FLSmidth's second quarter report for 2012 was released on 15 August, 2012. Best viewed on a full screen mode, this quarterly report informs the reader about how well FLSmidth's business has performed in the 2nd quarter.
FLSmidth's third quarter report for 2012 was released on 13 November, 2012. Best viewed on a full screen mode, this quarterly report informs the reader about how well FLSmidth's business has performed in the 3rd quarter.
FLSmidth first quarter report presentation 2012 was released on 15 May, 2012. Best viewed on a full screen mode, this quarterly report informs the reader about how well FLSmidth's business has performed in the 1st quarter of 2012.
FLSmidth 1st quarter interim report for 2013 was released on 17 May 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.
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.
FLSmidth 3rd quarter interim report for 2013 was released on 6 November 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) Business environment unchanged b) Decreasing order intake due to lack of large orders c) Return on Capital Employed (ROCE) 10% (ROCE 15% adjusted for special items) d) EBITA margin 3.6% (EBITA margin 9.1% adjusted for special items) e) Efficiency Programme progressing according to plans f) Group guidance for 2013 maintained.
Klöckner & Co - German, Swiss & Austrian Conference 2013Klöckner & Co SE
- Sales and turnover were down year-over-year due to price declines and weak macro conditions, though increased slightly quarter-over-quarter.
- Restructuring efforts improved the gross margin and significantly reduced costs, contributing to a higher EBITDA despite lower sales.
- Nearly all restructuring targets have been achieved through staff reductions, site closures, and divestments, with the program nearly complete.
Klöckner & Co - German Corporate Conference 2012Klöckner & Co SE
This document summarizes a presentation by Klöckner & Co SE CEO Gisbert Rühl at a German Corporate Conference in Frankfurt on January 18, 2012.
In the first part, it provides an overview of Klöckner & Co as the largest producer-independent steel and metal distributor with 290 locations globally. It discusses the company's business model, markets, products, and key 2010 figures.
The second part reviews Klöckner & Co's financial performance in Q3 2011, showing increases in sales, volumes, gross profit and EBITDA compared to Q3 2010. It also discusses the company's balance sheet, cash flows, and segment performance.
The third part provides
Klöckner & Co - Roadshow Presentation November 2012Klöckner & Co SE
- Klöckner & Co SE reported flat sales in Q3 but EBITDA declined significantly due to continued price erosion.
- The scope of Klöckner's restructuring program will be expanded significantly, with the goal of achieving around €150 million in annual EBITDA savings by 2014.
- Klöckner will close approximately 60 sites and reduce its workforce by over 1,800 positions as part of the expanded restructuring effort.
FLSmidth's third quarter report for 2012 was released on 13 November, 2012. Best viewed on a full screen mode, this quarterly report informs the reader about how well FLSmidth's business has performed in the 3rd quarter.
FLSmidth first quarter report presentation 2012 was released on 15 May, 2012. Best viewed on a full screen mode, this quarterly report informs the reader about how well FLSmidth's business has performed in the 1st quarter of 2012.
FLSmidth 1st quarter interim report for 2013 was released on 17 May 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.
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.
FLSmidth 3rd quarter interim report for 2013 was released on 6 November 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) Business environment unchanged b) Decreasing order intake due to lack of large orders c) Return on Capital Employed (ROCE) 10% (ROCE 15% adjusted for special items) d) EBITA margin 3.6% (EBITA margin 9.1% adjusted for special items) e) Efficiency Programme progressing according to plans f) Group guidance for 2013 maintained.
Klöckner & Co - German, Swiss & Austrian Conference 2013Klöckner & Co SE
- Sales and turnover were down year-over-year due to price declines and weak macro conditions, though increased slightly quarter-over-quarter.
- Restructuring efforts improved the gross margin and significantly reduced costs, contributing to a higher EBITDA despite lower sales.
- Nearly all restructuring targets have been achieved through staff reductions, site closures, and divestments, with the program nearly complete.
Klöckner & Co - German Corporate Conference 2012Klöckner & Co SE
This document summarizes a presentation by Klöckner & Co SE CEO Gisbert Rühl at a German Corporate Conference in Frankfurt on January 18, 2012.
In the first part, it provides an overview of Klöckner & Co as the largest producer-independent steel and metal distributor with 290 locations globally. It discusses the company's business model, markets, products, and key 2010 figures.
The second part reviews Klöckner & Co's financial performance in Q3 2011, showing increases in sales, volumes, gross profit and EBITDA compared to Q3 2010. It also discusses the company's balance sheet, cash flows, and segment performance.
The third part provides
Klöckner & Co - Roadshow Presentation November 2012Klöckner & Co SE
- Klöckner & Co SE reported flat sales in Q3 but EBITDA declined significantly due to continued price erosion.
- The scope of Klöckner's restructuring program will be expanded significantly, with the goal of achieving around €150 million in annual EBITDA savings by 2014.
- Klöckner will close approximately 60 sites and reduce its workforce by over 1,800 positions as part of the expanded restructuring effort.
Klöckner & Co has undergone a major restructuring program called KCO 6.0 to transform its business model. The program is reducing costs by €190 million annually through closing 70 sites and reducing employees by over 2,000. KCO 6.0 is increasing the company's EBITDA by around €160 million annually from 2014 onward. The restructuring is shifting KCO's business focus toward higher-margin regions and products in Europe and the Americas.
Klöckner & Co SE reported financial results for Q3 2012 that were below expectations due to continued price pressure reducing margins. While sales declined slightly in Europe but grew in the US, overall group sales were flat for Q3 year-over-year. EBITDA of €19m missed guidance due to price declines in September. The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150m once fully implemented in 2014.
BGC Partners reported financial results for Q2 2014 with revenues of $430.3 million, down 8.7% from Q2 2013. Pre-tax distributable earnings were $53 million, down slightly by 1.6% year-over-year. The company declared a quarterly cash dividend of $0.12 per share. Financial services revenues were $271.5 million while real estate revenues were $149.1 million. Industry volatility and trading volumes remained low compared to prior periods, challenging BGC's financial performance.
- Klöckner & Co SE reported Q3 2012 results, with sales down 2.0% year-over-year to €1,847 million due to a 4.6% decline in Europe offset by 9.4% growth in the Americas. EBITDA was €19 million, below guidance due to further price pressure.
- The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150 million starting in 2014.
- For the full year, sales are up 7.4% to €5,755 million due to organic growth in the Americas compensating for
Klöckner & Co - German Corporate Conference 2013Klöckner & Co SE
- Klöckner & Co SE is a leading multi-metal distributor based in Germany.
- In Q3 2012, sales declined 2.0% year-over-year to €1,847m due to price erosion in Europe, though the US saw 9.4% growth.
