Новости и пресса

FLSmidth активно поддерживает связь с акционерами. В данном разделе Вы можете найти новости компании и объявления, а также публикации для клиентов и информацию, которая Вам поможет при написании статей о компании FLSmidth или о наших технологиях.

Men on cement plant site

Объявления компании

FLSmidth постоянно ведет переговоры по многим проектам. Для их полного вступления в силу необходимы оплата авансового платежа и предоставление гарантий. О вступивших в силу договорах стоимостью свыше 200 миллионов датских крон объявляется на фондовой бирже.

Annual Report for FLSmidth & Co. A/S 1 January - 31 December 2011


Company Announcement to the Danish Financial Supervisory Authority No. 08-2012, 21 February 2012

The Board of Directors and the Executive Management have today considered and approved the annual report of FLSmidth & Co. A/S for the financial year 1 January - 31 December 2011.

The consolidated financial statements are presented in accordance with International Financial Reporting Standards as adopted by the EU. The parent financial statements are presented in accordance with the Danish Financial Statements Act. Further, the annual report is prepared in accordance with Danish disclosure requirements for listed companies.

The annual report is accessible at FLSmidth's website:


Financial results in Q4 2011:

High activity and record high EBIT result    

The order intake increased 32% to DKK 5,856m (Q4 2010: DKK 4,428m)

Revenue increased 32% to DKK 7,286m (Q4 2010: DKK 5,520m)

Earnings before interest, tax, ­depreciation and amortisation (EBITDA) increased  57% to DKK 995m (Q4 2010: DKK 633m), corresponding to an EBITDA ratio of 13.7% (Q4 2010: 11.5%)

Earnings before amortisation and write-down of intangible assets (EBITA) increased 62% to DKK 938m (Q4 2010: DKK 579m), corresponding to an EBITA ratio of 12.9% (Q4 2010: 10.5%)

Earnings before interest and tax (EBIT) increased 62% to DKK 870m (Q4 2010: DKK 536m), corresponding to an EBIT margin of 11.9% (Q4 2010: 9.7%)

Earnings before tax (EBT) increased 64% to DKK 842m (Q4 2010: DKK 512m)

The profit for the period increased 72% to DKK 567m (Q4 2010: DKK 329m)


Financial results for 2011

Record year for Minerals, solid result in Cement despite difficult market

The order intake increased 16% to DKK 24,044m (2010: DKK 20,780m)

The order backlog has increased 14% to DKK 27,136m (end of 2010: DKK 23,708m)

Revenue increased 9% to DKK 21,998m (2010: DKK 20,186m)

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 11% to DKK 2,647m (2010: DKK 2,387m) corresponding to an EBITDA ratio of 12.0% (2010: 11.8%)

Earnings before amortisation and write-down of intangible assets (EBITA) increased 10% to DKK 2,405m (2010: DKK 2,177m), corresponding to an EBITA ratio of 10.9% (2010: 10.8%)

Earnings before interest and tax (EBIT) increased 9% to DKK 2,171m (2010: DKK 1,990m) corresponding to an EBIT ratio of 9.9% (2010: 9.9%)

Earnings before tax (EBT) increased 11% to DKK 2,070m (2010: DKK 1,872m)

Profit for the year increased 12% to DKK 1,437m (2010: DKK 1,278m)

Cash flow from operating activities amounted to DKK 1,148m (2010: DKK 1,335m)

Net interest-bearing debt by the end of 2011 amounted to DKK 98m (end of 2010: Net interest-bearing receivables DKK 1,254m)


Market trends

The market conditions for minerals equipment and services were favourable in 2011 despite great global macroeconomic uncertainty during the year. This reflects the fact that the minerals market continues to grow due to societal changes in the developing countries where the growing middle class is boosting demand for infrastructure and consumer goods based on minerals and metals.

Meanwhile, the supply of minerals is limited by the lack of investments by the mining industry in previous of years and the declining quality of existing ore bodies and accessibility of unexploited ore deposits. This means that mineral prices have generally remained at a relatively high level despite fluctuations during the year and that capacity utilisation in existing mines is very high.

In FLSmidth's prioritised industries, 2011 saw particularly high activity in copper, gold and coal.

