1 September 2022, Copenhagen, Denmark

Today FLSmidth releases high-level, preliminary and unaudited financial figures for thyssenkrupp’s Mining business (TK Mining) and provides an update on TK Mining’s Russian activities. As previously announced (refer Company Announcement No. 13-2022), final closing of the acquisition took place on 31 August 2022.

9M 2021/22 vs. 9M 2020/21
The fiscal year of TK Mining runs from 1 October to 30 September
Order intake43330940%493
- Service order intake25021318%282
- New Build order intake1839789%210
- Service revenue1951865%262
- New Build revenue161238-32%357
EBIT marginLow single-digit  negative*-7.9%n/a-3.0%

* Impact from Russian activities and the project portfolio is under review and subject to change

TK Mining’s total outstanding order backlog amounted to EUR 698m at end July 2022.

TK Mining has suspended new business in Russia, while contracts with non-sanctioned customers are being finalised to the extent possible. TK Mining’s outstanding order backlog from Russian activities amounted to around EUR 43m by end July 2022. Other potential exposure and risks related to Russia remain subject to audit.

All preliminary figures and information have been provided by TK Mining and are subject to change pending review and audit by FLSmidth.

Further impact of the transaction, including updated financial guidance for 2022, will be communicated no later than in connection with the release of FLSmidth’s financial results for the first nine months of 2022 on 8 November 2022.

Conference call
Group CEO Mikko Keto and Group CFO Roland M. Andersen will host a conference call to provide a Day 1 update on the TK Mining acquisition on 1 September 2022 at 8.00 CET.

The presentation will be made available just before the call at and can be followed live or as replay at

If you wish to ask questions or just listen to the presentation via telephone, please call one of the following numbers:

DK: +45 78 77 41 97
SE: + 46 107 502 346
DE: 0 800 186 2030
UK: 0 808 101 1183
US: 785 424 1226

Please use the PIN code: 46 02 3


Investor Relations
Jannick Lindegaard Denholt, +45 21 69 66 57,
Therese Möllevinge, +45 41 37 16 38,
Mikkel Johansen, +45 23 30 29 50,

Media Relations
Rasmus Windfeld, +45 40 44 60 60,

About FLSmidth
FLSmidth provides sustainable productivity to the global mining and cement industries. We deliver market-leading technology, products and service solutions that enable our customers to improve performance, drive down costs and reduce environmental impact. MissionZero is our sustainability ambition towards zero emissions in mining and cement by 2030. FLSmidth works within fully validated Science-Based Targets, our commitment to keep global warming below 1.5°C and to becoming carbon neutral in our own operations by 2030.


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