How has Mikko Keto's remuneration changed compared to FLSmidth's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2025	n/a	n/a	DKK 1b
Jun 30 2025	n/a	n/a	DKK 1b
Mar 31 2025	n/a	n/a	DKK 1b
Dec 31 2024	DKK 22m	DKK 8m	DKK 1b
Sep 30 2024	n/a	n/a	DKK 684m
Jun 30 2024	n/a	n/a	DKK 722m
Mar 31 2024	n/a	n/a	DKK 774m
Dec 31 2023	DKK 24m	DKK 8m	DKK 678m
Sep 30 2023	n/a	n/a	DKK 426m
Jun 30 2023	n/a	n/a	DKK 321m
Mar 31 2023	n/a	n/a	DKK 344m
Dec 31 2022	DKK 16m	DKK 8m	DKK 369m

Compensation vs Market: Mikko's total compensation ($USD3.50M) is about average for companies of similar size in the Danish market ($USD3.07M).

Compensation vs Earnings: Mikko's compensation has been consistent with company performance over the past year.

CEO

Mikko Keto (58 yo)

4yrs

Tenure

DKK 22,241,000

Compensation

Mr. Mikko Keto served as President of Mining Industry at FLSmidth & Co. A/S since January 2021 until January 1, 2022 and serves as Group Chief Executive Officer since January 1, 2022. Mr. Keto has been emp...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mikko Keto	Group Chief Executive Officer	4yrs	DKK 22.24m	0.0049% DKK 1.2m
Roland Andersen	Group Chief Financial Officer	5.5yrs	DKK 12.93m	0.049% DKK 12.0m
Jannick Denholt	Head of Investor Relations	no data	no data	no data
Cori Petersen	Chief People Officer & EVP of Global Business Services	7.8yrs	no data	0.0072% DKK 1.8m
Deon de Kock	President	no data	no data	no data
Patrick Turner	President of Pumps	2yrs	no data	no data
Claudio Bernal	President of Region South America	6yrs	no data	no data
Tamer Eid	President of Region Australia	5.3yrs	no data	no data
Marnus Fick	President of Region North America	3.9yrs	no data	no data
Wouter de Groot	Head of Sustainability	no data	no data	no data
Mike Lefler	Head of Separation Product Group & Vice President	no data	no data	no data
Alanas Kraujalis	Senior VP & Head of Consumables	no data	no data	no data

5.3yrs

Average Tenure

57.5yo

Average Age

Experienced Management: FLS's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thrasyvoulos Moraitis	Independent Director	6.8yrs	DKK 930.00k	0.0019% DKK 459.6k
Mads Nipper	Independent Chairman	3.8yrs	DKK 950.00k	0.0023% DKK 561.8k
Lars Engstrom	Independent Director	less than a year	no data	no data
Anna Hyvonen	Director	1.8yrs	DKK 435.00k	0.00019% DKK 46.2k
Christian Bruch	Independent Vice Chairman	less than a year	no data	no data
Anne Eberhard	Independent Director	8.8yrs	DKK 775.00k	0.0038% DKK 921.7k
Rune Wichmann	Independent Director	less than a year	no data	no data
Nour Amrani	Employee-Elected Member of Board	1yr	no data	no data
Saleh Mahmoud Kamal Abdelhamid Elghamrawy	Employee-Elected Board Member	less than a year	no data	no data
Henrik Jørgensen	Employee-Elected Board Member	less than a year	no data	no data

0.9yrs

Average Tenure

59.5yo

Average Age

Experienced Board: FLS's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/01 00:16
End of Day Share Price	2025/12/30 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

FLSmidth & Co. A/S is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Vladimir Sergievskii	Barclays
Xin Wang	Barclays

FLSmidth Management

Management criteria checks 3/4

Key information

Recent management updates

Group Chief Executive Officer recently sold kr.8.5m worth of stock

Mikko Keto to Step Down as Chief Executive Officer of FLSmidth & Co. A/S During First Half of 2026

Group Chief Executive Officer recently sold kr.7.9m worth of stock

FLSmidth & Co. A/S, Annual General Meeting, Mar 24, 2026

High number of new directors

FLSmidth & Co. A/S Announces Board Appointments

Recent updates

FLSmidth (CPH:FLS) Is Doing The Right Things To Multiply Its Share Price

Group Chief Executive Officer recently sold kr.8.5m worth of stock

Consensus EPS estimates increase by 13%

Mikko Keto to Step Down as Chief Executive Officer of FLSmidth & Co. A/S During First Half of 2026

Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

FLSmidth & Co. A/S to Report Q1, 2026 Results on May 13, 2026

FLSmidth (CPH:FLS) Seems To Use Debt Quite Sensibly

Consensus EPS estimates fall by 22%

An Intrinsic Calculation For FLSmidth & Co. A/S (CPH:FLS) Suggests It's 28% Undervalued