- EBITDA was €19m, below guidance due to further price pressure, and the restructuring program is being expanded significantly.
Klöckner & Co - Roadshow Presentation August 13, 2013Klöckner & Co SE
Klöckner & Co SE provided a roadshow presentation to HSBC in Paris on August 13, 2013. The presentation included:
- Market conditions remain challenging in Europe and sales declined 9.3% in Q2 2013 due to closures and divestments.
- Restructuring measures have reduced headcount by 1,800 and closed 60 of 70 targeted sites. This contributed €17M to Q2 EBITDA.
- For full year 2013, Klöckner aims to achieve the same operating EBITDA of €140M as 2012, despite weaker first half results, through continued restructuring savings.
Klöckner & Co - Roadshow Presentation April 2011Klöckner & Co SE
This document provides an overview of Klöckner & Co SE, a leading multi-metal distributor, and summarizes their performance in 2010 and outlook.
1) Klöckner & Co SE achieved strong financial results in 2010, exceeding guidance targets for sales growth, EBITDA, net working capital, and gearing. They resumed dividend payments and completed four acquisitions.
2) The company's strategy, Klöckner & Co 2020, aims to make them the first global and fastest growing multi-metal distributor through globalization, growth, business optimization, and developing management and employees. They have ambitious targets for organic growth and external expansion, especially in emerging markets.
3
Klöckner & Co - Global Steel and Mining Conference 2012Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that saw turnover increase 5.7% year-over-year in Q2 2012 driven by acquisitions and organic growth in the US. EBITDA of €50 million met guidance despite a worsening market environment in Europe. The company has significantly expanded the scope of its restructuring measures, including closing 11 sites in Spain and withdrawing from its EEC business, with initial measures almost concluded.
- Klöckner & Co reported results for Q1 2012, with turnover increasing 24% year-over-year driven by acquisitions in the Americas. EBITDA declined significantly from last year due to adverse market conditions in Europe.
- The company provided an update on its profitability action plan in Europe and the Americas, including headcount reductions, plant closures, and integration efforts.
- For full-year 2012, the company expects turnover to increase around 5% but EBITDA growth will depend on the economic recovery in Europe in the second half of the year.
Klöckner & Co SE - HY 1 2014 Results - Analysts' and Investors' Conference Klöckner & Co SE
Charts accompanying the HY 1 2014 Results Analysts' and Investors' Conference on August 7, 2014
Press Release: http://www.kloeckner.com/en/media/press-releases-5057.php
Klöckner & Co - Baader Investment Conference 2012Klöckner & Co SE
- Klöckner & Co SE reported sales of €1.964 billion for Q2 2012, up 4.2% year-over-year, while adjusted EBITDA was €50 million, meeting guidance.
- The company has significantly expanded the scope of its restructuring measures in response to weak steel demand and overcapacity, recognizing €17 million in restructuring expenses in Q2 primarily related to actions in Spain.
- While achieving last year's full-year EBITDA appears unlikely due to the deteriorating situation in Europe, growth continues in the US with the integration of Macsteel supporting above market expansion.
The interim report summarizes Ramirent's financial results for Q1 2013. Net sales decreased 7% to MEUR 152.8 due to lower sales in Finland, Norway, and Denmark, though profitability excluding non-recurring items was close to last year's level. EBITA was MEUR 22.6 compared to MEUR 14.4 in Q1 2012. Segment reviews showed stable demand in Sweden but weaker construction activity affecting Denmark, Finland, and Europe East. In March, Ramirent also finalized the formation of a joint venture, Fortrent, in Russia and Ukraine.
The document discusses Klöckner & Co SE's Q2 2012 results, noting that turnover increased 5.7% year-over-year driven by acquisitions and organic growth in the US, while EBITDA was €50 million which met guidance despite restructuring expenses of €17 million and a worsening market environment in Europe. It also provides an update on the company's restructuring measures in response to declining steel demand and overcapacity, including structural changes and site closures in Spain and France.
Klöckner & Co - German Investment Conference 2012Klöckner & Co SE
- Klöckner & Co SE reported a 5.7% increase in turnover for Q2 2012 driven by acquisitions and organic growth in the US and Americas. However, the European market saw a 7.9% decline due to exiting low margin business.
- EBITDA of €50M met guidance before restructuring costs of €17M primarily related to restructuring measures in Spain.
- The scope of restructuring was expanded significantly in response to a 25% decline in steel demand compared to peak levels and continued overcapacity in distribution. Measures aimed to right-size operations and position the company for potential recovery.
Klöckner & Co - UBS Best of Germany Conference 2012Klöckner & Co SE
- Klöckner & Co SE is a leading multi-metal distributor that presented at the UBS Best of Germany Conference in New York on September 12, 2012.
- In Q2 2012, turnover increased 5.7% year-over-year driven by acquisitions and organic growth in the US, while EBITDA was €50 million meeting guidance despite a worsening market environment in Europe.
- Restructuring measures were expanded significantly in response to weak steel demand and overcapacity, with the initial measures almost concluded and expected to realize €70 million in EBITDA improvements.
Klöckner & Co - Capital Goods & Steel Conference 2012Klöckner & Co SE
The document summarizes Klöckner & Co SE's financial results for the second quarter of 2012. Key points include:
- Sales increased 4.2% year-over-year but EBITDA decreased due to €17 million in restructuring expenses.
- The company expanded restructuring measures in response to weak steel demand and overcapacity in Europe.
- Net income was negatively impacted by impairments and restructuring costs, though adjusted net income was slightly positive.
- Net working capital and net debt levels remained stable sequentially.
Klöckner & Co - German, Swiss & Austrian Conference 2012Klöckner & Co SE
The document is a presentation by Klöckner & Co SE providing an overview of the company's performance in Q1 2012 and an update on its profitability action plan. Key points include:
- Q1 2012 turnover increased 24% year-over-year driven by acquisitions, but EBITDA declined significantly from last year's windfall gains.
- Measures to improve European profitability are on track, including headcount reductions and closing underperforming businesses.
- The Americas segment outperformed Europe in both sales and EBITDA.
- Full implementation of profitability initiatives is expected by mid-2012, with the outlook anticipating a recovery in the second half could lead to flat E
Klöckner & Co - Global Industrial and A&D Conference 2012Klöckner & Co SE
The document discusses Klöckner & Co SE's financial results for the second quarter of 2012, including a 5.7% increase in turnover driven by acquisitions and organic growth. It also provides an update on the company's restructuring efforts to adapt to declining demand in Europe, which includes expanding measures and closing additional sites. The summary also outlines Klöckner & Co SE's overall financial position, with a strong balance sheet and stable net working capital.
