Co. have?
A: FLSmidth & Co. had 12,187 employees at 31 December 2016.
Q: What are the main activities of FLSmidth & Co.?
A: FLSmidth is a market-leading supplier of equipment and services to the global minerals and cement industries. FLSmidth supplies everything from single machine units to complete minerals and cement flowsheets including associated services.
Q: What is the vision of FLSmidth & Co.?
A: It is the vision of FLSmidth & Co. to be our customer's preferred full-service provider of services and sustainable minerals and cement technologies.
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), Torkil Bentzen (Vice Chairman), Marius Jacques Kloppers, Richard Robinson Smith (Rob Smith), Sten Jakobsson, Tom Knutzen, Caroline Grégoire Sainte Marie, Mette Dobel, Søren Quistgaard Larsen and Jens Peter Koch.
Go to board of directors >>
Q: Who is in Group Management in FLSmidth & Co.?
A: Thomas Schulz (Group CEO), Lars Vestergaard (Group Executive Vice President & CFO), Bjarne Moltke Hansen (Group Executive Vice President), Manfred Schaffer (Group Executive Vice President), Brian M. Day (Group Executive Vice President), Per Mejnert Kristensen (Group Executive Vice President) and Virve Elisabeth Meesak (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 Senior Vice President, Investor Relations, Pernille Friis Andersen, e-mail: firstname.lastname@example.org or Investor Relations Officer, Nicolai Mauritzen, e-mail: email@example.com.
Q: Who should I contact for general non-shareholder questions?
A: Please feel free to contact Senior Vice President, Investor Relations, Pernille Friis Andersen, e-mail: firstname.lastname@example.org
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 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 email@example.com.
Q: Who should I contact for questions in relation to the Annual General Meeting?
A: For any questions in relation to the Annual General Meeting please contact Senior Vice President, Investor Relations, Pernille Friis Andersen, e-mail: firstname.lastname@example.org or Investor Relations Officer, Nicolai Mauritzen, e-mail: email@example.com.
Q: When and where will the Annual General Meeting take place?
A: The next Annual General Meeting will be held on 30 March 2017 at the Tivoli Hotel and Congress Center in Copenhagen.
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 31 March 2017. The dividend record date is 3 April 2017 and dividend (if decided) will be paid on 4 April 2017.
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 51,250,000 outstanding shares. To read more about the shares click here >>
Q: How many shareholders does FLSmidth & Co. have?
A: FLSmidth had approximately 39,000 registered shareholders at the end of 2016. In addition, some 1,500 present and former employees hold shares in the company.
Q: Who are FLSmidth & Co.'s largest shareholders?
A: Novo A/S on behalf of Novo Nordisk Fonden has reported a shareholding exceeding 10% and Lundbeckfond Invest A/S has also reported a shareholding exceeding 10%.
Q: How large is FLSmidth & Co.'s holding of treasury shares?
A: FLSmidth & Co.'s holding of treasury shares represents approximately 4.4% 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.
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 financial targets?
A: At FLSmidth, we take a conservative approach to capital structure, with an emphasis on low debt, gearing and risk. We protect our financial strength and freedom to determine the right mix of investments, M&A and dividends, and we continuously optimise our capital structure in a spirit of adaptability and urgency.
Long-term financial goals for FLSmidth subject to normalised market conditions:
|Annual Growth in revenue
||Above the market average
|Financial gearing NIBD/EBITDA
||30-50% of the profit of the year
Divisional long-term financial targets:
(over the cycle)
(over the cycle)
|Net working capital
(as pct. of revenue)
| Customer Services
| Product Companies
Q: What is FLSmidth & Co.'s outlook for 2017?
A: The guidance for 2017 is as follows:
Q: What were FLSmidth & Co.'s results in 2016?
1) Updated in August 2016 (Announced in February 2016)
2) At prevailing currency rates
A: They were as follows:
Revenue DKK 18,192m
EBITA DKK 1,289m
Profit/loss for the year DKK 522m
CFFO DKK 1,447m
Free cash flow DKK 1,253m
Number of employees 12,187
Please click here
for link to the Annual Report 2015