Duyuru • Aug 15
FLSmidth & Co. A/S Announces Executive Changes FLSmidth & Co. A/S announced the appointment of Petri Virrankoski as President, Service Business Line. Petri is expected to join FLSmidth during 2027. Until then, Alanas Kraujalis will remain interim President, Service Business Line. Petri joins FLSmidth from Sandvik's Surface Drilling Division, where he has served as President and a member of Sandvik Mining's management team since 2019. Under his leadership, the division has undergone a major turnaround, resulting in significant market share gains, sales growth and improved profitability. Prior to his current role, Petri held several leadership roles in business development, sales and service at Sandvik Mining & Rock Technology, Sandvik Mining & Construction division and Hydroll Oy, where he drove strong sales growth and improvements in profitability, operations and commercial excellence. Petri holds a Master of Science degree in Industrial Engineering and Management from Tampere University of Technology, and a Mining Engineering degree from the University of Leoben. Duyuru • Jul 15
Flsmidth & Co. A/S Announces Executive Changes FLSmidth & Co. A/S announced two appointments to its Executive Leadership Team. Kristoffer Hessedahl is appointed Chief Strategy & M&A Officer and is expected to join FLSmidth by the end of 2026 or, at the latest, in early 2027. Line Berg Madsen is appointed Group General Counsel, transitioning from the interim role she has held since May 2026, and will transition into the permanent role during the third quarter of 2026. The Strategy & M&A role is a newly created executive position. The Group General Counsel role is elevated to the Executive Leadership Team. Kristoffer Hessedahl joins FLSmidth from Sandvik Mining, where he currently serves as Vice President, Strategy, M&A and Business Development and is part of the Business Area Mining Management team. In his current role, Kristoffer leads Sandvik Mining’s global strategy, M&A and business development agenda, including strategic planning, portfolio development, growth initiatives and executive decision support. Kristoffer brings extensive experience in strategy, M&A and business development from Sandvik Mining, Alantra and EY Corporate Finance. He holds an MSc in Finance and Strategic Management from Copenhagen Business School and a BSc in Business Administration and Economics from Lund University. Line Berg Madsen joined from the Danish law firm Kromann Reumert, where she had served as Partner and attorney since 2023, focusing on international trade, cross-border transactions and environmental, social and governance (ESG) matters. Earlier in her career, Line served as Partner at the Danish Law firm Poul Schmith/Kammeradvokaten, Director at PwC and held the role as Corporate Counsel at both Xellia Pharmaceuticals and VKR Holding A/S. She brings a proven track record in supporting global companies’ growth agendas, particularly in M&A and commercial contracts, whilst building a robust setup around internal procedures, compliance and risk management. Line holds a Master of Law from the University of Copenhagen and is admitted to the bar in Denmark. Duyuru • Apr 01
Nrep NSF V Fund, a fund managed by NREP A/S, and AG GRUPPEN A/S completed the acquisition of Matr. No 2055 A/S from FLSmidth & Co. A/S (CPSE:FLS). 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 on June 17, 2025. A cash consideration of DKK 730 million will be paid by NREP A/S and AG GRUPPEN A/S. As part of consideration, DKK 730 million is paid towards common equity of Matr. No 2055 A/S. Matr. No 2055 A/S owns land and buildings located on Vigerslev Allé 77 in Valby, Denmark. The expected net cash proceeds from the sale amount to approximately DKK 730 million to be paid in full to FLSmidth upon closing of the transaction.
The transaction is subject to approval by the Danish Consumer and Competition Authority and is expected to close at the end of the first quarter of 2026. The expected net cash proceeds from the sale will be allocated in line with the FLSmidth & Co. general capital allocation priorities as well as to general corporate purposes.
Catella Corporate Finance A/S acted as financial advisor for FLSmidth & Co. A/S. Søren Andreasen of Kromann Reumert acted as legal advisor to FLSmidth & Co. A/S. Søren Kopp, Søren Damgaard of Bruun & Hjejle acted as legal advisors to NREP A/S and AG GRUPPEN A/S.