Klöckner & Co - Roadshow Macquarie/Danske Bank, September 5-6, 2013Klöckner & Co SE
The document is a presentation by Marcus A. Ketter, CFO of Klöckner & Co SE, for a roadshow in Helsinki and Copenhagen on September 5-6, 2013. It provides an overview of Klöckner & Co as a leading multi-metal distributor, highlights from the first half of 2013 including progress on their restructuring program, and an outlook for the rest of the year.
This document provides the financial results for Nidec Corporation and its subsidiaries for the first quarter of fiscal year 2013, ending June 30, 2013. It includes consolidated results, forecasts, and highlights for key subsidiaries. The key points are:
- Consolidated sales increased 23.1% year-over-year to 211.3 billion yen. Operating income increased 24.3% to 18.1 billion yen.
- Guidance for fiscal year 2013 was revised upward based on strong first quarter results. Full year sales are now forecast to reach 820 billion yen, with operating income of 75 billion yen.
- Nidec's subsidiaries involved in automotive, appliance,
FLSmidth annual report for 2012 was released on 12 February 2013. Best viewed on a full screen mode, this annual 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 the next year.
FLSmidth annual report for 2011 was released on 21 February 2012. Best viewed on a full screen mode, this annual 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 the next year.
Klöckner & Co has undergone a major restructuring program called KCO 6.0 to transform its business model. The program is reducing costs by €190 million annually through closing 70 sites and reducing employees by over 2,000. KCO 6.0 is increasing the company's EBITDA by around €160 million annually from 2014 onward. The restructuring is shifting KCO's business focus toward higher-margin regions and products in Europe and the Americas.
Klöckner & Co SE reported financial results for Q3 2012 that were below expectations due to continued price pressure reducing margins. While sales declined slightly in Europe but grew in the US, overall group sales were flat for Q3 year-over-year. EBITDA of €19m missed guidance due to price declines in September. The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150m once fully implemented in 2014.
BGC Partners reported financial results for Q2 2014 with revenues of $430.3 million, down 8.7% from Q2 2013. Pre-tax distributable earnings were $53 million, down slightly by 1.6% year-over-year. The company declared a quarterly cash dividend of $0.12 per share. Financial services revenues were $271.5 million while real estate revenues were $149.1 million. Industry volatility and trading volumes remained low compared to prior periods, challenging BGC's financial performance.
- Klöckner & Co SE reported Q3 2012 results, with sales down 2.0% year-over-year to €1,847 million due to a 4.6% decline in Europe offset by 9.4% growth in the Americas. EBITDA was €19 million, below guidance due to further price pressure.
- The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150 million starting in 2014.
- For the full year, sales are up 7.4% to €5,755 million due to organic growth in the Americas compensating for
Klöckner & Co - German Corporate Conference 2013Klöckner & Co SE
- Klöckner & Co SE is a leading multi-metal distributor based in Germany.
- In Q3 2012, sales declined 2.0% year-over-year to €1,847m due to price erosion in Europe, though the US saw 9.4% growth.
- EBITDA was €19m, below guidance due to further price pressure, and the restructuring program is being expanded significantly.
Klöckner & Co - Roadshow Presentation August 13, 2013Klöckner & Co SE
Klöckner & Co SE provided a roadshow presentation to HSBC in Paris on August 13, 2013. The presentation included:
- Market conditions remain challenging in Europe and sales declined 9.3% in Q2 2013 due to closures and divestments.
- Restructuring measures have reduced headcount by 1,800 and closed 60 of 70 targeted sites. This contributed €17M to Q2 EBITDA.
- For full year 2013, Klöckner aims to achieve the same operating EBITDA of €140M as 2012, despite weaker first half results, through continued restructuring savings.
Klöckner & Co - Roadshow Presentation April 2011Klöckner & Co SE
This document provides an overview of Klöckner & Co SE, a leading multi-metal distributor, and summarizes their performance in 2010 and outlook.
1) Klöckner & Co SE achieved strong financial results in 2010, exceeding guidance targets for sales growth, EBITDA, net working capital, and gearing. They resumed dividend payments and completed four acquisitions.
2) The company's strategy, Klöckner & Co 2020, aims to make them the first global and fastest growing multi-metal distributor through globalization, growth, business optimization, and developing management and employees. They have ambitious targets for organic growth and external expansion, especially in emerging markets.
3
Klöckner & Co - Global Steel and Mining Conference 2012Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that saw turnover increase 5.7% year-over-year in Q2 2012 driven by acquisitions and organic growth in the US. EBITDA of €50 million met guidance despite a worsening market environment in Europe. The company has significantly expanded the scope of its restructuring measures, including closing 11 sites in Spain and withdrawing from its EEC business, with initial measures almost concluded.
- Klöckner & Co reported results for Q1 2012, with turnover increasing 24% year-over-year driven by acquisitions in the Americas. EBITDA declined significantly from last year due to adverse market conditions in Europe.
- The company provided an update on its profitability action plan in Europe and the Americas, including headcount reductions, plant closures, and integration efforts.
- For full-year 2012, the company expects turnover to increase around 5% but EBITDA growth will depend on the economic recovery in Europe in the second half of the year.
Klöckner & Co SE - HY 1 2014 Results - Analysts' and Investors' Conference Klöckner & Co SE
Charts accompanying the HY 1 2014 Results Analysts' and Investors' Conference on August 7, 2014
Press Release: http://www.kloeckner.com/en/media/press-releases-5057.php
Klöckner & Co - Baader Investment Conference 2012Klöckner & Co SE
- Klöckner & Co SE reported sales of €1.964 billion for Q2 2012, up 4.2% year-over-year, while adjusted EBITDA was €50 million, meeting guidance.
- The company has significantly expanded the scope of its restructuring measures in response to weak steel demand and overcapacity, recognizing €17 million in restructuring expenses in Q2 primarily related to actions in Spain.
- While achieving last year's full-year EBITDA appears unlikely due to the deteriorating situation in Europe, growth continues in the US with the integration of Macsteel supporting above market expansion.
The interim report summarizes Ramirent's financial results for Q1 2013. Net sales decreased 7% to MEUR 152.8 due to lower sales in Finland, Norway, and Denmark, though profitability excluding non-recurring items was close to last year's level. EBITA was MEUR 22.6 compared to MEUR 14.4 in Q1 2012. Segment reviews showed stable demand in Sweden but weaker construction activity affecting Denmark, Finland, and Europe East. In March, Ramirent also finalized the formation of a joint venture, Fortrent, in Russia and Ukraine.
