FLSmidth reach agreement to exit O&M contracts in Nigeria
(Thomson Reuters ONE) -
Company Announcement to the Danish Financial Supervisory Authority No.
07-2015, 6 May 2015
In November 2013, FLSmidth signed a number of contracts with the Nigerian cement
producer Dangote Cement PLC for operation and maintenance of production lines at
their Ibese and Obajana cement plants in Nigeria for a period of five years (see
Company Announcement No. 27-2013, 4 November 2013).
Due to changed market conditions, Dangote Cement and FLSmidth have reached an
agreement to end the operation and maintenance collaboration on the two plants.
The discontinuation of the O&M contracts will have no impact on FLSmidth's Group
guidance for 2015. However, the demobilisation in Nigeria will have a negative
impact on EBITA in the Customer Services division in the first quarter in 2015
of DKK -73m. Additionally, the order backlog has been reduced by DKK 671m at the
end of Q1 2015 as a consequence of the agreement.
-------------------------------------
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/1919393/687196.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#1919393]
Unternehmensinformation / Kurzprofil:
Datum: 06.05.2015 - 17:33 Uhr
Sprache: Deutsch
News-ID 391482
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Valby
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