Q3 2020 Flsmidth & Co A/S Earnings Call Transcript
Ladies and gentlemen, welcome to the FLSmidth First to Third Quarter Interim Report 2020. Today, I'm pleased to present CEO, Thomas Schulz; CFO, Roland M. Andersen. (Operator Instructions) As a reminder, this call is being recorded. Speaker, please begin.
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Hello, everybody. I welcome all people around the world for our interims report quarter 3 2020 here out of Copenhagen. The key highlights what we have. At first, if we compare quarter 3 2020 with quarter 3 2019, we had a continued negative impact from the pandemic, order intake -- on order intake, on revenue and EBITA and we had a quite strong cash flow in the quarter.
But what we saw too is that we had an increase in order intake and EBITA versus the quarter 2 this year and quite a stable revenue. And our business improvement program is already completed at the end of this quarter. The market outlook. We see short-term recovery in Mining, and we see no short- to midterm recovery in Cement. The visibility based on the
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