FLSmidth Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Mikko Keto

Chief executive officer

DKK 23.5m

Total compensation

CEO salary percentage	33.3%
CEO tenure	3yrs
CEO ownership	0.02%
Management average tenure	4.3yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mikko Keto's remuneration changed compared to FLSmidth's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	DKK 837m
Jun 30 2024	n/a	n/a	DKK 826m
Mar 31 2024	n/a	n/a	DKK 767m
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 ($USD3.25M) is about average for companies of similar size in the UK market ($USD3.03M).

Compensation vs Earnings: Mikko's compensation has increased by more than 20% in the past year.

CEO

Mikko Keto (57 yo)

3yrs

Tenure

DKK 23,544,000

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	3yrs	DKK 23.54m	0.016% DKK 3.1m
Roland Andersen	Group Chief Financial Officer	4.5yrs	DKK 14.67m	0.040% DKK 8.0m
Mikko Tepponen	COO & Chief Digital Officer	1.4yrs	no data	no data
Jannick Denholt	Head of Investor Relations	no data	no data	no data
Annette Terndrup	Group Legal Counsel	12yrs	DKK 1.29m	0.0045% DKK 895.3k
Cori Petersen	Chief People & Sustainability Officer	6.8yrs	no data	0.0016% DKK 323.7k
Deon de Kock	President	no data	no data	no data
Patrick Turner	President of Pumps	less than a year	no data	no data
Claudio Bernal	President of Region South America	5yrs	no data	no data
Tamer Eid	President of Region Australia	4.3yrs	no data	no data
Marnus Fick	President of Region North America	2.9yrs	no data	no data
Wouter de Groot	Head of Sustainability	no data	no data	no data

4.3yrs

Average Tenure

55yo

Average Age

Experienced Management: FLSC's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tom Knutzen	Independent Chairman	12.8yrs	DKK 1.40m	0.088% DKK 17.6m
Thrasyvoulos Moraitis	Independent Director	5.8yrs	DKK 977.00k	0.0018% DKK 351.7k
Mads Nipper	Independent Vice Chairman	2.8yrs	DKK 900.00k	0.0022% DKK 429.7k
Anna Hyvonen	Director	less than a year	no data	no data
Daniel Reimann	Independent Director	1.8yrs	DKK 619.00k	no data
Anne Eberhard	Independent Director	7.8yrs	DKK 675.00k	0.0035% DKK 703.4k
Claus Østergaard	Employee-Elected Member	9yrs	DKK 450.00k	0.00075% DKK 149.9k
Leif Gundtoft	Employee-Elected Member	4yrs	DKK 450.00k	0.00023% DKK 46.0k
Carsten Hansen	Employee-Elected Member	4yrs	DKK 575.00k	0.000090% DKK 18.0k

4.0yrs

Average Tenure

61yo

Average Age

Experienced Board: FLSC's board of directors are considered experienced (4 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/10 15:48
End of Day Share Price	2024/11/11 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

FLSmidth & Co. A/S is covered by 30 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
Andrew Carlsen	ABG Sundal Collier
Xin Wang	Barclays
Ling Zhang	BNP Paribas Exane

FLSmidth Management

Management criteria checks 3/4

Key information

Recent management updates

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

Flsmidth Announces Changes to Group Executive Management

FLSmidth & Co. A/S Approves Board Changes

FLSmidth & Co. A/S, Annual General Meeting, Apr 10, 2024

FLSmidth & Co. A/S Announces Board Changes

FLSmidth Announces Management Changes

Recent updates

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

Flsmidth Announces Changes to Group Executive Management

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

FLSmidth Launches Its Global Global PerformanceIQ Hub

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

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

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

FLSmidth & Co. A/S Approves Board Changes

Dividend increased to kr.4.00

FLSmidth & Co. A/S Proposes Dividend for 2023

FLSmidth & Co. A/S (CPSE:FLS) acquired Farnell-Thompson Applied Technologies Inc.

Full year 2023 earnings released: EPS: kr.11.95 (vs kr.6.50 in FY 2022)

Dividend increased to kr.4.00

Flsmidth & Co. A/S Provides Consolidated Earnings Guidance for the Year 2024

Solix Group AB agreed to acquire MAAG gears and drives business from FLSmidth & Co. A/S (CPSE:FLS).

