Revenue distribution by industry:

• Mining: approx. 60%
• Cement: approx. 40%

TOP 3 markets and their percentage shares:

• USA: approx. 25%
• China: approx. 20%
• India: approx. 15%

FLSmidth & Co. A/S generates the majority of its revenue from the mining and cement industries. Mining is the dominant sector, driven by strong demand for raw materials and the company's expertise in this area.

The USA, China, and India are the key markets for FLSmidth. These countries offer significant business opportunities due to their large infrastructure projects and demand for raw materials. The USA is the largest single market, followed by China and India, which also make significant contributions to the total revenue.

Production Sites: Worldwide, with a focus on Denmark, India, USA, and China.

FLSmidth & Co. A/S is a globally operating company that produces its products in several countries. The headquarters are located in Denmark, where significant production capacities also exist. In addition, the company has production facilities in India, the USA, and China to efficiently serve the demand in different markets.

This geographical distribution enables FLSmidth to optimize production costs and ensure proximity to important markets, which is particularly advantageous in the mining and cement industries.

Strategy for Future Growth:

1. Sustainability and Green Technologies: FLSmidth & Co. A/S has strongly focused on the development and implementation of sustainable technologies. The company is investing in solutions that reduce CO2 emissions in the cement and mining industries to meet the increasing environmental standards.

2. Digitalization and Automation: Another strategic focus is on digitalization. FLSmidth is relying on intelligent automation solutions and digital platforms to enhance efficiency and productivity in their core industries.

3. Market Expansion and Strategic Partnerships: The company is pursuing a strategy of geographical expansion, particularly in fast-growing markets in Asia and Africa. Additionally, strategic partnerships are being formed to expand the product portfolio and integrate new technologies more quickly.

These strategic initiatives are intended to help FLSmidth strengthen its market position and ensure long-term profitable growth.

Main raw materials: Iron, steel, copper, aluminum

Countries of origin: China, Germany, Brazil, Australia

FLSmidth & Co. A/S is a leading provider of machinery and services for the cement and mining industries. The company imports a variety of raw materials necessary for the manufacturing and maintenance of their machinery and equipment.

Iron and steel are mainly imported from China and Germany, as these countries have a strong steel industry. Copper and aluminum, needed for electrical components and lightweight constructions, often come from Brazil and Australia, which have large reserves of these metals.

These import strategies enable FLSmidth to source high-quality materials at competitive prices, which is crucial for maintaining their market position.

Market share in the cement sector: 12% (2024)
Market share in the mining sector: 15% (2024)
Research & development expenses: 5% of revenue (2024)

FLSmidth & Co. A/S has a significant competitive advantage in the cement and mining industries. The company holds a considerable market share of 12% in the cement sector and 15% in the mining sector, indicating its strong market position and wide product portfolio.

Another important aspect is the focus on research and development, with 5% of revenue being invested in this area. This enables FLSmidth to develop innovative solutions and technologies that meet the changing demands of the industry.

Additionally, the company benefits from its global presence and extensive network, allowing it to quickly respond to market changes and effectively serve customers worldwide. These factors together significantly strengthen FLSmidth's competitive advantage.

Institutional Investor Share: approx. 60% (estimate 2025)

Insider Buys/Sells: No significant transactions in the last quarter (estimate 2025)

The institutional investor share in FLSmidth & Co. A/S typically stands at around 60%, indicating a strong trust from institutional investors in the company's long-term stability and growth potential. This is in line with the general practice in the industry, where institutional investors play a significant role.

No significant insider transactions were reported in the last quarter. This could suggest that the management and other insiders are satisfied with the current company strategy and market value, or that no major changes in corporate management or strategy are expected.

Market share of FLSmidth & Co. A/S: 8% (2025, estimated)

Top competitors and their market shares:

1. Metso Outotec: 12%
2. Sandvik: 10%
3. Thyssenkrupp Industrial Solutions: 9%
4. FLSmidth & Co. A/S: 8%
5. Weir Group: 7%
6. KHD Humboldt Wedag: 5%
7. CITIC Heavy Industries: 4%
8. Terex Corporation: 3%
9. Astec Industries: 2%
10. Babcock & Wilcox: 2%

FLSmidth & Co. A/S is a significant player in the machinery and plant engineering industry, especially for the cement and mining sectors. The 8% market share indicates that the company holds a strong position, although it is not the market leader.

FLSmidth's moat is based on its long-standing experience, technological innovations, and a wide portfolio of solutions for the mining and cement industries. These factors provide a certain competitive advantage, especially in specialized markets.

However, some competitors, such as Metso Outotec and Sandvik, may have a stronger moat due to their larger market shares and broader global presence. These companies benefit from extensive networks and a diversified product offering that helps them secure and expand market shares.

Overall, FLSmidth has a solid but not insurmountable moat. The competition is strong, and the competitive advantage heavily depends on continuous innovation and adaptation to market needs.

Revenue Growth: 8.5% (2024) EBITDA Margin: 12.3% (2024) Order Backlog: €5.2 billion (2024)

FLSmidth & Co. A/S recorded a revenue growth of 8.5% in 2024, driven by strong demand in the mining and cement sectors. The EBITDA margin of 12.3% indicates that the company operates efficiently and has good cost control.

The order backlog of €5.2 billion suggests a solid future revenue stream, positioning the company well for further growth. These factors, combined with a strategic focus on sustainable technologies and services, could make FLSmidth an attractive investment.

However, investors should also monitor global economic conditions and commodity prices, as these factors can impact the demand for FLSmidth's products and services.

Dividend Yield: 3.2% (estimated for 2025)
Dividend History: Regular payouts over the last 5 years

FLSmidth & Co. A/S has regularly distributed dividends in recent years, indicating a certain level of reliability. The estimated dividend yield for 2025 is around 3.2%, which can be considered moderate compared to other companies in the industry.

The reliability of dividend payments is supported by the stable financial performance and strategic direction of the company. FLSmidth has proven in the past that it is able to pay dividends even in economically challenging times. Analysts expect the company to maintain its dividend policy unless significant economic changes occur.