Market Overview

FLSmidth Q4 Net Profit Drops 19%

Related FLIDY
FLSmidth Q1 Net Profit Surges 39%
FLSmidth Posts Upbeat Q4 Net Profit, Expects Rise In Revenue
FLSmidth Should See A Sharper Recovery In 2018 (Seeking Alpha)

FLSmidth & Co A/S (OTC: FLIDY) reported a 19% decline in its fourth quarter net profit.

FLSmidth projects 2013 sales of DKK27 billion to DKK30 billion, versus sales of DKK24.85 billion in 2012.

FLSmidth's quarterly net profit dropped to DKK462 million, versus DKK567 million, in the year-ago period.

Its sales climbed 16% to DKK8.05 billion, from DKK6.91 billion. However, analysts were expecting a profit of DKK498.1 million on sales of DKK8.23 billion.

Its EBIT fell 8.1% to DKK796 million, from DKK865 million, versus estimates of DKK813.8 million.

FLSmidth shares closed at $6.25 yesterday.

Posted-In: profitEarnings News Guidance


Related Articles (FLIDY)

View Comments and Join the Discussion!