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

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WEBVTT 00:00:00.183 -- 00:00:04.317 Welcome to FLSMIT quarter one 25 earnings 00:00:04.317 -- 00:00:06.317 call. 00:00:07.246 -- 00:00:13.220 We are very pleased about the result that we were able to deliver on quarter one. 00:00:13.463 -- 00:00:18.749 The highlights are that we exceeded expectations 00:00:18.749 -- 00:00:22.413 with the order execution in service. 00:00:22.413 -- 00:00:27.939 Backlog management, supply chain, the improvements what we've done in that area 00:00:27.939 -- 00:00:32.645 are now visible in higher than expected revenue. 00:00:32.645 -- 00:00:35.889 And of course, service revenue is driving the profitability. 00:00:35.889 -- 00:00:38.489 Very pleased with that one. 00:00:38.489 -- 00:00:45.159 Order intake both in capital and service is in line with our expectations 00:00:45.159 -- 00:00:50.187 and we see areas for growth inside those numbers and 00:00:50.187 -- 00:00:53.833 we've seen growth in consumables 00:00:53.833 -- 00:00:55.696 and also 00:00:55.696 -- 00:00:59.382 pumps and cyclones related capital orders. 00:00:59.382 -- 00:01:04.066 So those are two areas that we've seen year-on-year growth. 00:01:04.750 -- 00:01:06.856 Adjusted EBITDA. 00:01:06.856 -- 00:01:09.537 15.1%. It 00:01:10.121 -- 00:01:14.909 means that we are now in the category of a quality company. 00:01:14.909 -- 00:01:20.618 That is a big milestone for us. We want to become and be the quality company in 2025. 00:01:20.618 -- 00:01:22.120 It 00:01:22.120 -- 00:01:24.203 means high 00:01:24.203 -- 00:01:29.652 quality order intake for products, high quality order intake for services, 00:01:29.652 -- 00:01:33.274 predictable high margin revenues. 00:01:34.582 -- 00:01:38.451 In cement, we reached the agreement 00:01:38.451 -- 00:01:43.463 for exclusivity with a pote...