FLSmidth & Co. A/S

BATS-CHIXE:FLSC Stock Report

Market Cap: DKK 18.4b

FLSmidth Management

Management criteria checks 3/4

FLSmidth's CEO is Mikko Keto, appointed in Jan 2022, has a tenure of 3.33 years. total yearly compensation is DKK22.24M, comprised of 37.4% salary and 62.6% bonuses, including company stock and options. directly owns 0.077% of the company’s shares, worth DKK14.08M. The average tenure of the management team and the board of directors is 3.3 years and 0.7 years respectively.

Key information

Mikko Keto

Chief executive officer

DKK 22.2m

Total compensation

CEO salary percentage37.4%
CEO tenure3.3yrs
CEO ownership0.08%
Management average tenure3.3yrs
Board average tenureless than a year

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mikko Keto's remuneration changed compared to FLSmidth's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024DKK 22mDKK 8m

DKK 1b

Sep 30 2024n/an/a

DKK 837m

Jun 30 2024n/an/a

DKK 826m

Mar 31 2024n/an/a

DKK 767m

Dec 31 2023DKK 24mDKK 8m

DKK 678m

Sep 30 2023n/an/a

DKK 426m

Jun 30 2023n/an/a

DKK 321m

Mar 31 2023n/an/a

DKK 344m

Dec 31 2022DKK 16mDKK 8m

DKK 369m

Compensation vs Market: Mikko's total compensation ($USD3.36M) is about average for companies of similar size in the UK market ($USD2.97M).

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

CEO

Mikko Keto (57 yo)

3.3yrs

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

NamePositionTenureCompensationOwnership
Mikko Keto
Group Chief Executive Officer3.3yrsDKK 22.24m0.077%
DKK 14.1m
Roland Andersen
Group Chief Financial Officer4.8yrsDKK 12.93m0.046%
DKK 8.4m
Mikko Tepponen
COO & Chief Digital Officer1.8yrsno data0.0051%
DKK 940.4k
Jannick Denholt
Head of Investor Relationsno datano datano data
Cori Petersen
Chief People & Sustainability Officer7.1yrsno data0.0067%
DKK 1.2m
Deon de Kock
Presidentno datano datano data
Patrick Turner
President of Pumps1.3yrsno datano data
Claudio Bernal
President of Region South America5.3yrsno datano data
Tamer Eid
President of Region Australia4.7yrsno datano data
Marnus Fick
President of Region North America3.3yrsno datano data
Wouter de Groot
Head of Sustainabilityno datano datano data
Christopher Ashworth
President of FLSmidth Cement1.6yrsno datano data

3.3yrs

Average Tenure

56.5yo

Average Age

Experienced Management: FLSC's management team is considered experienced (3.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Thrasyvoulos Moraitis
Independent Director6.2yrsDKK 930.00k0.0018%
DKK 323.9k
Mads Nipper
Independent Chairman3.2yrsDKK 950.00k0.0022%
DKK 395.7k
Lars Engstrom
Independent Directorless than a yearno datano data
Anna Hyvonen
Director1.1yrsDKK 435.00k0.00018%
DKK 33.1k
Christian Bruch
Independent Vice Chairmanless than a yearno datano data
Anne Eberhard
Independent Director8.2yrsDKK 775.00k0.0035%
DKK 647.8k
Leif Gundtoft
Employee-Elected Member4.3yrsDKK 475.00k0.00023%
DKK 42.3k
Rune Wichmann
Independent Directorless than a yearno datano data
Nour Amrani
Employee-Elected Member of Boardless than a yearno datano data
Henrik Christensen
Employee-Elected Member of Boardless than a yearno datano data

0.7yrs

Average Tenure

59yo

Average Age

Experienced Board: FLSC's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/09 11:54
End of Day Share Price 2025/04/28 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 29 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.

AnalystInstitution
null nullABG Sundal Collier
Xin WangBarclays
Olivier EsnouBNP Paribas Exane