FLS today launches the Accelerate ’31 strategy, marking the next phase of FLS’ development and with the aim of accelerating profitable growth towards 2031.
The ambition is to become the preferred performance partner in mining by improving customer performance across the mineral-processing flowsheet and throughout the mine lifecycle.
By developing deeper lifecycle partnerships, FLS aims to capture a greater share of customer spending, increase recurring aftermarket revenue and build an even more resilient earnings profile. The opportunity is supported by an attractive underlying industry outlook. Further, the strategy is building on FLS’ leading technology positions, global installed base, and established customer relationships.
Accelerate ’31 is built around four strategic priorities designed to drive the growth journey. FLS will (1) expand its commercial coverage from approximately 500 to the world’s Top 1000 mines, (2) grow its global service network to increase customer proximity, (3) accelerate customer-driven innovation focused on measurable improvements in productivity and sustainability, and (4) transform the supply chain through greater standardisation and simplification to improve cost, speed, and delivery.
Together, these priorities are intended to strengthen FLS’ technology and market positions, deepen lifecycle relationships and ultimately deliver profitable growth throughout the strategy period until 2031.
To further accelerate the strategy, FLS will selectively pursue bolt-on M&A. Acquisitions must meet FLS’ criteria for strategic fit, asset quality, and attractive financial returns.
“Accelerate ’31 marks an exciting new phase for FLS. We see significant opportunities to create more value for our customers by building on our strong technology positions, expanding our reach and developing deeper lifecycle partnerships. By getting closer to our customers and combining our technology, process expertise and service capabilities throughout the mine lifecycle, we can improve customer performance and create more recurring value for FLS. Combined with continued innovation, stronger execution and disciplined capital allocation, our ambition is to deliver profitable growth, a more resilient earnings profile, stronger cash generation and sustainable shareholder value”, says Toni Laaksonen, CEO of FLS.
