Linde proves resistant to crisis
Performance indicators for the 2009 financial year demonstrate that The Linde Group has been comparatively successful at cushioning the impact of the global financial and economic crisis.
Group sales were €11.211bn, 11.5% down on the previous year figure of €12.663bn. Group operating profit, however, declined at a slower rate.
Linde achieved Group operating profit of €2.385bn, only 6.7% below the previous year figure. The Group operating margin rose as a result to 21.3% (2008: 20.2%).
Earnings before tax (EBT) were €838m, €168m below the previous year figure of €1.006bn. After adjusting for restructuring costs of €83m and the profit on disposal of businesses of €59m achieved in 2008, the decline was only €26m or 2.7%.
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