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Q2 2019 Flsmidth & Co A/S Earnings Call Transcript
Ladies and gentlemen, welcome to the FLS Half Year Interim Report 2019. Today, I am pleased to present CEO, Thomas Schulz; and Group CFO, Lars Vestergaard. (Operator Instructions) And just as a reminder, the call is being recorded. Speakers, please begin your meeting.
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Hello, everybody. We welcome everybody for our interims report quarter 2 2019 out here of our headquarter in Valby, Copenhagen.
At first, to the key highlights: we had a strong revenue and profitability growth; we had a similar level of order intake; we had positive free cash flow despite a net working capital impact; and the acquisition of IMP was completed in the quarter.
Market outlook. Still positive sentiment in mining and cement market, unchanged.
The guidance is maintained, but we see today a higher likelihood that the revenue will be at the higher end of the guided range and the EBITA at the lower end of the guided range. There will be no implications for the return on capital
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