The document discusses Klöckner & Co SE's Q2 2012 results, noting that turnover increased 5.7% year-over-year driven by acquisitions and organic growth in the US, while EBITDA was €50 million which met guidance despite restructuring expenses of €17 million and a worsening market environment in Europe. It also provides an update on the company's restructuring measures in response to declining steel demand and overcapacity, including structural changes and site closures in Spain and France.
Klöckner & Co - German Investment Conference 2012Klöckner & Co SE
- Klöckner & Co SE reported a 5.7% increase in turnover for Q2 2012 driven by acquisitions and organic growth in the US and Americas. However, the European market saw a 7.9% decline due to exiting low margin business.
- EBITDA of €50M met guidance before restructuring costs of €17M primarily related to restructuring measures in Spain.
- The scope of restructuring was expanded significantly in response to a 25% decline in steel demand compared to peak levels and continued overcapacity in distribution. Measures aimed to right-size operations and position the company for potential recovery.
Klöckner & Co - UBS Best of Germany Conference 2012Klöckner & Co SE
- Klöckner & Co SE is a leading multi-metal distributor that presented at the UBS Best of Germany Conference in New York on September 12, 2012.
- In Q2 2012, turnover increased 5.7% year-over-year driven by acquisitions and organic growth in the US, while EBITDA was €50 million meeting guidance despite a worsening market environment in Europe.
- Restructuring measures were expanded significantly in response to weak steel demand and overcapacity, with the initial measures almost concluded and expected to realize €70 million in EBITDA improvements.
Klöckner & Co - Capital Goods & Steel Conference 2012Klöckner & Co SE
The document summarizes Klöckner & Co SE's financial results for the second quarter of 2012. Key points include:
- Sales increased 4.2% year-over-year but EBITDA decreased due to €17 million in restructuring expenses.
- The company expanded restructuring measures in response to weak steel demand and overcapacity in Europe.
- Net income was negatively impacted by impairments and restructuring costs, though adjusted net income was slightly positive.
- Net working capital and net debt levels remained stable sequentially.
Klöckner & Co - German, Swiss & Austrian Conference 2012Klöckner & Co SE
The document is a presentation by Klöckner & Co SE providing an overview of the company's performance in Q1 2012 and an update on its profitability action plan. Key points include:
- Q1 2012 turnover increased 24% year-over-year driven by acquisitions, but EBITDA declined significantly from last year's windfall gains.
- Measures to improve European profitability are on track, including headcount reductions and closing underperforming businesses.
- The Americas segment outperformed Europe in both sales and EBITDA.
- Full implementation of profitability initiatives is expected by mid-2012, with the outlook anticipating a recovery in the second half could lead to flat E
Klöckner & Co - Global Industrial and A&D Conference 2012Klöckner & Co SE
The document discusses Klöckner & Co SE's financial results for the second quarter of 2012, including a 5.7% increase in turnover driven by acquisitions and organic growth. It also provides an update on the company's restructuring efforts to adapt to declining demand in Europe, which includes expanding measures and closing additional sites. The summary also outlines Klöckner & Co SE's overall financial position, with a strong balance sheet and stable net working capital.
Klöckner & Co - Roadshow Macquarie/Danske Bank, September 5-6, 2013Klöckner & Co SE
The document is a presentation by Marcus A. Ketter, CFO of Klöckner & Co SE, for a roadshow in Helsinki and Copenhagen on September 5-6, 2013. It provides an overview of Klöckner & Co as a leading multi-metal distributor, highlights from the first half of 2013 including progress on their restructuring program, and an outlook for the rest of the year.
This document provides the financial results for Nidec Corporation and its subsidiaries for the first quarter of fiscal year 2013, ending June 30, 2013. It includes consolidated results, forecasts, and highlights for key subsidiaries. The key points are:
- Consolidated sales increased 23.1% year-over-year to 211.3 billion yen. Operating income increased 24.3% to 18.1 billion yen.
- Guidance for fiscal year 2013 was revised upward based on strong first quarter results. Full year sales are now forecast to reach 820 billion yen, with operating income of 75 billion yen.
- Nidec's subsidiaries involved in automotive, appliance,
FLSmidth annual report for 2012 was released on 12 February 2013. Best viewed on a full screen mode, this annual 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 the next year.
FLSmidth annual report for 2011 was released on 21 February 2012. Best viewed on a full screen mode, this annual 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 the next year.
Metso Financial Statements Review 2013 - reportMetso Group
- Metso's orders received and net sales declined in 2013 compared to 2012, driven by soft demand in the mining industry while oil & gas remained strong. Orders received were EUR 3.7 billion and net sales were EUR 3.9 billion.
- EBITA margin improved to 12.8% in 2013 from 11.4% in 2012, due to cost efficiency actions despite lower sales volumes.
- The Mining and Construction segment saw a 17% decline in orders received due to cautious investment among mining customers, while services demand remained good. The segment accounted for over half of Metso's total orders and sales.
Stora Enso's newsletter for stakeholders
Topics covered:
Living the code of conduct
Piloting WWF methodology for assessing landscape changes
Multi-stakeholder dialogue on plantations
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This interim report summarizes Saab's financial results for January-September 2011. Key highlights include:
- Order bookings were MSEK 13,793, down 4% from the same period in 2010. The order backlog at the end of the period was MSEK 39,411, up 5% from 2010.
- Sales were MSEK 16,151, down 1% compared to 2010 adjusted for exchange rates and acquisitions.
- Operating income was MSEK 2,282, up significantly from MSEK 724 in 2010, with an operating margin of 14.1%.
- Net income was MSEK 1,798, up from MSEK 434 in 2010. Earnings per share
GMQ Abogados is a Spanish law firm that provides specialized legal services to businesses, high-net-worth individuals, and investors. The firm has extensive experience in areas like mergers and acquisitions, restructuring and insolvency, commercial contracts, litigation and arbitration, tax law, labor law, and real estate. GMQ prides itself on its high-performance, dedicated team and the full involvement of partners in complex matters.
1) The annual report summarizes the key results and activities of DTU Chemical Engineering in 2015, highlighting research accomplishments, new faculty members and research centers, conferences, and awards.
2) Major events included the establishment of a new research center called PILOT PLANT, hosting international conferences on thermodynamics and process systems engineering, and numerous research projects, publications, and academic and industrial collaborations.
3) The department continued its focus on developing sustainable solutions for chemistry, biotechnology, food, pharmaceuticals, and energy through its research centers and programs.
521 announcement 29102013 interim financial report q3 2013Jianping Wong
Jens Bjorn Andersen, CEO: "The markets of DSV are still characterised by low growth and fierce competition. DSV is on the right track and is gaining market share in most markets, and we are making strong headway within sea freight in particular. The reported operating profit for Q3 is in line with last year and our cash flow also shows positive development. Under the circumstances we are satisfied with this performance, however it is obvious that DSV’s goal is to deliver earnings growth."
