Today, the Board of Directors of FLSmidth & Co. A/S (FLSmidth) have approved the Q1 2026 Interim Financial Report. In Q1 2026, FLSmidth reported organic revenue growth of -7% and an Adjusted EBITA margin of 15.2%. The financial guidance for the full year 2026 is maintained.
Highlights in Q1 2026:
Order intake increased organically by 8% compared to Q1 2025 driven by the Service and Pumps, Cyclones & Valves (PC&V) businesses, growing organically by 19% and 16%, respectively. Total order intake increased by 3% compared to Q1 2025.
Revenue decreased organically by 7% compared to Q1 2025 driven by timing and order mix in recent quarters. Total revenue decreased by 12% compared to Q1 2025.
The Adjusted EBITA margin was 15.2% in Q1 2026 compared to 14.6% in Q1 2025.
Net profit for the period amounted to DKK 985m compared to DKK 351m in Q1 2025, supported by the gain from the sale of the former headquarter.
Cash flow from operating activities was DKK 103m compared to DKK -12m in Q1 2025.
The financial guidance (ref. Company Announcement no. 09-2026) is maintained.
FLSmidth CEO, Toni Laaksonen, comments: "The first quarter of 2026 developed largely as anticipated. Stable market conditions supported very strong order intake growth in our Service and PC&V businesses, while Products markets remained subdued during the quarter. We are, however, encouraged by early signs of potential momentum in selected commodities. While revenue was lower year-on-year, performance was broadly in line with expectations, and the strong order intake in Service and PC&V supports our growth ambitions for the full year."
Financial guidance for the full year 2026
The financial guidance (ref. Company Announcement no. 09-2026) is maintained.
Organic and reported revenue growth
FLSmidth expects organic revenue in the range of -1% to 4%. Organic revenue growth is measured at constant exchange rates and excludes the effects of acquisitions and disposals.
As a result of the current exchange rates versus the Danish Krone, and assuming that the ...
