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Q2 2023 FLSmidth & Co A/S Earnings Call Transcript
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Ladies and gentlemen, welcome to the earnings call of FLSmidth for quarter 2 and first half of the year. The usual presenters, myself, Mikko Keto; and my colleague, Group CFO, Roland Andersen. And the usual forward-looking statements that you need to bear in mind.
If I highlight the quarter, the company transformation is progressing well. It's progressing exactly as we planned and a bit faster. Other main takeaway from this one is that the exit from NCA is progressing much faster than even I anticipated when we started the journey 9 months ago.
If you look at the Mining order intake growth of 6%, for me that is pretty okay. If I dive into mining order intake development, in the product orders, there has been some timing, as you saw some orders coming in immediately after closing our second quarter. And when we went through the pipeline of quotations and wins, we are basically winning the business that we want to win.
Service order intake was slightly below my personal expectation for the quarter.
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