Cement News tagged under: Denmark

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FLSmidth's revenue guidance for 2020 is DKK15.5-17bn

28 August 2020, Published under Cement News

FLSmidth's revenue in 2020 is forecast to be DKK15.5bn-17bn (US$2.48bn-2.72bn), says the company. EBITA margin is expected to be 4.5-6 per cent, which takes into account around DKK210m of implementation costs related to business improvement activities. On 23 March FLSmidth's financial guidance for 2020 was suspended due to the global uncertainty caused by the COVID-19 pandemic. On 28 April the company announced that full-year results were expected to be below the initial guidance. Visibilit...

FLSmidth's 2Q20 preliminary report sees 29% decline in order intakes

27 July 2020, Published under Cement News

FLSmidth released its preliminary 2Q20 report ahead of the full interim 2Q20 results due to the volatility in order intake and revenue combined with the suspension of guidance caused by COVID-19. Across all regions, the mining industry and especially the cement industry have been negatively affected by the pandemic. In the 2Q20, organic order intake declined 29 per cent and organic revenue dropped 26 per cent YoY. Order intake totalled DKK3348m (US$526.2m) compared to DKK4954m in 2Q19. Reve...

HeidelbergCement’s Nordic light

11 May 2020, Published under Cement News

The countries of Denmark, Norway and Sweden are part of HeidelbergCement Group’s Northern and Eastern Europe-Central Asia division. In an exclusive interview, ICR speaks with Giv K Brantenberg, general manager of HeidelbergCement Northern Europe, to find out about the company’s engagement with these three Nordic markets. ICR speaks with Giv K Brantenberg, general manager of HeidelbergCement Northern Europe ICR: How are the construction markets in Denmark, Norway and Sweden perf...

Nordic cement’s green shoots

04 May 2020, Published under Cement News

The Nordic cement industry is a relatively small player in Europe. Still, its plants are some of the most advanced in the world and are pioneering projects for alternative fuels and carbon capture and storage. The region entered 2020 with expectations of improved sales, driven by infrastructure projects and hopes of a housing recovery. However, the coronavirus pandemic is expected to inhibit this growth. Owned by CRH, Finnsementti’s 1.1Mta cement plant at Parainen saw the domestic mar...

FLSmidth appoints Mikko Tepponen as new chief digital officer

03 March 2020, Published under Cement News

FLSmidth has named Mikko Tepponen as its new chief digital officer, effective 1 June 2020. Mr Tepponen was previously employed by Finland-based Wärtsilä, where he gained extensive experience. He brings to FLSmidth knowledge in digital transformation of industrial companies as well as experience in terms of digital topics such as product development, internal efficiencies, customer behaviour, data architecture and a digital culture. These will also be focus areas for him in FLSmidth. FLSmidt...

FLSmidth reduces workforce by 500

21 January 2020, Published under Cement News

As part of business improvement initiatives announced at the end of last year, current industry caution and delays tied to large capital investments, Denmark-based FLSmidth is adjusting the number of its employees by approximately 500, said the company in a statement. It is expected that around 80 people from the Copenhagen headquarters will be dismissed along with around 420 staff in offices around the world. “Despite a healthy pipeline, this is an unfortunate yet necessary action giv...

FLSmidth appoints new Mining Industry President

13 January 2020, Published under Cement News

Mikko Keto will join FLSmidth as President, Mining Industry and member of Group Executive Management. The appointment comes following Manfred Schaffer’s decision to retire in 2020. Mikko Keto joins FLSmidth from Metso, where he has worked for 10 years of which the last two years as President, Minerals Services and Pumps. He also served as a member of the company's Executive Team. 
 FLSmidth CEO, Thomas Schulz, said: "Mikko Keto will lead the FLSmidth Mining organisation in capturing profit...

FLSmidth announces new CFO

17 December 2019, Published under Cement News

Denmark-based equipment supplier FLSmidth has appointed Roland M Andersen as chief financial officer and member of the group’s executive management. Roland M. Andersen joins FLSmidth from NKT and brings 25 years of experience and new competences through his time as CFO with public as well as private equity owned companies. He held prior CFO roles at AP Moller Maersk, Telenor/Cybercity, Torm and most recently NKT, where he played a key role in leading the company through strategic transform...

FLSmidth adjusts 2019 EBITDA guidance

14 October 2019, Published under Cement News

FLSmidth revises its financial guidance for the full-year 2019. Revenue is now expected to be in the range of DKK20-21bn (US$2.95-3bn). The EBITA margin is now expected to be around eight per cent down from previous estimates of 9-10 per cent. Return on capital employed is now expected to be 10-12 per cent (previously 12-14 per cent). FLSmidth specified that it expected the full-year EBITA margin to be in the lower end of the range of 9-10 per cent due to 'a different development in busin...

IMP Automation Group boosts FLSmidth mining portfolio

04 June 2019, Published under Cement News

Following the approval of the competition authorities, IMP Automation Group has now officially become a part of FLSmidth. With the acquisition, first announced in February, FLSmidth completes its portfolio of automated laboratory solutions for the mining industry. "With the closing of the deal, we can now start the next phase in our product evolution. The benefits of the joint portfolio are immediately available to our customers, and our pipeline is strong. We are confident that our produc...