FLSmidth's Q3 Results: Disappointing Products Segment

FLSmidths Q3 results disappoint, with lower-than-expected orders and revenue, primarily due to delays in project execution and a weaker performance in their Products business segment. Despite a decrease in revenue and slightly lower EBITA, the company maintains its adjusted EBITA margin guidance and improved cash flow from operations. The Service division and Pumps, Cyclones, and Ventilation unit performed well, while the Products division faced a significant drop in new orders and revenue.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.