Nrep NSF V Fund, a fund managed by NREP A/S, and AG GRUPPEN A/S completed the acquisition of Matr. No 2055 A/S from FLSmidth & Co. A/S (CPSE:FLS) on March 31, 2026. The financial implications of the transaction are in line with the information disclosed in Company Announcement No. 9-2025, including net cash proceeds of approximately DKK 730 million and an accounting gain of approximately DKK 690 million, both of which will be recognized in the first quarter of 2026. Duyuru • Feb 25
Flsmidth & Co. A/S Announces Executive Changes, Effective February 23, 2026 FLSmidth & Co. A/S announced that Qasim Abrahams has been appointed President, Products Business Line, effective February 23, 2026, succeeding Julian Soles, who will leave the company. Qasim Abrahams is a seasoned leader in the global mining technology and services industry, bringing more than 20 years of leadership and transformational experience across Sub-Saharan Africa and at a global level since joining FLSmidth in 2022. As President, Products Business Line, Qasim will lead our continued efforts to strengthen the Products business through further optimisation of our global supply chains with a keen emphasis on standardisation, repeatability and engineering discipline. At the same time, Qasim will apply a full-lifecycle mindset, with a strong focus on innovation and technology development carried out in close collaboration with our customers, advancing our minerals processing portfolio to improve productivity, reliability and sustainability for the mining industry. In addition to the change in the Products Business Line leadership, Alanas Kraujalis, Head of Consumables, has been appointed interim President, Service Business Line, effective February 23, 2026. In this role, Alanas will work closely with his leadership team to further develop the Service business’ strategy to accelerate growth. This includes further developing service offerings, improving the customer experience and expanding market position by leveraging the key strategic initiatives implemented over recent years. Under Julian Soles' leadership, the Products business improved organisational performance, reduced product cost and became a more efficient and cost-effective organisation. Duyuru • Feb 24
FLSmidth & Co. A/S Announces not to seek for Re-Election of Board of Directors FLSmidth & Co. A/S announced proposed changes to the Board composition, including the Chairship, ahead of the Annual General Meeting on March 24, 2026. The Board proposes to reduce the number of shareholder-elected Board members, and as a result, Chair Mads Nipper, Vice Chair Christian Bruch, and Board member Thrasyvoulos Moraitis have decided not to seek re-election at the Annual General Meeting. Duyuru • Feb 19
FLSmidth & Co. A/S announces Annual dividend, payable on March 27, 2026 FLSmidth & Co. A/S announced Annual dividend of DKK 4.0000 per share payable on March 27, 2026, ex-date on March 25, 2026 and record date on March 26, 2026. Duyuru • Nov 17
Mikko Keto to Step Down as Chief Executive Officer of FLSmidth & Co. A/S During First Half of 2026 FLSmidth & Co. A/S (FLSmidth) announced that Chief Executive Officer, Mikko Keto, has informed the Board of Directors of his decision to step down from his position to assume an executive role with a non-competing company. Mikko Keto will continue in his current capacity in the coming months to ensure business continuity, while the Board of Directors advances a structured CEO succession process. It is expected that Mikko Keto will leave the company during first half of 2026. The Board of Directors of FLSmidth has a well-prepared succession plan in place, and the search for Mikko Keto’s successor starts immediately. The Board of Directors will announce the appointment of a successor once the process has been concluded. Mikko Keto joined FLSmidth in 2021 as President for the former Mining business and was appointed Chief Executive Officer in January of 2022. During his tenure as CEO, Mikko Keto has overseen a multi-year transformation of FLSmidth that has reshaped the company’s strategic, operational and financial profile. Mikko Keto has been instrumental in driving a comprehensive portfolio rationalisation, consolidating the organisation into a more streamlined operating model and implementing effective cost-discipline initiatives. These efforts have greatly improved FLSmidth’s commercial and financial performance, providing a resilient platform and positioning FLSmidth well for the next leg of its strategic journey. Duyuru • Jun 19
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. 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 on June 17, 2025. A cash consideration of DKK 730 million will be paid by NREP A/S and AG GRUPPEN A/S. As part of consideration, DKK 730 million is paid towards common equity of Matr. No 2055 A/S. Matr. No 2055 A/S owns land and buildings located on Vigerslev Allé 77 in Valby, Denmark. The expected net cash proceeds from the sale amount to approximately DKK 730 million to be paid in full to FLSmidth upon closing of the transaction. The expected net cash proceeds from the sale will be allocated in line with the FLSmidth & Co. general capital allocation priorities as well as to general corporate purposes. The transaction is subject to approval by the Danish Consumer and Competition Authority and is expected to close at the end of the first quarter of 2026.
