Change in communication policy regarding new orders
(Thomson Reuters ONE) -
Company Announcement No. 13-2016:
Following the new EU Market Abuse Regulation, FLSmidth will as of 7 July 2016
adjust its communication policy regarding new orders. In the future, there will
no longer be a specific monetary threshold for disclosing orders via company
announcements. Only orders of strategic importance and orders with a significant
impact on the financial results of the current financial year will be disclosed
as company announcements. Also, disclosure will no longer be contingent on
receipt of down payment but rather on contract signing only.
Since 2005, our communication policy has been to disclose all orders above DKK
200m. However, during the past ten years, the Group's revenue has increased
significantly and at the same time, it has become much more dependent on
activities related to Customer Services and Product Companies. As a consequence,
individual large orders will only rarely have a significant impact on the
financial result for the year and thus on the share price. In the future,
FLSmidth will make an individual assessment of the potential impact on the share
price of any new contract and hence the need for disclosure based on a
combination of size, strategic aspects and long-term potential.
FLSmidth will continue to publish information on other selected orders via its
press release distribution service. FLSmidth uses NASDAQ's GlobeNewswire for the
distribution of both company announcements and press releases. To subscribe to
company announcements and press releases, please sign up here
For more information on FLSmidth's communications policy, please read more
-------------------------------------
Contact Investor Relations:
Pernille Friis Andersen, +4536181887, pefa(at)flsmidth.com
Nicolai Mauritzen, +4536181851, nicm(at)flsmidth.com
Contact Media Relations:
Sofie Karen Lindberg, +4530931877, skl(at)flsmidth.com
FLSmidth is the market-leading supplier of productivity to the global mining and
cement industries. Headquartered in Copenhagen, Denmark, and with offices in
more than 50 countries, FLSmidth delivers engineering, equipment and service
solutions to customers worldwide.
Productivity, sustainability, and quality are focus areas for the 13,000
employees in FLSmidth. The company generates annual revenue of approximately
DKK 20 billion.
Read more on www.flsmidth.com
Link to PDF:
http://hugin.info/2106/R/2026770/753182.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#2026770]
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"Change in communication policy regarding new orders"
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