Global Cement
Unmatached fuel flexibility with Pyrorotor - KHD
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Cut your energy costs with our high-performance lubricants and services - Kluber Lubrication
Optimizing your cement plant. Empowering your team. CemAI - Cement Intelligence
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
News FLSmidth Q2 profit dented by write-off

FLSmidth Q2 profit dented by write-off

Written by Global Cement staff 15 August 2012
  • Print

Denmark: Cement equipment provider FLSmidth has reported that its second-quarter net profit for 2012 fell by 24% to Euro30m as increased costs and big write-downs outweighed growth in its revenue. Its profit in the same period in 2011 was Euro38.8m.

FLSmidth saw its revenue improve by 26% year-on-year, to Euro811m from Euro644m. Order intake also grew substantially by 20%, to Euro973m from Euro812m. As a result, earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 32%, to Euro90m from Euro68.2m.

However, amortisation and write-downs of intangible assets jumped to Euro34.4m from Euro5.51m, which had a negative effect on overall profit. This negative item consisted mainly of a one-off Euro25.3m write-down of capitalised research and development costs.

FLSmidth registered strong order intake and earnings before interest, tax and amortisation (EBITA) in all its segments except for Bulk Materials, which has been experiencing difficulties in project execution as a result of underestimated risks in connection with orders received in previous years. For its cement sector two major orders in the USA and the Middle East were received in the second quarter. The period saw a order intake rise by 47%, to Euro256m from Euro173m.

Last modified on 22 August 2012
Published in Global Cement News
Tagged under
  • Results
  • FLSmidth
  • Denmark
  • GCW63

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

Related items

  • Aalborg Portland signs letter of intent for carbon storage with Fidelis New Energy
  • Cimbria merges Danish subsidiaries
  • FLSmidth acquires Morse Rubber
  • Update on slag in the US, May 2023
  • Akmenes Cementas benefits from ban on cement from Belarus
back to top
P84 HT filter bags ensure the best filtration performance - Evonik - Leading Beyond Chemistry
Original Services - Flender
“Chains
Cement industry - Reliable & cost saving lubricants - Creative value all along your process - TotalEnergies - Find out more
AI Modules - The Kima Process
Loesche - Innovative Engineering
Airscape - The new sealing standard for transfer points in conveying systems
“Register
Acquisition Cemex China CO2 concrete coronavirus Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Mexico Nigeria Pakistan Plant Product Production Results Russia Sales Sustainability UK Upgrade US
« June 2023 »
Mon Tue Wed Thu Fri Sat Sun
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30    



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemCCUS
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global CemTrans
  • Global ConChems
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • Asian Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2023 Pro Global Media Ltd. All rights reserved.