FLSmidth & Co. shares surged 8.4% to 540 Danish kroner on Tuesday, extending gains after the company reported stronger-than-expected second-quarter results and raised its full-year guidance.
The Copenhagen-listed mining equipment manufacturer opened at 542 DKK and briefly touched an intraday high of 548 DKK. The stock remains well below its 52-week peak of 619.5 DKK reached in late 2024.
Q2 revenue rose 16% year-over-year to 3.9 billion DKK, while order intake grew 13% organically to 4.0 billion DKK. Adjusted EBITA margin reached 17.3%, exceeding analyst expectations by roughly 220 basis points and marking a significant improvement from the prior period.
Management narrowed its full-year adjusted EBITA margin guidance to a range of 16.0% to 16.5%, up from the prior 15.5% to 16.5%. Organic revenue growth guidance was also lifted, with the floor raised to 0% from -1% previously, while the upper bound remained unchanged at 4%.
CEO Toni Laaksonen attributed the performance to accelerating revenue growth across all three business lines, reinforcing confidence in the company’s post-cement divestiture strategy focused on mining. The company also highlighted the ongoing DKK 1.0 billion share buyback program initiated in May 2026, which covers up to approximately 4% of share capital.
The stock’s gain appeared driven primarily by the earnings beat rather than broader market or sector moves, with U.S. indices trading essentially flat during the session.
