FLSmidth reported a 19 per cent increase in order intake for 1Q16 to DKK5.281bn (US$797m), mainly due to the receipt of a large order in a quarter which is usually quiet. Revenue fell by 20 per cent in January with the recovery in February and March unable to offset the drop. Total revenues for the quarter reached DKK3.758bn, down from DKK4.683bn a year ago. The revenue shortfall impacted on operational leverage, which led to an EBITA margin of 6.5 per cent (down from 8.5 per cent in 1Q15) despite divisional gross margins holding up. EBITA fell from DKK400m in 1Q15 to DKK246m in 1Q16.