May 11, 2023 / 08:00AM GMT
Mikko Keto - FLSmidth & Co. A/S-Group CEO
Good morning everybody. I would like to welcome you to FLSmidth Q1 '23 Investor Presentation. Together with me, I'm joined by Roland Andersen, our Group CFO.
The usual forward-looking statement caveats are on the screen now. The highlight of the quarter one was that we have an excellent start on our transformation journey. Mining EBITA was 9.6% is adjusted and also that take into account that there's an underlying dilution from mining technology part of the portfolio, 2 percentage points. So adjusted EBITA 9.6%, annual at TK 2 percentage points higher. It's good start for the year.
Order intake cost was solid 15% supported by volume that we acquired from mining technology. Revenue was especially good for the quarter. We are progressing well with our transformation journey. Also regarding synergy takeout. We are slightly ahead of the plan and we reduced to about 800 full time employees in mining, and also as a part of the cement transformation journey, about 500 from cement.
Moving on to cement, the
Q1 2023 FLSmidth & Co A/S Earnings Call Transcript
Feb 13, 2024
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