Kommentar: FLSmidth er kommet med 1. kvartalsregnskab for 2021. Udmærket regnskab for industrivirksomheden, der viser bedring i deres minedrift. Cement er fortsat en udfordring og forventes ikke at være EBITA positiv i 2021. En potentiel kurstrigger ligger i forhandlingerne med Thyssenkrupp, hvor FLS er interesseret i deres cementdivison. Tallene er ikke imponerende på nuværende tidspunkt, omsætning faldt fra 3,713 mio. DKK mod 4,525 mio. DKK.
Forventninger til 2021:
FLSmidth maintains its guidance for group revenue of DKK 15.5-17.0bn and a group EBITA margin of 5-6%. The guidance is based on continued impact from the pandemic in Q2 2021, where business activity is expected to remain low. In certain parts of the world, the pandemic impact is likely to last beyond H1 2021.
Thomas Schulz, commented: “There is a strong correlation between the pandemic and business activity. The global vaccination programmes provide hope of easing restrictions and a gradual improvement in business sentiment in the second half of the year. Surging infection rates in parts of the world could however slow down the pace of recovery.”
The outlook for the mining industry remains positive. For 2021, the Mining business revenue and EBITA are expected to grow in the second half of the year and the EBITA margin is expected to be high-single digit for the full-year.
The outlook for the cement industry remains impacted by overcapacity and slow recovery. The Cement business revenue is expected to decline further in 2021, and initiatives to reshape the Cement business are ongoing. The Cement business is not expected to be EBITA positive in 2021 due to continued Cement reshaping costs and low capacity utilisation in the service business until the pandemic eases.
