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Q1 2021 Flsmidth & Co A/S Earnings Call Transcript
Ladies and gentlemen, welcome to the FLS First Quarter Interim Report for 2021. (Operator Instructions) As a reminder, this call is being recorded. Today, I'm pleased to present CEO, Thomas Schulz. Please begin your meeting.
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Hello, everybody. I welcome you to our quarter 1 2021 result and interim's report together with our group CFO, Roland.
If you look into the key highlights for that quarter. We had a solid order intake. Revenue was as expected. And with that, an EBITA margin of 5.1%. That margin was positively impacted by a higher service share, and the first or the results out of the business improvement activities from the last 1 year.
The quarter showed quite a positive cash flow and with better reduction in the net debt. And our reshaping of cement industry continues, which means to make it profitable again and positioning it into the green cement agenda.
If we then look into the market, we have definitely a short-term recovery in Mining as an
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