COPENHAGEN, 12-Jul-2016 — /EuropaWire/ — Following the new EU Market Abuse Regulation, FLSmidth will as of 7 July 2016 adjust its communication policy regarding new orders. In the future, there will no longer be a specific monetary threshold for disclosing orders via company announcements. Only orders of strategic importance and orders with a significant impact on the financial results of the current financial year will be disclosed as company announcements. Also, disclosure will no longer be contingent on receipt of down payment but rather on contract signing only.
Since 2005, our communication policy has been to disclose all orders above DKK 200m. However, during the past ten years, the Group’s revenue has increased significantly and at the same time, it has become much more dependent on activities related to Customer Services and Product Companies. As a consequence, individual large orders will only rarely have a significant impact on the financial result for the year and thus on the share price. In the future, FLSmidth will make an individual assessment of the potential impact on the share price of any new contract and hence the need for disclosure based on a combination of size, strategic aspects and long-term potential.
FLSmidth will continue to publish information on other selected orders via its press release distribution service. FLSmidth uses NASDAQ’s GlobeNewswire for the distribution of both company announcements and press releases. To subscribe to company announcements and press releases, please sign up here
For more information on FLSmidth’s communications policy, please read more
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FLSmidth is the market-leading supplier of productivity to the global mining and cement industries. Headquartered in Copenhagen, Denmark, and with offices in more than 50 countries, FLSmidth delivers engineering, equipment and service solutions to customers worldwide.
Productivity, sustainability, and quality are focus areas for the 13,000 employees in FLSmidth. The company generates annual revenue of approximately DKK 20 billion.
Read more on www.flsmidth.com