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

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WEBVTT 00:00:00.031 -- 00:00:05.037 Welcome to the Cure Call from FLS. My name is Toni Laaksonen and 00:00:05.037 -- 00:00:09.543 I will be presenting today with our CFO, Roland Andersen. 00:00:09.543 -- 00:00:15.991 We start from depth. So first going to the market and commercial highlights. 00:00:15.991 -- 00:00:21.278 On the service and PCV side, we saw very strong development 00:00:21.278 -- 00:00:26.365 with our organic growth. So in both business lines, the order 00:00:26.365 -- 00:00:29.377 intake was growing with double-digit numbers. 00:00:29.377 -- 00:00:34.610 With services we captured 19% organic growth compared 00:00:34.610 -- 00:00:38.795 to last year and with BCV 16%. 00:00:38.800 -- 00:00:44.173 So very strong development which reflects that the market activity 00:00:44.173 -- 00:00:49.310 remains high at the brownfield sites. Then with the products, 00:00:49.310 -- 00:00:54.397 we saw different developments. There the market is more like subdued 00:00:54.397 -- 00:00:59.805 and we didn't capture growth. The order intake was declining 00:00:59.805 -- 00:01:05.793 compared to last year, but still the underlying market activity remains 00:01:05.793 -- 00:01:07.227 positive. 00:01:07.227 -- 00:01:12.594 Then, when going to the revenue figures, our revenue declined organically 00:01:12.594 -- 00:01:17.760 by 7%, and that was driven by the timing and order mix based 00:01:17.760 -- 00:01:20.243 on the recent quarters. 00:01:20.243 -- 00:01:25.910 On the profitability side, we saw positive development compared to Q1-25, 00:01:25.910 -- 00:01:32.335 so our EBITDA margin percentage increased, and it was 15.2%. 00:01:33.012 -- 00:01:38.078 in Q1 and it was in line with our financial forecast for this 00:01:38.078 -- 00:01:39.580 year. 00:01:39.580 -- 00:01:45....