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S, Denmark
COMPANY WATCH
Interpump Group, Italy
FLSmidth & Co A/S, Denmark Key Figures (DKr million) Third quarter ended 30.9 2008
2007
Net Turnover Of Which: Minerals
6486
5220
2754
1875
Gross Profit
1302
1134
326
325
8504
7080
Profit for the Period Order Intake Of Which: Minerals
Key Figures ( million) Third quarter ended 30.9 2008
2007
101.5
102.3
40.2 54.0 7.2
40.3 53.5 8.5
Cost of Sales
62.6
62.4
Operating Profit
20.3
21.3
Net Profit
12.4
11.7
Nine months ended 30.9 2008
2007
Net Sales Of Which: Hydraulic Industrial Electric Motors
329.6
328.1
133.7 167.9 27.9
134.3 159.3 34.5
206.6
205.2
Net Sales Of Which: Hydraulic Industrial Electric Motors
3960
2426
Nine months ended 30.9 2008
2007
17 711
13 488
7056
4098
Gross Profit Of Which: Minerals
3816
2897
1501
842
Cost of Sales
Profit for the Period Of Which: Minerals
1028
864
Operating Profit
63.0
65.6
338
299
Net Profit
36.5
34.8
25 782
17 333
12 186
6079
Order Backlog Of Which: Minerals
33 731
24 940
13 588
8744
Employees Of Which: Minerals
10 943
9009
3839
3100
Net Turnover Of Which: Minerals
Order Intake Of Which: Minerals
COMMENT
COMMENT At DKr12 186 million, Minerals’ order intake in the first nine months of 2008 was up 100% on the first three quarters of 2007, reflecting in part organic growth and the acquisition of GL&V Process in August 2007 (see Pump Industry Analyst, August 2007). 8
Pump Industry Analyst
Minerals’ turnover in the first three quarters of 2008 came in at DKr7056 million, 72% up on the same period in 2007. The higher turnover reflects increased order backlog at the beginning of the year, in part reflecting the acquisition of GL&V Process. ■ www.flsmidth.com
Interpump Group’s third quarter 2008 sales of 101.5 million were in line with a year ago. While sales in the Hydraulic sector were down slightly overall, Hydraulic’s European companies saw sales rise 2.0%. After six quarters of declines, sales for the US subsidiary Muncie rose by 4.1% in dollar terms. When translated into euros however, Muncie’s sales decreased 4.5%. Turnover in the Industrial sector increased 1.1% to 54 million. At 7.3 million, Electric Motors’ sales were down 14.8% on the third quarter of 2007, reflecting lower sales
to an Italian manufacturer of high-pressuire washers who has moved some manufacturing to the Far East. For the nine months ended 30 September 2008, Hydraulic sales were down 0.4% on the first nine months of 2007. The European companies’ sales rose 9.1%. Muncie sales fell 4.8% in dollar terms and by 15.9% in euros. Turnover in the Industrial sector reached 167.9 million, up 5.4%, while Electric Motors sales were down 19% to 27.9 million. ■ www.interpumpgroup.it
January 2009
Interpump Group, Italy
FLSmidth & Co A/S, Denmark Key Figures (DKr million) Third quarter ended 30.9 2008
2007
Net Turnover Of Which: Minerals
6486
5220
2754
1875
Gross Profit
1302
1134
326
325
8504
7080
Profit for the Period Order Intake Of Which: Minerals
Key Figures ( million) Third quarter ended 30.9 2008
2007
101.5
102.3
40.2 54.0 7.2
40.3 53.5 8.5
Cost of Sales
62.6
62.4
Operating Profit
20.3
21.3
Net Profit
12.4
11.7
Nine months ended 30.9 2008
2007
Net Sales Of Which: Hydraulic Industrial Electric Motors
329.6
328.1
133.7 167.9 27.9
134.3 159.3 34.5
206.6
205.2
Net Sales Of Which: Hydraulic Industrial Electric Motors
3960
2426
Nine months ended 30.9 2008
2007
17 711
13 488
7056
4098
Gross Profit Of Which: Minerals
3816
2897
1501
842
Cost of Sales
Profit for the Period Of Which: Minerals
1028
864
Operating Profit
63.0
65.6
338
299
Net Profit
36.5
34.8
25 782
17 333
12 186
6079
Order Backlog Of Which: Minerals
33 731
24 940
13 588
8744
Employees Of Which: Minerals
10 943
9009
3839
3100
Net Turnover Of Which: Minerals
Order Intake Of Which: Minerals
COMMENT
COMMENT At DKr12 186 million, Minerals’ order intake in the first nine months of 2008 was up 100% on the first three quarters of 2007, reflecting in part organic growth and the acquisition of GL&V Process in August 2007 (see Pump Industry Analyst, August 2007). 8
Pump Industry Analyst
Minerals’ turnover in the first three quarters of 2008 came in at DKr7056 million, 72% up on the same period in 2007. The higher turnover reflects increased order backlog at the beginning of the year, in part reflecting the acquisition of GL&V Process. ■ www.flsmidth.com
Interpump Group’s third quarter 2008 sales of 101.5 million were in line with a year ago. While sales in the Hydraulic sector were down slightly overall, Hydraulic’s European companies saw sales rise 2.0%. After six quarters of declines, sales for the US subsidiary Muncie rose by 4.1% in dollar terms. When translated into euros however, Muncie’s sales decreased 4.5%. Turnover in the Industrial sector increased 1.1% to 54 million. At 7.3 million, Electric Motors’ sales were down 14.8% on the third quarter of 2007, reflecting lower sales
to an Italian manufacturer of high-pressuire washers who has moved some manufacturing to the Far East. For the nine months ended 30 September 2008, Hydraulic sales were down 0.4% on the first nine months of 2007. The European companies’ sales rose 9.1%. Muncie sales fell 4.8% in dollar terms and by 15.9% in euros. Turnover in the Industrial sector reached 167.9 million, up 5.4%, while Electric Motors sales were down 19% to 27.9 million. ■ www.interpumpgroup.it
January 2009