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FLSmidth H1 2026 Interim Financial Report: Continued strong order growth and higher revenue conversion support full-year guidance adjustment
- FLS.CO
- FLS
COMPANY ANNOUNCEMENT NO. 40-2026
FLSmidth & Co. A/S
19 August 2026
Copenhagen, Denmark
Today, the Board of Directors of FLSmidth & Co. A/S (FLSmidth) have approved the H1 2026 Interim Financial Report. In H1 2026, FLSmidth reported organic revenue growth of 4% and an Adjusted EBITA margin of 16.4%. The financial guidance for the full year 2026 is adjusted.
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Order intake increased organically by 13% compared to Q2 2025 supported by organic growth in order intake across all three business lines. Total order intake increased by 14% compared to Q2 2025.
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Revenue increased organically by 16% compared to Q2 2025 driven by organic growth across all three business lines. Total revenue increased by 17% compared to Q2 2025.
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The Adjusted EBITA margin was 17.3% in Q2 2026 compared to 15.2% in Q2 2025.
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Net profit for the period amounted to DKK 441m compared to DKK 260m for the continuing activities in Q2 2025.
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Cash flow from operating activities was DKK -84m compared to DKK 527m in Q2 2025.
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Four new appointments to the Executive Leadership Team to support accelerated growth journey.
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The financial guidance for the full year 2026 is adjusted, with the organic revenue growth now expected at 0% to 4% (previously -1% to 4%) and the Adj. EBITA margin now expected at 16.0% to 16.5% (previously 15.5% to 16.5%).
FLSmidth CEO, Toni Laaksonen, comments:“The second quarter of 2026 delivered strong commercial and financial performance, with revenue growth accelerating across all three business lines. Service and PC&V continued to generate robust order intake growth, while Products order intake was impacted by the timing of final investment decisions on several larger customer projects. We are encouraged by the continued development of the pipeline, particularly within copper and gold, and remain confident in the short-to-medium-term project outlook. Combined with the resilience of our Service and PC&V businesses and improving operational performance, this supports our decision to adjust our full-year financial guidance.”
Financial guidance for the full year 2026
The financial guidance for the full year 2026 is adjusted.
Organic and reported revenue growth
FLSmidth now expects organic revenue growth in the range of 0% to 4% (previously -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 current exchange rates are unchanged for the remainder of the year, the reported revenue growth is expected to be around one percentage point higher than the expected organic revenue growth. The organic revenue growth guidance reflects the expectation of:
