FLSmidth (FLS) SEB Nordic Seminar presentation summary

Key strategic actions and portfolio development

• Achieved target mining technology and service portfolio through strategic initiatives and portfolio pruning.

• Reduced risk in order intake and exited non-strategic activities, including bulk material handling and basic labor contracts.

• Lowered third-party content in commercial contracts to streamline operations.

Financial performance and margin expansion

• Mining gross profit and SG&A costs show structural margin expansion, with gross profit ratio to sales rising and SG&A costs declining.

• EBITA margin target for FY2026 set at 14.5%, with current progression in the 13-15% range.

Operational transformation and growth platform

• Scaled back-office functions and established three global business centers in Chennai, Monterrey, and Bucharest.

• Implemented the OneMining operating model and updated ERP platform.

• Reinvested synergies from Mining Technologies acquisition into commercial front-end, especially PC & V business.