DSV maintains its full-year outlook for 2013 previously announced.
Read the entire financial report in English or Danish by clicking on the below links:
DSV Tracking:http://www.expresstracking.org/dsv/
This document provides an overview and analysis of 17 information and communication technology (ICT) projects funded by infoDev, the World Bank's global program for information for development.
The document begins with case studies of the individual projects, focusing on their functional use of ICT and contributions to the UN's Millennium Development Goals. It then analyzes lessons learned from the projects, identifying common themes around impact, sustainability, and recommendations for future ICT4D initiatives.
Finally, the document concludes by emphasizing the importance of documenting both successful and unsuccessful ICT project experiences in order to better understand how to use technology to promote development and achieve the Millennium Goals. The analysis of these 17 infoDev projects
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Erasmus of Rotterdam was a Dutch philosopher, humanist, and theologian born in 1466 in Rotterdam and died in 1536 in Basel. He studied philology and theology and was an important author who wrote in Latin and travelled extensively. Some of his most notable works included The Manual of the Christian Knight in 1503, In Praise of Folly in 1511, and On Free Will in 1526. He was an important figure of the Renaissance period who advocated for reform of the Catholic Church and greater morality of the clergy through more personal and intimate religious practices.
The article discusses alternative energy sources from the ocean, specifically Ocean Thermal Energy Conversion (OTEC). OTEC was first conceived in 1881 but the only operating experimental plant is in Hawaii. OTEC is a potential clean energy source but the large hurdle is cost, as current processes to drive OTEC plants are expensive. While clean burning, OTEC plants could also disrupt local environments if not set up properly with current technologies. There are three types of OTEC that use different intermediate fluids and processes to convert thermal energy from warm ocean waters into electricity.
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This document provides an overview of Klöckner & Co SE, a leading multi-metal distributor, for an investment seminar. It summarizes Klöckner's financial performance in Q3 2011, with sales volumes and EBITDA increasing year-over-year. It also discusses the company's exposure to different markets and products, balance sheet as of September 2011, and an outlook expecting lower Q4 2011 earnings due to seasonal factors but confirming full year 2011 guidance.
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Klöckner & Co - Global Metals & Mining Conference 2011Klöckner & Co SE
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Kemira is restructuring to become a pure-play water company focused on growth markets. It has divested non-water businesses and reorganized operations around key regions. Fit for Growth initiatives have improved profitability and are expected to deliver €60 million in savings by 2014. Kemira is also turning around its Municipal & Industrial segment through a new customer segmentation model, manufacturing optimization, and reduced SKUs. The company aims for an operative EBIT margin of 10% in Municipal & Industrial by 2014.
Klöckner & Co SE delivered strong financial results in 2010 and made progress on its Klöckner & Co 2020 strategy. It achieved over 34% sales growth, improved EBITDA to €238 million, and completed four acquisitions. The company aims to be the first global and fastest growing multi metal distributor by 2020 through globalization, organic and external growth, business optimization, and developing its management and employees. Klöckner & Co has the financial strength to continue its acquisition strategy and ambitions to nearly double its sales volumes to 15-20 million tons by 2020.
Marcus Ketter, CFO of Klöckner & Co SE, presented at a roadshow in Paris on August 13, 2013. The presentation provided an overview of Klöckner & Co as a leading multi-metal distributor, highlighted the progress and impact of its restructuring program KCO 6.0, and discussed its outlook. Sales and earnings declined in the second quarter due to weak market conditions in Europe and the US, but the restructuring program compensated for some of the declines through cost reductions. The company remained on track to achieve its full-year earnings target despite a weaker first half.
Klöckner & Co reported strong results for Q1 2011, with EBITDA up 49.9% and EPS up 65%. Volumes increased 26.9% and sales increased 51.3% due to acquisitions. The outlook for 2011 is for over 25% volume and sales growth from acquisitions. The acquisition of Macsteel fits strategically by expanding Klöckner's flat steel service center business in North America. Klöckner aims to achieve its 2015 volume target of 8-10 million tons as early as 2012.
- Wolters Kluwer reported full-year 2013 results in line with guidance, with revenues of €3.565 billion and ordinary EBITA of €765 million.
- Health performed better than expected, offsetting challenges in Financial & Compliance Services. Ordinary free cash flow was over €500 million.
- The net debt to EBITDA ratio improved to 2.2 times.
Klöckner & Co - Baader Bank AG, Baader Investment Conference, September 24, 2013Klöckner & Co SE
Christian Pokropp, Head of Investor Relations & Corporate Communications at Klöckner & Co SE, presented an overview of the company and its financial results for Q2 and H1 2013. Key highlights include:
- Klöckner & Co saw turnover decline 9.3% in Q2 and 10.3% in H1 due to weaker European markets and its restructuring program, though gross margins improved.
- EBITDA was €43m for Q2 and €72m for H1, meeting guidance due to cost cuts from its restructuring program KCO 6.0.
- The company has closed 60 of 70 targeted sites and reduced employees by 1,800 as part of its
Klöckner & Co - Berenberg and Goldman Sachs, German Corporate Conference, Sep...Klöckner & Co SE
The document summarizes Marcus A. Ketter's presentation at the Berenberg and Goldman Sachs German Corporate Conference in Munich on September 25, 2013. It provides an overview of Klöckner & Co SE as a leading multi-metal distributor, highlights from its financial results for Q2 and H1 2013, an update on its restructuring strategy called KCO 6.0, and an outlook for the rest of the year. Key points include improved EBITDA margins despite a decline in sales, progress made in closing sites and reducing employees as part of KCO 6.0, and an expectation of meeting its full-year EBITDA target.
Metso January-June 2013 Interim review presentationMetso Group
Metso's Q2 2013 highlights include:
- Order intake was EUR 1,883 million, up 9% year-over-year. Net sales totaled EUR 1,756 million, down 7%.
- EBITA before non-recurring items was EUR 142 million, down from EUR 178 million in Q2 2012.
- Services business remained solid but capital expenditure-related services saw a slowdown.
- Cost saving initiatives will continue across business areas to improve profitability.
- The demerger process to separate Metso into two companies has progressed on schedule.
Klöckner & Co - Roadshow Presentation August 2012Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that saw turnover increase 5.7% year-over-year in Q2 2012 driven by acquisitions and organic growth in the US. However, the worsening market environment in Europe makes achieving last year's EBITDA unlikely. The company has significantly expanded the scope of its restructuring measures, closing 11 sites in Spain and about 10 sites in France. Net income was negatively impacted by €17 million in restructuring costs and €30 million in impairments.
