Be the first to like this
FLSmidth 2nd quarter interim report for 2013 was released on 23 August 2013. Best viewed on a full screen mode, this first quarterly report informs the reader about how well FLSmidth's business is doing financially, as well as FLSmidth's growth strategies and new financial targets projected for next quarter. The key highlights include: a) Group strategy & long term financial targets reconfirmed b) Launch of Efficiency Programme with annual EBITA improvement of DKK +750m c) Deteriorating outlook for mining capital projects – Pockets of recovery in Cement d) Customer Services performing well e) Group revenue +14% & order intake -22% f) Group EBITA margin 4.4% - Underlying Group EBITA margin 9.4% g) Ludowici impairment loss (DKK -800m) & inventory write-down (DKK -200m) h) Future risks in Material Handling minimised (DKK -323m.
Clipping is a handy way to collect important slides you want to go back to later.