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

$ 4.53 0 (0%) Market Cap: 2.58 Bil Enterprise Value: 2.68 Bil PE Ratio: 36.98 PB Ratio: 2.01 GF Score: 70/100

Q3 2022 FLSmidth & Co A/S Earnings Call Transcript

Nov 08, 2022 / 10:00AM GMT

Release Date Price: $2.21

Transcript

Mikko Keto;S;CEO

FLSmidth & Co. A

/-

I would like to welcome everybody to the FLSmidth Interim Report Presentation. I am today joined by Roland Andersen, our group Chief Financial Officer. And if you look at the pictures, I look actually quite happy in the picture because I'm very pleased today that we can actually start to show and demonstrate some potential of what we have for the FLSmidth performance in the coming months and years. And that is especially visible in the legacy FLSmidth numbers.

Roland looks a little bit more serious, and he knows that we need to still do a bit of a cleanup in the company. We setup a noncore business segment. We need to do performance uplift for the formatives and crew part of the portfolio. And then of course we need to meet our synergy targets based on our commitment already next year.

Pay attention to the forward-looking statements and caveats here in the small print.

The most important highlight of the quarter is that mining service order intake grew by more than 50%. And out of that 53%, 46% is from

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