Denmark: FLSmidth’s order intake for its cement business grew by 29% to Euro604m in the first half of 2019 from Euro469m in the same period in 2018. It said this was mainly due to ‘strong’ order intake in the first quarter of 2019, which included two large cement orders, together worth around Euro120m. The second quarter also included a larger order worth Euro45m. The division’s revenue rose by 7% to Euro548m and its earnings before interest, taxation, depreciation and amortisation (EBITDA) remained stable at Euro28.4m.
Cement orders in first quarter drive FLSmidth’s intake so far in 2019
Written by Global Cement staff
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