Denmark: FLSmidth's cement revenues fell by 26% year-on-year to US$616m in 2024.
Cement gross profit fell by 3% to US$204m. The producer attributed the decline to divestments and withdrawal from project-orientated business.
Group revenues, including both the Mining and Cement businesses, fell by 16% year-on-year to US$2.8bn. Group gross profit rose by 8% year-on-year to US$905m.
The company said that it expects the short-term outlook for the cement industry to remain impacted by ‘macroeconomic uncertainty’.
