FLSmidth & Co. A/S (OTCPK:FLIDY)

$ 4.53 0 (0%) Market Cap: 2.58 Bil Enterprise Value: 2.68 Bil PE Ratio: 36.47 PB Ratio: 1.98 GF Score: 71/100

Q1 2022 FLSmidth & Co A/S Earnings Call Transcript

May 05, 2022 / 09:00AM GMT

Release Date Price: $2.62

Transcript

Mikko Keto;S;Group CEO

FLSmidth & Co. A

/-

Welcome to the Investor Presentation for FLSmidth Result for Quarter 1 '22. My name Mikko Keto, and I am here joined by Roland. And as you can see from the pictures, we're happy faces. So we are very pleased for the result of the first quarter. Sun is shining outside, the office in Copenhagen. So life is quite good at the moment.

Forward-looking statement, please note that there's a high level answer because of geopolitics and other events. So when we are making future statements, you need to use disclaimer on back of your mind. Then starting, with more somber note regarding war in Ukraine and impact it has for the people and for the business. We told to the market that we were forecasting DKK 1.5 billion revenues out of Russia this year.

In the first quarter, we realized about DKK 380 million out of DKK 1.5 billion. And there's still high level of uncertainty what will happen during this year for the difference between DKK 1.5 billion and DKK 380 million. We are winding down our activities in Russia and of

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