DOW JONES NEWSWIRES
Denmark's FLSmidth A/S (FLS.KO), the world's leading supplier of
machinery and services to the minerals and cement industries,
Thursday said 2010 fourth-quarter net profit fell to DKK329 million
from DKK408 million in the same period a year ago, and that it
expects an increasing order intake of major cement projects in 2011
compared to 2010.
MAIN FACTS:
- The company expects full-year revenue in 2011 to amount to
between DKK21 billion to DKK22 billion, and an Ebit ratio of
9%-10%.
- Analysts had expected net profit in the fourth quarter of
DKK410.3 million.
- Fourth-quarter Ebit amounted to DKK536 million, down from
DKK764 million in the same period a year ago.
- Fourth-quarter revenue amounted to DKK5.52 billion, down from
DKK6.54 billion a year ago.
- Full year revenue amounted to DKK20.19 billion.
- The board proposes to raise the dividend to DKK9, up from DKK7
last year.
- The order backlog increased by 12% to DKK23.71 billion at the
end of 2010, up from DKK 21.19 billion.
- The order intake increased 56% in 2010 to DKK20.78 billion, up
from DKK13.32 billion in 2009.
- The company sees full-year 2011 cembrit revenue at DKK1.4
billion and full-year 2011 minerals revenue at DKK10 billion-DKK11
billion.
- Shares closed at DKK476 Wednesday, valuing the company at
DKK25.32 billion.
-By Jens Hansegard, Dow Jones Newswires; +46-8-5451-3095;
jens.hansegard@dowjones.com
