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FLSmidth has over the past 130 years developed a business culture based on three fundamental values: competence, responsibility and cooperation. The Groups in-house resources are primarily engineers who develop, plan, design, install and service equipment, with most of the manufacturing being outsourced to a global network of subcontractors. This has proved to be both a robust and sustainable business model. FLSmidth, therefore, has relatively few tangible assets and fixed costs leading to a flexible cost structure, which makes it possible to plan and adjust resources. FLSmidth is a learning organization, and our employees are our most valuable asset. As we continue to evolve, we will place even greater emphasis on performance and on attracting, developing and retaining people who can enhance our highperformance culture. FLSmidth carries out a focused effort in the area of research and development aiming at fulfilling customers future needs in terms of innovative technical solutions, high reliability and availability, minimum environmental impact and the lowest possible product lifecycle costs.
FLSmidth & Co. A/S Vigerslev All 77 DK- 2500 Valby Tlf: + 45 36 18 18 00 Fax: + 45 36 30 44 41 corppr@flsmidth.com www.flsmidth.com
Investor Relations: Pernille Friis Andersen Tlf: + 45 3618 1887 E-mail: pefa@flsmidth.com Corporate Communications: Jesper B. Larsen Tlf: + 45 3618 1877 E-mail: jebl@flsmidth.com
FLSmidth in brief
FLSmidth is a market-leading supplier of equipment and services to the global minerals and cement industries. FLSmidth supplies everything from single machine units to complete minerals and cement flow sheets including associated services. With more than 13,000 employees, FLSmidth is a global company with headquarters in Denmark and local presence in more than 50 countries including project and technology centres in Denmark, India, USA and Germany. In 2011, the total revenue amounted to DKKbn 22.
Core activities
FLSmidth delivers a unique combination of technology, service and expertise to its customers. FLSmidth primarily focuses on the following industries: coal, iron ore, fertilizer minerals, copper, gold and cement, and has the ambition of being among the leading and Revenue 2011 each of these industries. preferred suppliers in
by segment
Ownership structure
FLSmidth & Co. A/S has been listed on NASDAQ OMX Copenhagen since 1968 and has around 56,800 registered shareholders. In addition, some 3,650 present and former employees hold shares in the company. FLSmidths share capital amounts to 53,200,000 issued shares at DKK 20 each. Each share entitles the holder to 20 votes. No shareholders have reported a shareholding exceeding 5%, and the FLSmidth & Co. share has a free float of 98%.
Minerals 56%
Cement 37%
Minerals
As at 31 December 2011
FLSmidth is among the leading suppliers of systems, process plants, single machinery, spare parts, knowhow, services and maintenance to the global minerals industries. 2011 proved to be a record year for Minerals both in terms of order intake, revenue and earnings.
Key figures Minerals 2011 (as at 31 December 2011) Revenue DKKm 12,374 (2010: DKKm 9,587) DKKm 1,306 (2010: DKKm 987) DKKm 15,900 (2010: DKKm 10,982) DKKm 13,408 (2010: DKKm 9,752)
Cement*
Minerals
Customer Services
Bulk* Materials
Non-Ferrous
Cement
Cement
Since 1882, FLSmidth has been the leading supplier of complete cement plants, production lines, single machinery, spare parts, knowhow, services and maintenance to the global cement industry.
Key figures Cement 2011 (as at 31 December 2011) Revenue DKKm 8,367 (2010: DKKm 9,372) DKKm 837 (2010: DKKm 1,017) DKKm 8,248 (2010: DKKm 10,036) DKKm 13,838 (2010: DKKm 14,146) EBIT
Projects and Products Projects and Products
41%
*) Some product companies that previously belongedrevenue is related to minerals.the new to Cement have under moved to Bulk Materials because a considerable part of their structure moved to Bulk Materials because a considerable part of their revenu is related to minerals.
*) Some product companies that previously belonged to Cement have under the new structure
2%
18%
As at 31 December 2011