Danish engineering group FLSmidth & Co. on Thursday raised its full-year profit forecast while trimming its revenue outlook, citing customer-driven project delays.
The company, which recently completed its transformation into a pure-play mining supplier, now expects an adjusted EBITA margin of 15.0% to 15.5% for 2025, up from a previous range of 14.0% to 14.5%.
The full-year revenue forecast was lowered to between 14.5 billion and 15.0 billion Danish kroner from a prior expectation of around 15.0 billion kroner, according to the company.
FLSmidth attributed the lower revenue guidance to delays in the execution of certain product orders and adverse foreign exchange rate movements.
The improved profitability outlook reflects stronger-than-anticipated benefits from business simplification and operational efficiency measures, the company said.
The update came as the company released preliminary second-quarter results, showing an adjusted EBITA margin of 15.2%.
FLSmidth said it expects market demand for aftermarket services to remain stable, while the market for new equipment is expected to remain soft.
More from this issuer
Related coverage
FLSmidth Chief Executive Mikko Keto will step down after leading the Danish engineering group through its transformation into a pure-play mining supplier, the company said Sunday.
FLSmidth & Co. lowered its full-year revenue forecast on Wednesday, as a weak market for new equipment weighed on its first quarterly report since becoming a pure-play mining supplier.
Danish engineering group FLSmidth said Friday it has closed the sale of its Cement business, completing a strategic pivot that ends its 143-year history in the sector to focus solely on the global mining industry.
Danish engineering group FLSmidth & Co. said Tuesday it has received all regulatory approvals for the sale of its Cement business, a final step in its pivot to focus solely on the mining industry.