Flsmidth & Co A/S B Shs (FLIDF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to FLSMIT quarter one 25 earnings call. We are very pleased about the result that we were able to deliver on quarter one. The highlights are that we exceeded expectations with the order execution in service. Backlog management, supply chain, the improvements what we've done in that area are now visible in higher than expected revenue. And of course, service revenue is driving the profitability. Very pleased with that one. Order intake both in capital and service is in line with our expectations and we see areas for growth inside those numbers and we've seen growth in consumables and also pumps and cyclones related capital orders. So those are two areas that we've seen year-on-year growth. Adjusted EBITDA. 15.1%. It means that we are now in the category of a quality company. That is a big milestone for us. We want to become and be the quality company in 2025. It means high quality order intake for products, high quality order intake for services, predictable high margin revenues. In cement, we reached the agreement for exclusivity with a potential buyer. And now we have a period of exclusivity where we are aiming for closing of the sale of the cement. At the core level, we are welcoming two new presidents, Julian to be president for mining products for capital business, and Toni Laaksonen as a head of services, expected to join in beginning of June. We also seized non-co-activities, so that is now officially closed, so that segment does not exist. and there's more backlog and which is now part of the mining capital. We are very confident about our performance and therefore we increase our guidance for the full year. Regarding ESD and sustainability, we are advancing with most of the KPIs well ahead of the plan and last year only area which requires continued a...