The Interim Report can be accessed via the FLSmidth web site:
The main conclusions of the Interim Report are as follows:
Developments in the first quarter of 2006
- The turnover rose 7% to DKK 2,356m, up from DKK 2,209m in the first quarter of 2005.
- Earnings before interest and tax (EBIT) rose to DKK 106m, up from DKK 25m in the first quarter of 2005
- Earnings before tax (EBT) rose to DKK 115m from DKK 50m in the first quarter of 2005
- The order intake rose 37% to DKK 4,534m, up from DKK 3,311m in the first quarter of 2005.
- Cash flows from operating activities rose to DKK 299m from DKK 124m in the first quarter of 2005
- The expectations for the cement market in 2006 have been upgraded from the previously announced approximately 50m tonnes per year to approximately 65m tonnes per year new contracted cement kiln capacity (exclusive of China).
Prospects for 2006
FLSmidth & Co. upgrades its expectations for the year's turnover and financial result:
- Consolidated turnover DKK 11 - 12bn (previous expectation: approx. DKK 11bn)
- Earnings before interest and tax (EBIT) DKK 525 - 575m (previous expectation: approx. DKK 525m)
- Earnings before tax (EBT) DKK 550 - 600m (previous expectation approx. DKK 550m)
A telephone conference regarding the Interim Report will be held today at 15.45 hours. For further details, please visit www.flsmidth.com.
FLSmidth's interactive electronic Interim Report
Via the web site you can download figures and tables in excel spreadsheet format, and via the search engine you can look for figures and texts across the entire Report.
Direct link: http://annualreport.fls.com/2006_q1
FLSmidth & Co. A/S
Corporate Public Relations