FLSmidth Capital Market Day 2014
(Thomson Reuters ONE) -
Company Announcement to the Danish Financial Supervisory Authority No.
25-2014, 11 December 2014
Today, FLSmidth will host a Capital Market Day in Valby, Denmark.
The purpose of the Capital Market Day is to explain the rationale behind the new
divisional structure from 1 January 2015 and to present each of the divisions.
The following information will be published in connection with the Capital
Market Day:
The Group's long term financial targets remain unchanged:
* Return on Capital Employed (ROCE) >20%
* EBITA margin over the cycle 10-13%
* Financial gearing (NIBD/EBITDA) <2
* Pay-out ratio 30-50%
The divisional long term targets supporting the Group's long term financial
targets are as follows:
+-----------------+----------------+----------------+--------------------------+
| |Growth |EBITA% |Net Working Capital as |
| |(over the cycle)|(over the cycle)|pct. of revenue |
+-----------------+----------------+----------------+--------------------------+
|Customer Services|5-10% |>15% |15-20% |
+-----------------+----------------+----------------+--------------------------+
|Minerals |5-6% |3-8% |Negative |
+-----------------+----------------+----------------+--------------------------+
|Cement |3-5% |3-8% |Negative |
+-----------------+----------------+----------------+--------------------------+
|Product Companies|5-10% |12-15% |~15% |
+-----------------+----------------+----------------+--------------------------+
The long term financial targets will replace specific and detailed divisional
guidance in the future.
For restated quarterly financial numbers for 2012-2014 for the new divisions
please see the following link: http://www.flsmidth.com/en-
US/Investor+Relations/Download+Center/Financial+Presentations
FLSmidth has successfully extended its core DKK 5bn revolving credit facility
for 5 years, with strong support from an extended group of close relationship
banks. The facility includes two one-year extension options. The credit facility
covers the Group's financing needs for the coming years and will result in
reduced financing costs. The facility was provided by Danske Bank, Nordea, BNP
Paribas, Commerzbank, HSBC and Svenska Handelsbanken.
The expectations to the financial results in 2014 remain unchanged. The
expectations were published on 12 February 2014, and were confirmed on 7
November 2014 in connection with the Q3 interim report.
-------------------------------------
Please address any questions regarding this announcement to Group Chief
Executive Officer Thomas Schulz, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations
Link to PDF version:
http://hugin.info/2106/R/1879173/662526.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: FLSmidth via GlobeNewswire
[HUG#1879173]
Unternehmensinformation / Kurzprofil:
Datum: 11.12.2014 - 13:44 Uhr
Sprache: Deutsch
News-ID 358893
Anzahl Zeichen: 4083
contact information:
Town:
Valby
Kategorie:
Business News
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