Flsmidth & Co A/S B Shs (FLIDF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Cure Call from FLS. My name is Toni Laaksonen and I will be presenting today with our CFO, Roland Andersen. We start from depth. So first going to the market and commercial highlights. On the service and PCV side, we saw very strong development with our organic growth. So in both business lines, the order intake was growing with double-digit numbers. With services we captured 19% organic growth compared to last year and with BCV 16%. So very strong development which reflects that the market activity remains high at the brownfield sites. Then with the products, we saw different developments. There the market is more like subdued and we didn't capture growth. The order intake was declining compared to last year, but still the underlying market activity remains positive. Then, when going to the revenue figures, our revenue declined organically by 7%, and that was driven by the timing and order mix based on the recent quarters. On the profitability side, we saw positive development compared to Q1-25, so our EBITDA margin percentage increased, and it was 15.2%. in Q1 and it was in line with our financial forecast for this year. Then with the cash flow we saw satisfactory development so the cash flow improved compared to last year so good year-on-year development and that was a positive sign for this year. Then a few strategic and corporate highlights from Q1 and one highlight after the quarter so The sale of the former corporate headquarter was completed and we received the cash from the deal and that was one major milestone for us. Then we had certain changes with our executive leadership team as we are gearing towards the new strategy and new period in the company's development. And then one positive milestone which is then reflecting the products, activi...