FLSmidth 3Q Net Profit DKK458 Million Vs DKK352 Million

   DOW JONES NEWSWIRES 

FLSmidth Thursday raised its capacity outlook for the 2010 cement market to 60 million tonnes per year, but reiterated that it still expects consolidated revenue to amount to 20 billion Danish kroner to DKK21 billion ($3.62 billion-$3.81 billion)in 2010.

   MAIN FACTS: 

-Net profit for 3Q amounted to DKK458M versus DKK352M in the year-earlier period.

-Analysts saw 3Q net profit at DKK376M.

-Revenue for 3Q amounted to DKK5.25B versus DKK5.83B in the year-earlier period.

-Analysts saw 3Q Revenue at DKK5.23B.

-Sees FY consolidated revenue at DKK20B-DKK21B.

-Sees FY EBIT ratio of about 9%-10%, up from about 8%-9% previously.

-Raises FY cement market expectation to 60M tonnes per year new contracted cement kiln capacity worldwide, excluding China, from 50M tonnes previously.

-Sees FY cement revenue at DKK9.5B-DKK10B, with an EBIT ratio of about 10%, up from 9% previously.

-Sees FY cembrit revenue at about DKK1.2B, with an EBIT ratio of about 10%, up from 9% previously.

-Sees FY minerals revenue at DKK9B-DKK9.5B, with an EBIT ratio of about 2%.

-Sees FY cash flow from investing activities, excluding acquistions, at -DKK650M compared to -DKK600M previously.

-EBIT for 3Q amounted to DKK617M versus DKK475M in the year-earlier period.

-Analysts saw 3Q EBIT at DKK476M.

-Order intake for 3Q amounted to DKK3.64B versus DKK3.62B in the year-earlier period.

-Order backlog for the first nine months amounted to DKK23.61B from DKK23.31B in the same period a year ago.

-By Stockholm Bureau, Dow Jones Newswires; [phone]; [e-mail]