New major risk - Market cap size

Consensus EPS estimates fall by 11%

We Like These Underlying Return On Capital Trends At FLSmidth (CPH:FLS)

Consensus EPS estimates fall by 15%

Analysts Are Updating Their FLSmidth & Co. A/S (CPH:FLS) Estimates After Its Half-Year Results

Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates fall by 11%

We Think FLSmidth (CPH:FLS) Can Stay On Top Of Its Debt

Consensus EPS estimates fall by 21%

Analysts Are More Bearish On FLSmidth & Co. A/S (CPH:FLS) Than They Used To Be

Consensus revenue estimates fall by 20%

Group Chief Executive Officer recently sold kr.7.9m worth of stock

FLSmidth & Co. A/S, Annual General Meeting, Mar 24, 2026

Nrep NSF V Fund, a fund managed by NREP A/S, and AG GRUPPEN A/S entered into a share purchase agreement to acquire Matr. No 2055 A/S from FLSmidth & Co. A/S (CPSE:FLS) for DKK 730 million.

What Does FLSmidth & Co. A/S's (CPH:FLS) Share Price Indicate?

FLSmidth's (CPH:FLS) Returns On Capital Are Heading Higher

First quarter 2025 earnings released: EPS: kr.6.10 (vs kr.3.40 in 1Q 2024)

What FLSmidth & Co. A/S' (CPH:FLS) 31% Share Price Gain Is Not Telling You

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

An Intrinsic Calculation For FLSmidth & Co. A/S (CPH:FLS) Suggests It's 47% Undervalued

High number of new directors

FLS Advances Sustainability Through Innovation with its New Mill Liners Recycling Service Offering

Investor sentiment deteriorates as stock falls 21%

FLSmidth & Co. A/S Announces Board Appointments

FLSmidth & Co. A/S' (CPH:FLS) P/E Still Appears To Be Reasonable

Upcoming dividend of kr.8.00 per share

At kr.350, Is It Time To Put FLSmidth & Co. A/S (CPH:FLS) On Your Watch List?

Dividend increased to kr.8.00

FLSmidth & Co. A/S, Annual General Meeting, Apr 02, 2025

FLSmidth & Co. A/S Proposes Dividend for 2024

New minor risk - Dividend sustainability

FLSmidth & Co. A/S Provides Consolidated Earnings Guidance for the Full Year 2025

Full year 2024 earnings: EPS exceeds analyst expectations

FLSmidth Announces Group Executive Management Appointments

Is FLSmidth (CPH:FLS) Using Too Much Debt?

An Intrinsic Calculation For FLSmidth & Co. A/S (CPH:FLS) Suggests It's 44% Undervalued

New ERP System And Uzbekistan Agreement Will Improve Mining Operations By 2026

FLSmidth & Co. A/S Announces Not Seek Re-Election of Board Members

Flsmidth Announces Changes to Group Executive Management

FLSmidth (CPH:FLS) Might Have The Makings Of A Multi-Bagger

Market Participants Recognise FLSmidth & Co. A/S' (CPH:FLS) Earnings

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

FLSmidth & Co. A/S to Report Q3, 2025 Results on Nov 12, 2025

At kr.356, Is FLSmidth & Co. A/S (CPH:FLS) Worth Looking At Closely?

Are Investors Undervaluing FLSmidth & Co. A/S (CPH:FLS) By 50%?

FLSmidth Launches Its Global Global PerformanceIQ Hub

FLSmidth & Co. A/S (CPSE:FLS) signed an agreement to acquire Tipco Tudeshki Industrial Process Control GmbH.

Returns At FLSmidth (CPH:FLS) Are On The Way Up

Why FLSmidth's (CPH:FLS) Earnings Are Better Than They Seem

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

FLSmidth & Co. A/S Lowers Consolidated Earnings Guidance for the Fiscal Year 2024

When Should You Buy FLSmidth & Co. A/S (CPH:FLS)?

An Intrinsic Calculation For FLSmidth & Co. A/S (CPH:FLS) Suggests It's 49% Undervalued

Here's Why FLSmidth (CPH:FLS) Can Manage Its Debt Responsibly

First quarter 2024 earnings released: EPS: kr.3.40 (vs kr.1.83 in 1Q 2023)

FLSmidth & Co. A/S Provides Consolidated Revenue Guidance for the Fiscal Year 2024

FLSmidth (CPH:FLS) Hasn't Managed To Accelerate Its Returns

Why Investors Shouldn't Be Surprised By FLSmidth & Co. A/S' (CPH:FLS) P/E

FLSmidth & Co. A/S Approves Board Changes