Catella Corporate Finance A/S acted as financial advisor for FLSmidth & Co. A/S. Kromann Reumert acted as legal advisor in the transaction. Søren Kopp, Søren Damgaard of Bruun & Hjejle acted as legal advisor to NREP A/S and AG GRUPPEN A/S. Duyuru • Apr 11
FLS Advances Sustainability Through Innovation with its New Mill Liners Recycling Service Offering FLS introduced its new mill liner recycling services offering, underscoring its commitment to sustainability and to supporting customers with productivity-enhancing mill liner solutions. The comprehensive recycling solution for composite and rubber grinding mill liners has just been launched in Chile to service customers across South America with plans for global expansion at a later stage. In line with FLS's MissionZero sustainability programme, this launch also supports customers' productivity and sustainability ambitions. Through this new offering, FLS can both provide customers with the required CO2 emissions documentation for environmental, social and governance (ESG) reporting as well as improve utilisation of space on mine sites by eliminating used liner storage. A key component powering its mill liner recycling services, FLS has developed a recycling machine that is highly portable, scalable and modular for ease of use. With numerous safety and efficiency features, the machine can handle various liner types, shapes and sizes based on customer needs in the region. Duyuru • Mar 04
FLSmidth & Co. A/S, Annual General Meeting, Apr 02, 2025 FLSmidth & Co. A/S, Annual General Meeting, Apr 02, 2025, at 16:00 Romance Standard Time. Location: offices of the company, vigerslev alle 77, dk-2500, Denmark Duyuru • Feb 22
FLSmidth & Co. A/S Provides Consolidated Earnings Guidance for the Full Year 2025 FLSmidth & Co. A/S provided consolidated earnings guidance for the full year 2025. for the year, the company expects revenue of approximately DKK 19.0 billion. Duyuru • Feb 18
FLSmidth Announces Group Executive Management Appointments FLSmidth announced the appointment of two new leaders to Group Executive Management. Julian Soles will join FLSmidth on 1 May 2025 as President, Mining Products Business Line and Toni Laaksonen will join the company in the coming months as President, Mining Service Business Line. Toni Laaksonen joins FLSmidth from Glaston Corporation, a technology, solutions and service provider for the glass processing industry where he is President and CEO. Under his leadership, the company has developed its service offerings and global customer support as well as increased service sales by restructuring the global sales and service organisation. Before joining Glaston, he held several business, sales and service leadership positions with Metso, Outotec, ABB and Posti Group. In these roles he built a track record of profitability improvement and sales growth through organic business development and acquisitions. Laaksonen holds a Master of Science degree in technology from Tampere University of Technology and a Bachelor of Science degree in economics from the University of Vaasa. Julian Soles is a seasoned leader in operational and technical innovation within the natural resources and heavy industry sectors, with a strong focus on operations, product development, sustainability and safety. Throughout his career he has played a pivotal role in advancing offshore operations, mining technology and zero-emission solutions for industrial applications. Soles has held several senior leadership positions at Transocean. He was most recently CEO of First Mode, where he led a global team in designing, manufacturing and deploying the world’s largest hydrogen-powered mining haul truck and bringing to market the first commercial hybrid solution for ultra class haulage. He holds Bachelor of Engineering and Master of Science degrees in naval architecture and offshore engineering from University College London and an MBA from the University of Houston. Once Julian and Toni have joined FLSmidth, Group Executive Management will consist of the following members: Mikko Keto, CEO. Roland M. Andersen, CFO. Cori Petersen, Chief People and Sustainability Officer. Mikko Tepponen, Chief Digital Officer and Chief Operations Officer. Julian Soles, President, Products Business Line. Toni Laaksonen, President, Service Business Line. Pat Turner, President, Pumps, Cyclones and Valves Business Line. Christopher Ashworth, President, FLSmidth Cement. Duyuru • Dec 17
Flsmidth Announces Changes to Group Executive Management FLSmidth announces that Joshua Meyer, President, Mining Service Business Line and Annette Terndrup, Group General Counsel, are stepping down from their roles and will be leaving the company. Josh will be leaving FLSmidth at the end of December 2024 and Annette’s last day with FLSmidth will be at the end of February 2025. The process of identifying Josh’s replacement is ongoing and is expected to be concluded in the near future. As part of the continued implementation of new corporate operating model, the role as General Counsel will no longer be part of the executive leadership team, but will continue to report directly to the CEO. Until a replacement for Josh is announced, Alanas Kraujalis will support with day-to-day leadership of the Service Business Line. Alanas Kraujalis currently serves as Senior Vice President and Head of Consumables and has been with FLSmidth for more than 10 years. Duyuru • Sep 27
