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 13,204 employees at the end of 2011.
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), Martin Ivert, Jesper Ovesen, Sten Jakobsson, Tom Knutzen, Caroline Grégoire Sainte Marie, Frank Lund, Jens Palle Andersen and Mette Dobel.
Go to board of directors >>
Q: Who is in Group Management in FLSmidth & Co.?
A: Jørgen Huno Rasmussen (CEO), Ben Guren (Group Executive Vice President and CFO), Bjarne Moltke Hansen (Group Executive Vice President), Christian Jepsen (Group Executive Vice President), Peter Flanagan (Group Executive Vice President) and Per Mejnert Kristensen (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 Solvej M. Gosmer on + 45 3618 1876.
Q: When and where will the Annual General Meeting take place?
A: The 2012 Annual General Meeting was held on 30 March 2012. The next meeting has not been accounced yet.
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 April 2012 and dividend will be paid on 10 April 2012.
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 56,800 registered shareholders at the end of 2011.
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 1.7% 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: 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.
We pursue growth through complementary acquisitions when a company within our core business can add new value, has a proven track record financially and technologically, and can improve our group EBITA margins. We are taking action to increase the speed at which we acquire and integrate.
We pursue organic growth within our existing focus areas. However, all growth must contribute to value creation through sales and product synergies in accordance with our full service life-cycle strategy. In cement, our primary focus is market share retention and leveraging our large installed base. In minerals, we will focus on key industries that offer the greatest potential, optimising the flowsheet and capturing our share of market growth.
In connection with the launching of a new Group strategy new long-term financial goals for the FLSmidth Group subject to normalisation of the markets are being announced:
| Annual Growth in revenue |
Above the market average |
| Operating profit before amortisation (EBITA margin) |
10-13% |
| Tax rate |
30-32% |
| Equity ratio |
>30% |
| Financial gearing NIBD/EBITDA |
<2 |
| Pay-out ratio |
30-50% of the profit of the year |
| Cash flow from investing activities (exclusive of aquisitions) |
DKK -700m to -900m |
Q: What is FLSmidth & Co.'s outlook for 2012?
A: In 2012, FLSmidth & Co. A/S still expects consolidated revenue of DKK 24-26bn exclusive of acquisitions (2011: DKK 22bn), an EBITA margin of minimum 10% (2011: 10.9%) and an EBIT ratio of 9-10% (2011: 9.9%).
The effect of purchase price allocations (exclusive of new acquisitions) is expected to be around DKK 220m in 2012 (2011: DKK 178m).
Cash flow from investing activities (exclusive of acquisitions) is expected to be around DKK -900m in 2012 (2011: DKK -733m) due to the investment in eight supercentres and the expansion of activities in India and China.
The effective tax rate is expected to be approximately 30-32% in 2012 (2011: 31%) and tax payable slightly lower.
Q: What were FLSmidth & Co.'s results in 2011?
A: They were as follows:
Revenue DKK 21,998m
EBIT-result DKK 2,171m
Profit/loss for the year DKK 1,437m
CFFO DKK 1,148m
CFFI DKK (1,648)m
Number of employees 13,204
Please click here for link to the Annual Report 2011