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FLSmidth targets carbon neutrality by 2030
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FLSmidth receives validation from the Science Based Targets initiative
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FLSmidth A/S: FLSmidth & Co. Group Interim Report for Q1 2021
Order intake increased for the third consecutive quarter
Highlights in Q1 2021
Order intake increased 6% compared to Q4 2020, and organic order intake decreased 19% y-o-y
Organic revenue declined 13% y-o-y, comprising a 7% decrease in mining and a 23% decline in Cement
EBITA margin increased slightly to 5.1%
Positive cash flow and reduction in net debt
Cash focus and business improvement activities deliver results
Continued reshaping of Cement
Order intake increased for the third consecutive quarter, but decreased 19% organically y-o-y compared to the exceptionally strong Q1 2020. Including currency effects and acquisitions, order intake decreased by 24% y-o-y to DKK 4,985m. Sequentially, order intake increased 6% and service orders increased 19%. The order backlog increased by 9% to DKK 16,251m from DKK 14,874m in Q4 2020.
FLSmidth & Co Group Interim Report for Q1 2021
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FLSmidth has seen its order intake increase for the third consecutive quarter in January-March 2021, rising six per cent QoQ, but the organic order int.