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FLSmidth delivers engineering, equipment, and service solutions for the global mining and cement industries. Its products include heavy machinery, system designs, and ongoing maintenance and optimization services that help customers run mines and cement plants more efficiently. The company is moving toward a service-driven model, expanding its digital offerings and strengthening its manufacturing and supply chain to support faster, data-driven maintenance, spare-parts logistics, and plant optimization. It is differentiating itself through a focused portfolio strategy that includes separating its Mining and Cement divisions and divesting non-core assets, such as the Air Pollution Control business, while pursuing a pure-play approach in its core areas. The goal is to improve profitability by concentrating on core businesses, simplifying operations, and growing recurring service revenue and digital solutions across its global footprint.
Industries
Data & Analytics
Industrial & Manufacturing
Enterprise Software
Company Size
10,001+
Company Stage
IPO
Headquarters
Copenhagen, Denmark
Founded
1882
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FLSmidth has appointed Petri Virrankoski as President of its Service Business Line, with him expected to join during 2027. Until then, Alanas Kraujalis will remain interim President. The appointment comes as FLSmidth prepares for its next growth phase, planning to pursue both organic growth and strategic acquisitions with particular focus on strengthening the Service Business Line. Virrankoski will lead this effort whilst maintaining profitability across the business. Virrankoski joins from Sandvik's Surface Drilling Division, where he has served as President since 2019. Under his leadership, the division achieved significant market share gains, sales growth and improved profitability. CEO Toni Laaksonen said Virrankoski's mining industry expertise and track record of driving growth made him ideal for the role.
FLSmidth reported an 8% organic increase in order intake for Q1 2026, driven by strong growth in its Service and Pumps, Cyclones & Valves businesses, which grew 19% and 16% organically respectively. Total order intake rose 3% compared to Q1 2025. Revenue declined 7% organically year-on-year due to timing and order mix, whilst total revenue fell 12%. The adjusted EBITA margin improved to 15.2% from 14.6% in Q1 2025. Net profit reached DKK 985 million, up from DKK 351 million, supported by gains from selling the former headquarters. CEO Toni Laaksonen noted stable market conditions supported service growth whilst product markets remained subdued. The company maintained its full-year 2026 guidance of -1% to 4% organic revenue growth.
FLSmidth has completed the sale of its former corporate headquarters at Vigerslev Allé 77 in Valby, Denmark, to Nrep and AG Gruppen. The transaction generated net cash proceeds of approximately DKK 730 million and an accounting gain of roughly DKK 690 million, both recognised in the first quarter of 2026. The sale involved all shares in FLSmidth's subsidiary, Matr. No. 2055 A/S, which owned the land and buildings. The financial results align with the company's previous announcement in Company Announcement No. 9-2025. FLSmidth is a technology and service supplier to the global mining industry, focused on improving performance whilst reducing environmental impact through its MissionZero sustainability initiative.
FLSmidth (FLS) has announced a joint venture with Texnopark, a local industrial company, to establish a service centre in Uzbekistan. The partnership marks a strategic push to accelerate growth in Central Asia's expanding mining sector. The service centre will be built in phases using a modular setup, allowing for expansion as more local mines become operational. It will provide on-site maintenance, technical support, spare parts management and digital solutions to customers in Uzbekistan and the wider Central Asian region. CEO Toni Laaksonen said the joint venture reflects FLS' commitment to customer proximity and supporting Uzbekistan's growing mining industry. The venture will leverage both companies' strengths to enhance local operational capabilities and accelerate service offerings. Financial terms were not disclosed.
Launch of the partnership between TEXNOPARK and FLSmidth Inc. (U.S.). 17.03.2026 A ceremony to ratify the shareholders' agreement was held at TEXNOPARK. The document was signed by TEXNOPARK CEO Sarvar Akhadov and Peter James Flanagan, Senior Vice President of FLSmidth Inc. The agreement reaffirms the commitment to establishing a joint venture aimed at a further, mutually beneficial partnership. As part of the deal, the new joint venture "FLS TEXNO" is also being launched. The company's primary focus is providing maintenance services for FLSmidth Inc.'s technological equipment for the mining industry operating in Uzbekistan. In the future, the production of components for this equipment at the "FLS TEXNO" facility is also planned. P.S. The general agreement between the partners was signed on September 22, 2025, during the working visit of Shavkat Mirziyoyev, President of the Republic of Uzbekistan, to the United States, as part of his participation in the 80th anniversary session of the UN General Assembly. FLSmidth (FLS) is a global multinational company in the mining industry with headquarters in Salt Lake City (USA) and Copenhagen (Denmark). slide 2 to 3 of 3 slide 2 to 3 of 5
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Industries
Data & Analytics
Industrial & Manufacturing
Enterprise Software
Company Size
10,001+
Company Stage
IPO
Headquarters
Copenhagen, Denmark
Founded
1882
Find jobs on Simplify and start your career today