Q3 2019 Flsmidth & Co A/S Earnings Call Transcript
Ladies and gentlemen, welcome to the FLSmidth Third Quarter Interim Report for 2019.
Today, I am pleased to present the CEO, Thomas Schulz; and the group CFO, Lars Vestergaard. For the first part of this call, all participants will be in listen-only mode and afterwards, there will be a question-and-answer session. As a reminder, this call is being recorded. Speakers, please begin.
/-
Hello, everybody. I wish a warm welcome to all who listen in to our Quarter 3 2019 report. At first, to the key highlights. Positive free cash flow in the quarter, lower capital order intake, record-high service order intake, revenue increased as expected, and the EBITDA margin declined to 8.0%.
We had, on the 11th of October, guidance change from lower end of 9% to 10%, what we communicated at the end of Quarter 2 to around 8% for the full year, and we will come in the presentation, of course, for the root cause for that and what we are doing about it.
Then to the market
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
