Despite first quarter earnings showing a decline in sales and profit, The Linde Group claims it is relatively stable and will continue with its prudent approach.
The technology group saw relatively steady trends in the first quarter of the 2009 financial year against the background of a significant weakening in the global economy.
After adjusting for exchange rates in every case, group sales were down by 5.3% to €2.695bn, compared to the previous year Q1 period.
In the Gases Division, sales in the first quarter fell by 3.5% to €2.157bn; on a comparable basis, i.e. if changes in the price of natural gas and changes in group structure are also taken into account, the fall in sales was 4.4%.
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