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Strong cash flow and stable organic order intake in 2020
Highlights in 2020
Group revenue declined 16% organically
The EBITA margin decreased to 4.7%
Strong cash flow, reduction in net working capital and net debt
Sequential improvement in both order intake, revenue and EBITA
Group business improvement programme was completed
Outlook for Mining remains positive
Continued reshaping of our Cement business
Organically, the order intake in 2020 was on par with last year, comprising a 13% growth in Mining and a 22% decline in Cement. Including currency effects and acquisitions, order intake decreased by 5% to DKK 18,524m.
FLSmidth Group CEO, Thomas Schulz, commented: 2020 was impacted operationally and financially by the pandemic, which has presented both challenges and opportunities
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Çimko Çimento chooses FLSmidth as supplier for grey-to-white cement conversion project
TM burner, a Rotary cooler and a
OK
. The project is expected to be commissioned in early 2022.
Work will start later this year at Cimko Cimento s existing production line, located near Adiyaman in south-eastern Turkey. Once completed, the upgraded line will offer Çimko Çimento new opportunities to expand its product range and enter new markets.
White cement is especially sought-after in countries with relatively hot climates, as it tends to keep buildings cooler with its reflective characteristics. In addition, as a high-quality, value-added product, white cement is often used in the construction of innovative buildings and important landmarks.
Company Announcement No. 1-2021, 15 January 2021 FLSmidth today announces that it is in negotiations with ThyssenKrupp concerning an acquisition of ThyssenKrupp's mining business. The negotiations
FLSmidth announces the sale of its Möller pneumatic conveying systems business to REEL
On 29 December, 2020, FLSmidth entered into a definitive agreement to sell its Germany-based Möller business to French conglomerate REEL. REEL is an industrial group specialising in complex handling and lifting systems with annual sales of €400m.
Möller, also known as FLSmidth Hamburg GmbH, is a specialist in design, supply, installation and service of pneumatic conveying systems. The company caters to the power and aluminium industries. All of Möller s 60 employees will join the REEL family.
Möller, founded in 1934, was acquired by FLSmidth in 1996 with the intention of enhancing FLSmidth s business in the power sector which is no longer a sector of focus for FLSmidth.