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Q1 2019 Flsmidth & Co A/S Earnings Call Transcript
Hello and welcome to the FLSmidth First Quarter Interim Report 2019. Today, I am pleased to present CEO Thomas Schulz; and Group CFO Lars Vestergaard. (Operator Instructions) And as a reminder, please note that this call is being recorded. Speakers, please begin your meeting.
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Hello, everybody. We welcome you to our Quarter 1 2019 interim report for our company FLSmidth here out of Valby in Denmark.
At first, the key highlights. We had a strong order intake. We have quite a solid order backlog, seasonal low revenue in the first quarter, the profitability declined in the first quarter due to Cement and a positive free cash flow. The market outlook for mining remains at a good level. The cement market outlook is unchanged. Guidance for 2019 is maintained based on the higher revenue particularly in Mining, what we will get, and improved profitability in Cement.
In this first quarter 2019 interim report and presentation, we now present our sustainability footprint
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