Mining equipment maker FLSmidth has lowered its 2025 full-year sales outlook but maintained previous margin guidance.
The company, which recently wrapped up the sale of its cement business to focus on mining, is targeting full-year revenues at the bottom end of its previous 14.5-to-15 billion Danish krone guidance range (US$2.26-2.33 billion).
“The adjustment reflects the expectation of delayed project execution as well as adverse foreign exchange rate movements,” it said.
“Compared to 2024 we expect market demand for aftermarket services in the global mining industry to remain stable and active, whereas the market demand for equipment is expected to remain soft.”
Full-year adjusted EBITA margins of 15-15.5% continued to be forecast.
Comparable Q3 revenues were 15% lower year-on-year at DKK3.45 billion while sales for the first nine months of 2025 were 8% below 2024 at DKK10.54 billion.
“We sustained solid strategic and operational momentum through the quarter despite a persistently soft equipment market,” said FLS CEO Mikko Keto.
“Engineering and planning activity remained high yet the uncertain timing of project sanctioning weighed on products order intake, which declined organically by 38%.
“In contrast service order intake grew organically by 10%, underscoring continued demand for productivity-enhancing solutions.
“The closing of the divestment of our cement business marks the beginning of our next chapter as a pure-play supplier of technologies and services to the global mining industry.”
FLS said its order backlog was at DKK4.92 billion at the end of September compared with DKK5.06 billion a year earlier.
No large orders were announced in Q3 2025 whereas a cDKK340 million deal was announced in Q3 2024.
