FLSmidth makes further gains in first half of 2017

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Denmark: Cement plant manufacturer FLSmidth has seen its revenue increase by 11% year-on-year in the first half of 2017, as its earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 25%. The group highlighted that strong momentum in orders from service activities continued along with a higher operating profit, despite one-off costs. Revenues were Euro1.21bn, while cement sector revenues were Euro140m.

"We are pleased to report solid progress towards our key performance indicator targets. The group's service activities continue to benefit from the firming global growth and improvement in confidence. With the second quarter marking the fourth consecutive quarter of strong aftermarket momentum, especially in mining, the service business is stabilising at a higher level," said CEO Thomas Schulz.

Last modified on 16 August 2017

URL: https://globalcement.com/news/item/6433-flsmidth-makes-further-gains-in-first-half-of-2017

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