![]() ![]() If excluding a high-level estimate of the impact from RussiaĪnd Mining Technologies, the underlying revenue growth was approximately 12% year-on-year. EBITA amounted to DKK -113m with a corresponding EBITA margin of negative 29.9%.Ĭonsolidated Group revenue increased by 27% year-on-year (increase of 32% if excluding currency effects and 39% if excluding Russia). Non-Core Activities revenue in Q2 2023 amounted to DKK 378m. The corresponding EBITA margin improved by 2.2%-points to 4.3% in Q2 2023. Cement EBITA continued the positive trend in improving profitability and increased by 135% Including integration costs, the EBITA margin increased toĬement revenue increased by 11% year-on-year (increase of 14% if excluding currency effects). The approximated dilutive effect from the acquisition of Mining Technologies was of less than 2%-points in the quarter. Adjusted for integration costs of DKK 97m, the adjusted EBITA margin wasġ0.8% in Q2 2023. If excludingĪ high-level estimate of the impact from these factors, the underlying revenue growth in the quarter was approximately 16%. Mining revenue increased by 23% year-on year (increase of 29% if excluding currency effects and 39% if excluding Russia).Ĭompared to Q2 2022, Mining revenue in Q2 2023 reflects our exit from Russia, the establishment of the separate Non-Core Activities segment and the acquisition of Mining Technologies. High-level estimate of the impact from Mining Technologies, the underlying order intake in the quarter declined by approximately 14%. Compared to Q2 2022, Group order intake in Q2 2023 includes Mining Technologies. Group order intake declined by 6% year-on-year (decline of 1% if excluding currency effects). Of the quarter representing a decrease of DKK 0.7bn compared to Q1 2023. The order backlog for Non-Core Activities amounted to DKK 1.4bn at the end Order intake for Non-Core Activities amounted to DKK 32m relating to contractual obligations and parts already in stock. This reflects an increasing slow-down in market demand, our continuing de-riskingĪpproach and our strategy of not accepting product orders which do not support our service business or green ambitions. If excluding a high-level estimate of the impact from those changes the underlying order intake in the quarter increased by approximately 1% year-on-year.Ĭement order intake decreased by 33% year-on-year mainly driven by a 43% decrease in Products order intake. Mining order intake in Q2 2023 includes Mining Technologies but does not include Non-CoreĪctivities. Mining order intake increased by 6% year-on-year (increase of 12% if excluding currency effects). Positive with a continued strong focus on executing our core transformation efforts.” Going into the second half of the year we remain Consequently, continued organisational rightsizing is required to preserve profitability. Short- to mid-term market outlook has deteriorated. While our Cement business remains on target for the full year, its This positive development was offset by delays in some customers' larger investment decisions, mainly in the Products business. This has primarily been driven by strong execution in the Service business coupled with a better-than-expected progression of the Mining Technologies integration. Our Mining business has seen good revenue growth and continued improvement in underlying profitability in a Safety performance has been unsatisfactory and mitigating actions have been taken. While we have continued to progress on our MissionZero agenda, our Group CEO, Mikko Keto, commented: “We have maintained the strong momentum on our key transformation efforts during Q2 2023. Financial guidance for 2023 was raised on 8 August 2023.33% decline in Cement order intake due to a slow-down in market demand.Non-Core Activities order backlog reduced to DKK 1.4bn.Morse Rubber acquired to strengthen mill liner business.Adjusted Mining EBITA margin improved to 10.8%.Mining revenue growth of 23% mainly driven by Service.Any account older than 3 days can add a pool here, feel free to modify this. /r/CUDAManager: Provides additional features to miners, but to also makes it easier for a new user to start mining and get involved with the cryptocurrency world.GUIminer: A tool combining all types of miners, coming with a graphical interface.CPUminer: Mining tool for CPUs only, considered better for most than CGminer.CUDAminer: Mining tool mainly for Nvidia systems.CGminer: Mining tool for all systems, for CPU, Nvidia and ATI.Need help setting up a batch file for windows mining? - Generate your batch file ASIC Mining chart comparison: Information on ASICs and their profitability. ![]()
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