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FLSmidth's order book takes COVID-19 hit

Danish mining engineering company FLSmidth saw order intake decrease by 5% to DKK 18.5 billion (US$3.2 billion) in 2020 with its mining divisions riding out the COVID-19 storm better than its cement business.

Craig Guthrie
Mining divisions riding out the COVID-19 storm better than cement

Mining divisions riding out the COVID-19 storm better than cement

The company's order intake saw 13% growth in mining, and a 22% decline in cement in 2020. Group revenue decreased by 20% to DKK 16 billion, while EBITA fell 54% to DKK 777 million in 2020 from DKK 1.6...

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