Oct 29, 2019 / 10:00AM GMT
Operator
Ladies and gentlemen, welcome to the FLSmidth Third Quarter Interim Report for 2019.
Today, I am pleased to present the CEO, Thomas Schulz; and the group CFO, Lars Vestergaard. For the first part of this call, all participants will be in listen-only mode and afterwards, there will be a question-and-answer session. As a reminder, this call is being recorded. Speakers, please begin.
Thomas Schulz - FLSmidth & Co. A/S-Group CEO
Hello, everybody. I wish a warm welcome to all who listen in to our Quarter 3 2019 report. At first, to the key highlights. Positive free cash flow in the quarter, lower capital order intake, record-high service order intake, revenue increased as expected, and the EBITDA margin declined to 8.0%.
We had, on the 11th of October, guidance change from lower end of 9% to 10%, what we communicated at the end of Quarter 2 to around 8% for the full year, and we will come in the presentation, of course, for the root cause for that and what we are doing about it.
Then to the market
Q3 2019 Flsmidth & Co A/S Earnings Call Transcript
Feb 13, 2024
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