This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking statements include statements with regard to the expected development of revenue, earnings, profits from operations, depreciation and amortization, cash flows and personnel-related measures. You should consider them with caution. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond Deutsche Telekom’s control. Among the factors that might influence our ability to achieve our objectives are the progress of our workforce reduction initiative and other cost-saving measures, and the impact of other significant strategic, labor or business initiatives, including acquisitions, dispositions and business combinations, and our network upgrade and expansion initiatives. In addition, stronger than expected competition, technological change, legal proceedings and regulatory developments, among other factors, may have a material adverse effect on our costs and revenue development. Further, the economic downturn in our markets, and changes in interest and currency exchange rates, may also have an impact on our business development and the availability of financing on favorable conditions. Changes to our expectations concerning future cash flows may lead to impairment write downs of assets carried at historical cost, which may materially affect our results at the group and operating segment levels. If these or other risks and uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, our actual performance may materially differ from the performance expressed or implied by forward-looking statements. We can offer no assurance that our estimates or expectations will be achieved. Without prejudice to existing obligations under capital market law, we do not assume any obligation to update forward-looking statements to take new information or future events into account or otherwise.
In addition to figures prepared in accordance with IFRS, Deutsche Telekom also presents non-GAAP financial performance measures, including, among others, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBIT, adjusted net income, free cash flow, gross debt and net debt. These non-GAAP measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS. Non-GAAP financial performance measures are not subject to IFRS or any other generally accepted accounting principles. Other companies may define these terms in different ways.
- Klöckner & Co SE is a leading multi-metal distributor based in Germany that presented at the German Corporate Forum in London on October 1, 2012.
- In Q2 2012, sales increased 4.2% year-over-year but EBITDA declined due to restructuring expenses of €17 million mainly related to structural changes in Spain.
- The company expanded restructuring measures significantly in response to a 25% decline in steel demand from peak levels and overcapacity in distribution. Measures aimed to adapt the business and position it for potential recovery.
Deutsche Börse Group generated solid financial performance in 2012 despite challenging market conditions. Net revenue was €1.932 billion, down 9% from 2011. EBIT was €1.006 billion, down 19%. The company proposed a regular dividend of €2.10 per share. Priorities for 2013 include effective cost management, expanding products and services, and increasing customer reach through partnerships and acquisitions.
Klöckner & Co SE reported financial results for the third quarter of 2010. Sales volumes were down slightly from the previous quarter but prices seem to have stabilized. EBITDA for Q3 was lower than Q2 due to declining volumes, but the company expects full year sales to increase over 25% from acquisitions and recovery in customer demand. Management outlined a new strategy called Klöckner & Co 2020 to further growth organically and through acquisitions, especially in emerging markets, in order to become the leading global multi-metal distributor and achieve an EBITDA margin above 6% through business optimization.
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2. Forward-looking statements
Interim Report Q2 2012
15 August 2012Interim Report Q2 2012 2
FLSmidth & Co. A/S’ financial reports, whether in the form of annual reports or interim reports, filed with the Danish Business Authority and/or announced via the
company’s website and/or NASDAQ OMX Copenhagen, as well as any presentations based on such financial reports, and any other written information released, or oral
statements made, to the public based on this interim report or in the future on behalf of FLSmidth & Co. A/S, may contain forward-looking statements.
Words such as ‘believe’, ‘expect’, ‘may’, ‘will’, ‘plan’, ‘strategy’, ‘prospect’, ‘foresee’, ‘estimate’, ‘project’, ‘anticipate’, ‘can’, ‘intend’, ‘target’ and other words and terms
of similar meaning in connection with any discussion of future operating or financial performance identify forward-looking statements.
Examples of such forward-looking statements include, but are not limited to:
• statements of plans, objectives or goals for future operations, including those related to FLSmidth & Co. A/S markets, products, product research and product
development
• statements containing projections of or targets for revenues, profit (or loss), capital expenditures, dividends, capital structure or other net financial items
• statements regarding future economic performance, future actions and outcome of contingencies such as legal proceedings and statements regarding the underlying
assumptions or relating to such statements
• statements regarding potential merger & acquisition activities. These forward-looking statements are based on current plans, estimates and projections. By their very
nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, which may be outside FLSmidth & Co. A/S’s influence, and
which could materially affect such forward-looking statements.
FLSmidth & Co. A/S cautions that a number of important factors, including those described in this presentation, could cause actual results to differ materially from
those contemplated in any forward-looking statements.
Factors that may affect future results include, but are not limited to, global as well as local political and economic conditions, including interest rate and exchange rate
fluctuations, delays or faults in project execution, fluctuations in raw material prices, delays in research and/or development of new products or service concepts,
interruptions of supplies and production, unexpected breach or termination of contracts, market-driven price reductions for FLSmidth & Co. A/S’ products and/or
services, introduction of competing products, reliance on information technology, FLSmidth & Co. A/S’ ability to successfully market current and new products,
exposure to product liability and legal proceedings and investigations, changes in legislation or regulation and interpretation thereof, intellectual property protection,
perceived or actual failure to adhere to ethical marketing practices, investments in and divestitures of domestic and foreign enterprises, unexpected growth in costs
and expenses, failure to recruit and retain the right employees and failure to maintain a culture of compliance.
Unless required by law FLSmidth & Co. A/S is under no duty and undertakes no obligation to update or revise any forward-looking statement after the distribution of
this presentation.
