Q4 2019 Flsmidth & Co A/S Earnings Call Transcript
Ladies and gentlemen, welcome to the FLSmidth's Annual Reports 2019. (Operator Instructions) As a reminder, this call is being recorded.
Today, I'm pleased to present, CEO, Thomas Schulz, please begin.
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Hello, everybody. I welcome you all around the world for our annual report 2019. And today with me is our Interim CFO, Naja.
And first, to the key highlights. We had the highest revenue in 6 years. We had quite an increased service order intake, a lower capital order intake and an increased cash flow with a higher EBITA but unsatisfactory margin.
We have a good demand for service, both in Cement as well as in Mining, but we see, at the same time, continued customer hesitation on large capital investments.
If we then look into the guidance for 2020. We guide on revenue, DKK 18.5 billion to DKK 20.5 billion, with an EBITA margin 8% to 9%, and we proposed a dividend of DKK 8 per share.
Let us come at first to the guidance. We realized on
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