Kommentar: FlSmidth er kommet med 3. kvartalsregnskab for 2020. Virksomheden er blandt de hårdest ramt af Covid-19 og tredje kvartal er ingen undtagelse. Omsætninger lander på 3.834 mio. kr. mod 4.736 mio. kr. i Q3 2019 svarende til -19%. CEO udtaler at specielt cement divisionen er hårdt ramt af udskydelser af projekter og investeringer. Med det lave aktivitetsniveau har FLS haft mulighed for at betale af på deres gæld på baggrund af et forbedret pengestrømme. Net interest-bearing debt faldt til 1.936 mio. kr. mod 2.298 mio. kr. i Q2 2020.
Forventninger til 2020:
Our full year guidance was reinstated on 28 August, based on the following assumptions:
- No further escalation of COVID-19
- No further extensive lockdowns or travel restrictions occurring before year-end
- A gradual improvement in business sentiment for the remainder of 2020
- Business improvement implementation costs of around DKK 210m (now expected to be DKK 222m) are included in the guidance
We have seen a stabilisation of business activities, but with the increasing spread of COVID-19, we have not seen the gradual improvement in business sentiment that we had assumed in our base case scenario. Consequently, we narrow our 2020 revenue guidance to around DKK 16bn (previously DKK 15.5-17.0bn) and the EBITA margin guidance to 4.5-5.0% (previously 4.5-6.0%).
