Continuing this week’s fiscal announcements, the global industrial gas firm, The Linde Group has publicised positive fiscal results and further reiterated the strength of the industrial gas sector.
For the third quarter of 2011, ended 30th September, the company announced an 8.5% increase in group sales to €10.209bn. Group operating profit also increased by 10.2% to €2.363bn, while the group operating margin rose to 23.1%. According to the firm this was largely thanks to the implementation of its High Performance Organisation (HPO) programme.
Professor Dr Wolfgang Reitzle, CEO of Linde AG reflected on the results, $quot;We are still expecting to achieve a higher level of Group sales and Group operating profit in the 2011 financial year than in 2010. Even if economic activity loses a little pace, we continue to see good growth opportunities for our business, especially in energy and the environment and in the emerging economies.”
Earnings before tax (EBT) were also on the incline, appreciating 18% to €1.003bn. Earnings after tax rose by 20.7% to €903m. Consequently, earnings per share (EPS) increased by 21.5% to €5.02. On an adjusted basis, earnings per share stood at €5.68.