Flsmidth & Co A/S B Shs (FLIDF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and good afternoon everyone and welcome to the FLS Q2 investor call. My name is Toni Laaksonen and I'll be presenting today with our CFO Roland Andersen and we start the presentation with the Q2 highlights. So first deep diving to the market and commercial aspects and from there we can say that with two business lines we saw excellent development in Q2. The service business line continued their strong commercial performance with their order intake and we were growing plus 14% organically in Q2 which was excellent development and continued development compared to the previous quarters. Then with our pump cyclones and valves we demonstrated similar great development We were gaining some shares from the market and grew 18% organically in Q2, which was clearly ahead of the certain peers. Then on the other hand, With our orders we saw some development now with the bigger larger orders and the first one was now awarded during the quarter that came from South Asia for our products business line and it was around 300 million DKK and in this case we were awarded to the supply technologies related to an iron ore beneficiation project. So a good order for us and demonstrates that the market activity is building up also with the bigger projects. Then a few words on the financial highlights. So our revenue development was great throughout the business lines. So all three business lines demonstrated excellent revenue conversion in Q2 and we were growing organically by 16%. Then on the other hand, this revenue conversion was showing up in our margins and EBITDA margin improved significantly and we landed at the level of 17.3. So good development there. So a 2% jump from the previous year. So great development. Then one of the development areas for us is the cash flow. ...