Demand for equipment and services in the cement industry was relatively weak in 2011 due to the hard-pressed economies in the Western World, unrest in North Africa and a temporary growth pause in India. On the other hand, a positive trend was seen in demand from particularly Russia, Central Africa and South America. The global market for new contracted cement kiln capacity exclusive of China amounted to 46m tonnes per year in 2011 (2010: 65m tonnes per year), FLSmidth's share of the market representing 31% (2010: 36%).



Market leader in six growth industries

FLSmidth is launching a new global growth strategy that will unfold the Group's potential over the coming years.

FLSmidth will differentiate itself as the preferred full-service provider of products and solutions based on the best technology in the market.

Over the coming years, the Group will gradually develop its organisational ­structure in relation to six focus industries: coal, iron ore, fertilizer minerals, copper, gold and cement.

The operational themes of the strategy focus on
1) getting closer to the customer
2) considering service and innovation as an integral part of all products and
3) services and excel in processes and projects.

In step with increased focus and differentiation and the normalisation of markets, the goal is to generate above market average yearly growth in revenue in both products, projects and services. This growth target entails acquisition of businesses and activities, organic growth and higher market share as well as increased revenue in connection with EPC (Engineering, Procurement, Construction) contracts.

The aim is, in addition to higher revenue, to achieve an operating margin before amortisation and write-down of intangible assets (EBITA) of 10-13%.

FLSmidth is a learning organisation and our people are our most valuable resource. There will be stronger emphasis on developing, attracting and retaining the right people who can support value creation in the Group.

New Group structure

As a consequence of the new Group Strategy, FLSmidth will in future be structured in four divisions with Customer ­Services being separated from Cement and Minerals to form a separate division, and Minerals being divided up into Bulk Materials (notably coal, iron ore and fertilizers) and Non-Ferrous (non-ferrous metals such as copper and gold).

FLSmidth is also the owner of Cembrit Holding A/S, which is Europe's leading dedicated provider of fibre cement products.

New financial targets

Annual growth in revenue above market average

EBITA ratio 10-13%

Tax rate 30-32%

Equity ratio >30%

Financial gearing (NIBD/EBITDA) <2

Pay-out ratio 30-50% of the profit for the year

Cash flow from investing activities (exclusive of acquisitions) DKK -700m to -900m

Outlook for 2012

In 2012, FLSmidth & Co. A/S expects consolidated revenue of DKK 24-26bn exclusive of acquisitions (2011: DKK 22bn), an EBITA ratio of minimum 10% (2011: 10.9%) and an EBIT ratio of 9-10% (2011: 9.9%).

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 supercenters and the expansion of own manufacturing in India and China.

The effective tax rate is expected to be 30-32% in 2012 (2011: 31%) and payable tax slightly lower.

The effect of purchase price allocations (exclusive of acquisitions) is expected to be around DKK 220m in 2012 (2011: DKK 178m).

Each of the four new divisions and Cembrit are expected to see the following developments in 2012:

Expected revenue* trend in 2012:

Customer Services: increasing (2011: DKK 5.3bn)

Bulk Materials: increasing (2011: DKK 5.0bn)

Non-Ferrous: increasing (2011: DKK 6.8bn)

Cement slightly: increasing (2011: DKK 4.4bn)  

Cembrit slightly: increasing (2011: DKK 1.5bn)

Expected EBITA ratio trend in 2012:    

Customer Services: stable (2011: ~16%)

Bulk Materials: strongly increasing (2011: ~5%)

Non-Ferrous: slightly decreasing (2011: ~12%)

Cement: decreasing (2011: ~11%)

Cembrit: increasing (2011: ~4%)

Expected order intake* trend in 2012:

Customer Services: increasing (2011: DKK 5.3bn)

Bulk Materials: increasing (2011: DKK 5.5bn)

Non-Ferrous: stable (2011: DKK 9.7bn)

Cement: slightly increasing (2011: DKK 4.4bn)

*) Elimination in the form of intercompany trade is expected to amount to approximately DKK 1bn in both 2011 and 2012.

The new structure entails reclassification of revenue and order intake regarding product companies and Customer Services

Restated segment information for the last 12 quarters will be published within one month from the publication of the Annual Report 2011.


Please address any questions to this announcement to Mr Jørgen Huno Rasmussen, Group CEO, telephone +45 36 18 18 00.

An Investor & Press meeting and telephone conference regarding the annual report 2011 will be held today at 11:00 hours CET at the company's headquarters.

For further details please visit;


FLSmidth & Co. A/S
Corporate Communications & Investor Relations