FLSmidth Launches Its Global Global PerformanceIQ Hub FLSmidth’s PerformanceIQ services first launched at the PERUMIN conference in 2022. Since then, positive impact on performance and productivity can be seen in the regions where the services have been launched. This announcement marks another important milestone in FLSmidth’s strategic journey. With the inauguration of the Global PerformanceIQ Hub located in Global Product and Technology Centre in Salt Lake City, US, FLSmidth is now bringing the PerformanceIQ services to a global scale. Combined with the onsite service teams and global services centres, the Global PerformanceIQ Hub will make it possible to maximise the potential of plant operations globally. The Hub is more than a digital technology centre – it is a collaboration space for partnering with customers to deliver innovative, tailored solutions that meet customers’ individual needs and the evolving demands of the mining industry. The Hub centralises information, visualisations and expertise to provide valuable insights aimed at: increasing throughput, recovery rates and product output quality, developing analytics-driven shutdown and maintenance schedules, improving safety and efficiency of maintenance operations, and boosting energy efficiency and water consumption efficiency, while also reducing CO2 emissions. Duyuru • Sep 19
FLSmidth & Co. A/S (CPSE:FLS) signed an agreement to acquire Tipco Tudeshki Industrial Process Control GmbH. FLSmidth & Co. A/S (CPSE:FLS) signed an agreement to acquire Tipco Tudeshki Industrial Process Control GmbH on September 19, 2024. Duyuru • Aug 08
FLSmidth & Co. A/S Lowers Consolidated Earnings Guidance for the Fiscal Year 2024 FLSmidth & Co. A/S lowered consolidated earnings guidance for the fiscal year 2024. For the period, the company expects Revenue to be approx. DKK 20.0 billion (DKK 20.0 billion to DKK 21.5 billion) billion. Duyuru • May 16
FLSmidth & Co. A/S Provides Consolidated Revenue Guidance for the Fiscal Year 2024 FLSmidth & Co. A/S provided consolidated revenue guidance for the fiscal year 2024. For the period, the company expects Revenue to be DKK 20.0 billion to DKK 21.5 billion. Duyuru • Mar 13
FLSmidth & Co. A/S Proposes Dividend for 2023 The Board of Directors of FLSmidth & Co. A/S at its Annual General Meeting to be held on 10 April 2024 proposed a dividend of DKK 4 per share, corresponding to a total dividend distribution of DKK 231 m for 2023. Duyuru • Mar 06
FLSmidth & Co. A/S (CPSE:FLS) acquired Farnell-Thompson Applied Technologies Inc. FLSmidth & Co. A/S (CPSE:FLS) acquired Farnell-Thompson Applied Technologies Inc on March 4, 2024. The transaction does not impact financial guidance for 2024.FLSmidth & Co. A/S (CPSE:FLS) completed the acquisition of Farnell-Thompson Applied Technologies Inc on March 4, 2024. Duyuru • Jan 30
Flsmidth & Co. A/S Provides Consolidated Earnings Guidance for the Year 2024 FLSmidth & Co. A/S provided consolidated earnings guidance for the year 2024. For the year, the company expects revenue to be DKK 20.0 billion - DKK 21.5 billion. Duyuru • Jan 24
Solix Group AB agreed to acquire MAAG gears and drives business from FLSmidth & Co. A/S (CPSE:FLS). Solix Group AB agreed to acquire MAAG gears and drives business from FLSmidth & Co. A/S (CPSE:FLS) on January 22, 2024.This transaction includes all related assets, including intellectual property, technology, employees and customer contracts. The business has an average annual turnover of around DKK 400-500 million. The transaction is expected to close during the first quarter of 2024. Duyuru • Nov 09
FLSmidth & Co. A/S, Annual General Meeting, Apr 10, 2024 FLSmidth & Co. A/S, Annual General Meeting, Apr 10, 2024. Duyuru • Aug 18
FLSmidth & Co. A/S announced that it expects to receive DKK 693 million in funding from Altor Equity Partners AB FLSmidth & Co. A/S announced a private placement of 2,200,000 common shares at a price of DKK 315 per share for the gross proceeds of DKK 693 million on August 17, 2023. The transaction will include participation from returning investor Altor Equity Partners AB for 14.9% stake. Post completion, the investor will increased its stake to 14.9%. Duyuru • Aug 09
Flsmidth & Co. A/S Reaffirms Earnings Guidance for the Full Fiscal Year 2023 FLSmidth & Co. A/S reaffirmed earnings guidance for the full fiscal year 2023. For the period, the company estimates consolidates group revenue of Around DKK 24.0 billion compared to previous guidance of DKK 23.0 billion - DKK 24.0 billion. Duyuru • Jun 16
Koch Solutions Gmbh signed an Asset Purchase & Transfer Agreement to acquire non-core activities material handling technology assets of FLSmidth. Koch Solutions Gmbh signed an Asset Purchase & Transfer Agreement to acquire non-core activities material handling technology assets of FLSmidth on June 14, 2023. With today’s announcement, KOCH Solutions will acquire a mix of order backlog, employees and facilities from FLSmidth’s Non-Core Activities segment. The parties have agreed on a positive enterprise value, however the purchase price has not been disclosed. The transaction is expected to be completed in Q3 2023, subject to customary regulatory approvals from relevant authorities. Duyuru • Jun 01
FLSmidth & Co. A/S (CPSE:FLS) acquired Morse Marine Bearings. FLSmidth & Co. A/S (CPSE:FLS) acquired Morse Marine Bearings on June 1, 2023.FLSmidth & Co. A/S (CPSE:FLS) completed the acquisition of Morse Marine Bearings on June 1, 2023. Duyuru • Nov 09
FLSmidth & Co. A/S to Report Nine Months, 2023 Results on Nov 09, 2023 FLSmidth & Co. A/S announced that they will report nine months, 2023 results on Nov 09, 2023 
