FLSmidth & Co AS (OTCPK:FLIDF)

$ 52 0 (0%) Market Cap: 2.99 Bil Enterprise Value: 3.17 Bil PE Ratio: 31.65 PB Ratio: 1.94 GF Score: 58/100

Q3 2019 Flsmidth & Co A/S Earnings Call Transcript

Oct 29, 2019 / 10:00AM GMT

Release Date Price: $43.59

Transcript

Operator

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.

Thomas Schulz;S;Group CEO

FLSmidth & Co. A

/-

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

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