3. Very strong order intake in Q2
All segments except Bulk Materials
delivered solid EBITA results in Q2
EBIT results and guidance impacted by
DKK 188m one-off write-down of capitalised R&D costs
Cembrit sales process initiated
Revenue guidance narrowed to DKK 25-26bn (excl. Cembrit)
EBITA margin guidance of minimum 10% maintained
15 August 2012Interim Report Q2 2012 3
4. Order intake up 20% on
Q2’11, and also up 13%
sequentially
Revenue up 26% due to
increasing order intake last year,
particularly in Non-Ferrous and
Customer Services
EBITA up 36% and EBITA
margin of 10.0% delivered in Q2
EBIT negatively impacted by
DKK 188m one-off write
down of capitalized R&D costs
Financial developments in Q2 2012
Q2 Results 2012
15 August 2012 4
FLSmidth & Co. A/S
(DKKm)
Q2 2012 Q2 2011 Change
Order intake 7,246 6,048 +20%
Order backlog 30,803 25,011 +23%
Revenue 6,036 4,795 +26%
Gross margin 24.9% 25.6%
EBITA 605 445 +36%
EBITA margin 10.0% 9.3%
EBIT 349 404 -14%
EBIT margin 5.8% 8.4%
Net results 223 294 -24%
CFFO 333 426 -22%
Employees 13,818 12,144 +14%
Interim Report Q2 2012
6. 37%
21%
14%
5%
2%
5%
16%
15 August 2012Interim Report Q2 2012 6
Announced orders in Q2 2012
Cement Middle East DKK 630m
Coal Mozambique DKK 370m (BM)
Cement USA DKK 780m
Phosphate Morocco DKK 460m (NF)
Total DKK 2,240m
Distribution of order intake by industry
Interim Report Q2 2012
Order intake Q1-Q2 2012
– classified by industry
Cement
Copper
Gold
Coal
Iron ore
Fertilizers
Other
7. Unannounced orders record high DKK 5bn in Q2 (particularly related to Non-Ferrous)
Level of announced orders stable at DKK 2.4bn in Q2
Order backlog increased 7% in Q2 and is 23% higher than one year ago
Order intake increased 20% in Q2 2012
Interim Report Q2 2012
15 August 2012Interim Report Q2 2012 7
0
2,000
4,000
6,000
8,000
Q2
2010
Q3
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
Order intake (quarterly)
+20% vs. Q2 2011DKKm
0.8
0.9
1
1.1
1.2
1.3
1.4
1.5
1.6
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Q2
2010
Q3
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
Order backlog (quarterly)
+23% vs. Q2 2011DKKm Book-to-bill ratio*
Announced O&M orders
Announced Capital orders
Unannounced orders
*) Order backlog divided by Trailing-Twelve-Months Revenue
8. Organic growth +20% (excl. currency impact and acquisitions)
Pattern of increasing quarterly revenue over the calendar year likely to be repeated in 2012
Solid EBITA results in all segments except Bulk Materials
Revenue increased 26% in Q2 2012
Interim Report Q2 2012
15 August 2012Interim Report Q2 2012 8
0
2,000
4,000
6,000
8,000
Q2
2010
Q3
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
Revenue (quarterly)
+26% vs. Q2 2011DKKm EBITA margin
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
0
200
400
600
800
1,000
Q2
2010
Q3
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
EBITA (quarterly)
+36% vs. Q2 2011DKKm
9. Tight focus on SG&A developments
Interim Report Q2 2012
15 August 2012Interim Report Q2 2012 9
SG&A ratio down from unacceptable high level in Q1’12
Increase in SG&A vs. last year partly due to:
Acquisitions (DKK ~60m in H1’12)
High tender activity leading to increasing proposal costs
- adding to costs now, but revenue later
Additionally, SG&A included costs of non-recurring
nature amounting to DKK ~100m in H1’12:
Implementation of new strategy and organization
Business alignment related to roll out of global ERP business
system
Transaction and integration costs in connection with
acquisitions
Initiatives put in place to manage SG&A more closely:
Cost awareness program
Systematic cost level targets and closer monitoring of non-
recurrent costs
SG&A ratio
0.0%
3.0%
6.0%
9.0%
12.0%
15.0%
18.0%
0
200
400
600
800
1,000
1,200
Q2
2010
Q3
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
SG&A (quarterly)
+14% vs. Q2 2011DKKm
10. One-off write-down of capitalised R&D costs in Q2
Interim Report Q2 2012
15 August 2012Interim Report Q2 2012 10
Q2 results include a one-off write-down of
capitalized R&D costs and decommissioning
costs amounting to DKK 188m
Related to R&D project in ground-breaking
new technology
Important milestones have been met and
patents have been taken out..
..but commercial tests have not been able to
demonstrate acceptable results
R&D project related to Cement, Non-Ferrous
and Customer Services and the write-down
will negatively impact EBIT in each of the
three divisions by approximately DKK 60m
11. CFFO adversely impacted by increase in working capital of DKK 191m in Q2
CFFI amounted to DKK -386m in Q2 related to acquisition of Process Engineering Resources Inc.
and Knelson Russia as well as tangible assets in connection with ongoing strategic activities
Temporary slow down in acquisitions except for smaller bolt-on in coming quarters
Cash flow from operating and investing activities
Interim Report Q2 2012
15 August 2012Interim Report Q2 2012 11
CFFO (quarterly)
-22% vs. Q2 2011DKKm
-1,000
-800
-600
-400
-200
0
200
400
600
Q2
2010
Q3
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
CFFI (quarterly)
-161% vs. Q2 2011DKKm
-1,000
-800
-600
-400
-200
0
200
400
600
Q2
2010
Q3
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
12. Tight focus on working capital developments
Interim Report Q2 2012
15 August 2012Interim Report Q2 2012 12
Working capital (quarterly)
+154% vs. Q2 2011DKKm
Working capital increased 10% in Q2 to DKK 2,117m
Structural reasons for increase in working capital:
Strategic initiatives in Customer Services
Change in business mix towards more mining and less cement
Specific reasons for increase in inventory in Q2 2012
Increasing inventories to reduce delivery lead times in product
companies
Reduction in Work-in-progress net (liability) caused by high level
of execution and increase in prepayments to subcontractors
Initiatives put in place in Q2 to manage working capital
more closely:
Monthly reporting, monitoring and follow-up on KPIs
Systematic NWC responsibility in the global organisation
Specific initiatives launched in relation to accounts receivables,
account payables, inventories, etc.
