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