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FLSmidth Secures DKK 225 Million Mining Equipment Order in North America

BullishMedium impact
FLSDKK 576.50 1.68%

FLSmidth & Co. A/S (OMXCOP:FLS) has secured an order valued at approximately DKK 225 million to supply mining machinery for a gold project in North America. The deal includes semi-autogenous grinding (SAG) and ball mills, along with liners and auxiliary equipment. The order was registered during the third quarter of 2026, with setup and operational startup scheduled for 2028. Following the announcement, shares rose 3.75% to 567 DKK.

The contract adds to the company's existing backlog in grinding technology and reinforces its position within the mining equipment sector. Because revenue recognition will extend over a multi-year timeline leading into 2028, the immediate impact on near-term financial results remains limited. Management confirmed that the contract does not alter the full-year financial guidance for 2026.

Investors will be watching for continued order intake across the mining segment, further updates on backlog margins, and potential guidance adjustments as delivery schedules progress toward 2028.

Key points

  • FLSmidth & Co. A/S booked a mining equipment contract worth approximately DKK 225 million.
  • The deal covers SAG and ball mills, liners, and related hardware for a North American gold project.
  • Installation and commissioning are expected to take place in 2028.
  • The third-quarter 2026 booking leaves the company's financial guidance for 2026 unchanged.

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Questions and answers

What is the value of FLSmidth's new North American order?

The order is valued at approximately DKK 225 million and includes grinding mills, liners, and supporting equipment for a gold project in North America.

When will the equipment for the FLSmidth project be installed?

Installation and commissioning of the grinding mills and related equipment are expected to occur in 2028.

Does the new order change FLSmidth's 2026 guidance?

No, the contract was booked in the third quarter of 2026 and does not change the company's financial guidance for 2026.