FLSmidth & Co. A/S to Report Q3, 2024 Results on Nov 12, 2024

FLSmidth & Co. A/S, Annual General Meeting, Apr 10, 2024

FLSmidth & Co. A/S announced that it expects to receive DKK 693 million in funding from Altor Equity Partners AB

Second quarter 2023 earnings released: EPS: kr.2.09 (vs kr.2.55 in 2Q 2022)

Flsmidth & Co. A/S Reaffirms Earnings Guidance for the Full Fiscal Year 2023

Micronics Engineered Filtration Group, Inc. acquired Advanced Filtration Technologies business from FLSmidth & Co. A/S (CPSE:FLS).

Koch Solutions Gmbh signed an Asset Purchase & Transfer Agreement to acquire non-core activities material handling technology assets of FLSmidth.

FLSmidth & Co. A/S (CPSE:FLS) acquired Morse Marine Bearings.

First quarter 2023 earnings released: EPS: kr.1.83 (vs kr.2.30 in 1Q 2022)

Flsmidth & Co. A/S Maintains Earnings Guidance for the Full Fiscal Year 2023

Upcoming dividend of kr.3.00 per share at 1.2% yield

Investor sentiment improved over the past week

Flsmidth & Co. A/S Provides Consolidated Revenue Guidance for the Full Year 2023

FLSmidth & Co. A/S to Report First Half, 2023 Results on Aug 15, 2023

FLSmidth & Co. A/S Announces Revenue Guidance for the Year 2022

FLSmidth & Co. A/S (CPSE:FLS) completed the acquisition of mining business from thyssenkrupp Industrial Solutions AG.

Second quarter 2022 earnings released: EPS: kr.2.55 (vs kr.1.17 in 2Q 2021)

FLSmidth & Co. A/S Revises Earnings Guidance for the Year 2022

FLSmidth & Co. A/S Announces Board Changes

Upcoming dividend of kr.3.00 per share

FLSmidth & Co. A/S Provides Earnings Guidance for the Year 2022

FLSmidth & Co. A/S has completed a Follow-on Equity Offering in the amount of DKK 1.4592 billion.

Second quarter 2021 earnings released: EPS kr.1.17 (vs kr.0.18 loss in 2Q 2020)

FLSmidth & Co. A/S Revises Earnings Guidance for the Year 2021

First quarter 2021 earnings released: EPS kr.1.06 (vs kr.2.06 in 1Q 2020)

FLSmidth & Co. A/S Provides Earnings Guidance for the Year of 2021

Upcoming Dividend of kr.2.00 Per Share

Osisko Mining Orders Milling Equipment for Windfall from Flsmidth

New 90-day high: kr.249

Full year 2020 earnings released: EPS kr.4.61 (vs kr.15.94 in FY 2019)

Revenue beats expectations

Çimko Çimento Chooses FLSmidth as Supplier for Grey-To-White Cement Conversion Project

FLSmidth in Talks to Buy Thyssenkrupp's Mining Unit

New 90-day high: kr.240

REEL SAS entered into a definitive agreement to acquired Flsmidth Hamburg Gmbh from FLSmidth & Co. A/S (CPSE:FLS)

Simatek A/S entered into an agreement to acquire Filter Technology Business of FLSmidth & Co. A/S (CPSE:FLS).

New 90-day high: kr.228

FLSmidth on the Way to Deliver 86% Fuel Substitution for Bursa Çimento

New 90-day high: kr.213

TITAN Cement Group Announces New Two and Half Year Service Agreement with Flsmidth

European Union body grants EUR 5.4 million to FLSmidth-led mining efficiency project

FLSmidth Announces Management Changes

Two FLSmidth Hotdisc’s to Replace Coal At Sungshin Cement

FLsmidth & Co. A/S Revised Earnings Guidance for the Year 2020

Flsmidth Receives an Order for its Bulkexpert Digital Solution from A Customer in Brazil

FLSmidth & Co. A/S (CPSE:FLS) signed a definitive agreement to acquire KnowledgeScape.

FLSmidth & Co. A/S (CPSE:FLS) acquired Mill-Ore Industries Inc. DKK 41 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age