FLSmidth & Co. A/S (FLIDF) CEO Thomas Schulz on Q1 2019 Results - Earnings Call Transcript [Seeking Alpha]
FLSMIDTH & CO A/S S/ADR (FLIDY)
NASDAQ:AMEX Investor Relations:
flsmidth.com
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Source: Seeking Alpha
FLSmidth & Co. A/S (FLIDF) CEO Thomas Schulz on Q1 2019 Results - Earnings Call Transcript FLSmidth & Co. A/S ( OTC:FLIDF Company Participants Thomas Schulz - CEO Lars Vestergaard - CFO Conference Call Participants Magnus Kruber - UBS Kristian Johansen - Danske Bank Andrew Wilson - JPMorgan Claus Almer - Nordea Mikael Petersen - SEB Klaus Kehl - Nykredit Markets Julia Cohen - Goldman Sachs Hello, everybody. We welcome you to our Quarter One of 2019 interim report for our company FLSmidth here out of Valby in Denmark. First, the key highlights. We had a strong order intake. We have quite a solid order backlog, seasonal low revenue in the first quarter, the profitability declined in the first quarter due to Cement and a positive free cash flow. The market outlook for mining remains at a good level. The cement market outlook is unchanged. Guidance for 2019 is maintained based on the higher revenue particularly in Mining, what we will get, and improved profitability in Cement. In this fir
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