FLSmidth order intake and revenue falls as economic growth sentiment becomes “gloomier”

By Kasia Patel
Published: Friday, 07 November 2014

Despite recent predictions that the mining equipment industry is expected to grow at a CAGR of 8.5%, FLSmidth’s third quarter results show that market uncertainty has increased and that mining capex is still expected to decline for the remainder of the year.

Danish processing company FLSmidth has reported a reduction in net working capital and lower order intake for the third quarter of 2014 as a result of low mining investments and increased market uncertainty.

Order intake for the company decreased 3% for Q3 2014 year-on-year (y-o-y) to Danish Krone (DKr) 4,502m...

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