FLSmidth & Co AS (OTCPK:FLIDY)

$ 4.88 0 (0%) Market Cap: 2.77 Bil Enterprise Value: 2.94 Bil PE Ratio: 31.10 PB Ratio: 1.87 GF Score: 63/100

Flsmidth & Co A/S to Acquire Thyssenkrupp AG Mining Business Call Transcript

Jul 29, 2021 / 12:00PM GMT

Release Date Price: $3.72

Transcript

Operator

Ladies and gentlemen, welcome to the FLS conference call. (Operator Instructions) And as a reminder, this call is being recorded.

Today, I'm pleased to present CEO, Thomas Schulz. Please begin.

Thomas Schulz;S;Group CEO

FLSmidth & Co. A

/-

Hello, everybody. I welcome each and everyone around the world for the information on the signing date for the acquisition of the ThyssenKrupp Mining business for us, FLSmidth, here out of Copenhagen. When we look at from the bigger picture, this is a milestone decision what we do to build, yes, further on our productivity provider #1 position in the world.

We come similar as ThyssenKrupp Mining looks today from being a big project and some service company and made in the last 5 to 10 years, the journey towards the productivity provider #1 in the mining industry, built on sustainability and digitalization. That acquisition is a significant acceleration on our ambition to be leading in that sector. If we look into this transformational acquisition at first for the

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