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
Q2
2010
Q3
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
WC /TTM* Sales
*) TTM : Trailing-Twelve-Months
13. Net debt increasing in Q2 due to distribution of dividend of DKK 471m and negative cash-flow
Equity ratio reduced to 32% due to distribution of dividend and increased balance sheet total
Dividend of DKK 9 per share paid on 10 April 2012 (equivalent to DKK 471m)
Capital structure
Interim Report Q2 2012
15 August 2012Interim Report Q2 2012 13
NIBD (quarterly)
DKKm
0%
5%
10%
15%
20%
25%
30%
35%
40%
0
2,000
4,000
6,000
8,000
10,000
12,000
Q2
2010
Q3
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
Equity (quarterly)
DKKm Equity ratio
(0.8)
(0.6)
(0.4)
(0.2)
-
0.2
0.4
0.6
0.8
(2,000)
(1,500)
(1,000)
(500)
-
500
1,000
1,500
2,000
Q2
2010
Q3
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
Gearing
(NIBD/ TTM* EBITDA)
Gearing 0.3x EBITDA +15% vs. Q2 2011
TTM: Trailing-Twelve-Months
14. Acquisition of Ludowici
Interim Report Q2 2012
15 August 2012Interim Report Q2 2012 14
Acquistion of Ludowici finalised on 3 July 2012
Completes FLSmidth’s concentrator flowsheet used in copper,
gold and other base metals. Enhances coal preparation and
iron ore proprietary technology packages which now cover
most key production steps
Enterprise value AUD 388m (DKK 2.3bn) equivalent to implicit
EV/EBITDA multiple of 13.4x based on 2011 proforma result of
AUD 29m (including full year effect of the acquisitions Meshcape and Amseal)
Estimated effect of Ludowici in H2 2012:
Revenue DKK 0.8bn
EBITA margin 9.2%
Group one-off transaction costs DKK 35m
Effect of purchase price allocations DKK -40m
NIBD DKK 2.3bn
Ludowici will be included evenly in Non-Ferrous and Customer
Services
Substantial sales synergies expected to be achieved over the
next couple of years
15. Market trends
Interim Report Q2 2012
15 August 2012Interim Report Q2 2012 15
Continued strong underlying demand and order intake
- particularly in Non-Ferrous
No significant changes in project pipeline or ongoing
dialogue with customers
However, mining capex outlook appears to have
deteriorated in the short term due to increased
macroeconomic uncertainty
Installation of new mining capacity is currently challenged by
lengthy permitting processes, budget overruns and
slightly tighter financing
Long term prospects remain encouraging
In Cement, proposal activity is high in many parts of the
World. Inquiry levels and tender activity have even started
to pick up in India
18. Strong order intake reflects good market conditions and high capacity utilisation throughout the
non-ferrous industries and in certain regions of the cement business
Clear pattern of increasing quarterly revenue over the calendar year
O&M contracts progressing well and Supercenter build-out in line with plans
Strong growth in order intake and revenue
Customer Services
15 August 2012Interim Report Q2 2012 18
Revenue (quarterly)
DKKm EBITA margin+28% vs. Q2 2011
0.0%
4.0%
8.0%
12.0%
16.0%
20.0%
0
500
1,000
1,500
2,000
2,500
Q2
2010
03
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
0
500
1,000
1,500
2,000
2,500
Q2
2010
03
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
Order intake (quarterly)
+16% vs. Q2 2011DKKm
21. Slightly weakening outlook for Bulk Materials in the short term, but hotlist still encouraging
Prudent tender approach
Primary focus on improved operational excellence
Modest order intake and execution challenges
Bulk Materials
15 August 2012Interim Report Q2 2012 21
Revenue (quarterly)
DKKm EBITA margin+19% vs. Q2 2011
0
500
1,000
1,500
2,000
Q2
2010
03
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
Order intake (quarterly)
+1% vs. Q2 2011DKKm
-4.0%
0.0%
4.0%
8.0%
12.0%
16.0%
-500
0
500
1,000
1,500
2,000
Q2
2010
03
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
22. Tight focus on execution challenges in Bulk Materials
Bulk Materials
15 August 2012Interim Report Q2 2012 22
Bulk Materials Handling business facing challenges related to difficulties in project
execution...
..stemming from underestimated risks in connection with orders received in previous years...
..combined with lack of timely handling and mitigation hereof
A number of initiatives have been put in place, including:
Transfer of project management know-how and best practices from other divisions
New division head and member of Group Executive Management, Carsten Lund took office on 1
July 2012 and has relocated to Wadgassen in Germany, where the Material Handling Technology
Centre is based
Strengthened divisional Management Group
Based on the new management’s assessments, expectations to profitability in 2012 have been
changed from “Stable” to “Decreasing” relative to last year’s EBITA margin of 4.5%
28. 0
500
1,000
1,500
2,000
Q2
2010
03
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
Proposal activity remains high in many parts of the world
The Indian market still subdued, but inquiry levels and tender activity picking up
Strong order execution leading to increase in margins
High order intake and solid order execution
Cement
15 August 2012Interim Report Q2 2012 28
Revenue (quarterly)
DKKm EBITA margin-7% vs. Q2 2011
0.0%
5.0%
10.0%
15.0%
20.0%
0
500
1,000
1,500
2,000
Q2
2010
03
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
Order intake (quarterly)
+47% vs. Q2 2011DKKm
29. Cembrit - Europe’s largest dedicated provider of fibre-cement products
15 August 2012Interim Report Q2 2012 29
30. Cembrit sales process initiated
Cembrit
15 August 2012Interim Report Q2 2012 30
Revenue (quarterly)
DKKm EBITA margin-3% vs. Q2 2011
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
-200
-100
0
100
200
300
400
500
Q2
2010
03
2010
Q4
2010
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
DKKm
Q2
2012
Q2
2011
change
Q1-Q2
2012
Q1-Q2
2011
change
Revenue 383 394 -3% 699 684 +2%
EBITA 33 25 +32% 27 17 +59%
EBITA
margin
8.6% 6.3% 3.9% 2.5%
Part of FLSmidth since 1927 and the only
remaining Building Materials Company in the
Group
Not part of FLSmidth’s long term strategy,
and a sales process is initiated
As a consequence, Cembrit will be reported as
discontinued activities from Q3
FLSmidth cautions that there is no assurance
that the process will in fact lead to a sale and
that no firm timeline has been set for the
completion of the process
32. Financial targets (unchanged)
Future Outlook
15 August 2012Interim Report Q2 2012 32
Financial targets
Annual revenue growth Above market average
EBITA margin 10-13%
Equity ratio >30%
Financial gearing (NIBD/EBITDA) <2
Pay-out ratio 30-50%
CFFI (excl. acquisitions) DKK -700m to -900m
The Board will be considering and adopting new financial targets for Return on Capital Employed
– no later than in connection with the Annual Report for 2012
33. Group Guidance 2012 Previous guidance Actual 2011
Revenue DKK 25-26bn1) DKK 24-26bn DKK 22bn
EBITA ratio ≥10% 10.9%
EBIT ratio 8-9%2) 9-10% 9.9%
Tax rate 30-32% 31%
CFFI (excl. acquisitions
and their subsequent Capex
needs)
DKK -900m DKK -733m
Group guidance 2012 updated
Future Outlook
15 August 2012Interim Report Q2 2012 33
1) Continuing activities - excluding Cembrit, and including Ludowici as of 3 July 2012
2) EBIT-margin expectation reduced due to write-down of capitalized R&D costs of DKK 188m
34. Key take-aways
Strong order intake and solid EBITA results in all segments
except Bulk Materials, where challenges persist
EBIT impacted by DKK 188m one-off write-down of capitalised
R&D costs
Cembrit sales process initiated
Full-year guidance updated
15 August 2012Interim Report Q2 2012 34
35. Questions &
Answers
Visit FLSmidth at MINExpo
in Las Vegas and at our offices
in Salt Lake City, USA
on 26-27 September 2012
Follow us on Twitter: @flsmidth
15 August 2012Interim Report Q2 2012 35