Linde half-year earnings in line with expectations

  Company financial news

Technology company The Linde Group generated earnings in line with expectations in the first six months of 2016 in a market environment which remains challenging. Group revenue was EUR 8.560 bn, a decrease of 5.3 percent when compared with the figure for the first half of 2015 of EUR 9.036 bn.

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Linde half-year earnings in line with expectations
After adjusting for exchange rate effects arising solely on currency translation, the fall in revenue was 1.6 percent. Linde achieved a Group operating profit of 
EUR 2.017 bn, down 4.1 percent from EUR 2.104 bn in the first half of 2015. After adjusting for exchange rate effects, Group operating profit was a similar figure to that seen in the first six months of 2015, down by 
0.5 percent. The Group operating margin rose from 23.3 percent to 
23.6 percent. Contributing to this improvement were the efficiency measures introduced in 2015. There was a positive trend in operating cash flow in the first half of 2016. At EUR 1.634 bn, this was 3.2 percent above the high figure achieved in the prior-year period.
"We have a solid first half-year behind us, completely in line with our forecast. However, the economic environment is continuing to present us with challenges. To meet those, we are actively driving efficiency measures," said Dr Wolfgang Büchele, Chief Executive Officer of Linde AG. 
The group is expecting to achieve an increase in revenue and earnings in the 2016 financial year of 4 percent after adjusting for exchange rate effects, although the challenging market environment could result in a decrease of up to 3 percent.

Gases Division: Revenue continues to increase on a comparable basis 
Revenue in the Gases Division for the first half of 2016 was EUR 7.327 bn, which was 3.0 percent below the figure for the first half of 2015 of 
EUR 7.554 bn. On a comparable basis (after ...

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