Linde recorded an operating profit of $9.1bn in 2023 and $2.3bn operating profit in the fourth quarter.
Full-year sales totalled $32.9bn, down 2%, while quarterly sales came in at $8.3bn, up 5% year-on-year.
Sanjiv Lamba, CEO, said, “Despite the challenging environment in 2023, the Linde team once again delivered industry leading results including a 25.4% ROC, 27.6% operating margin and EPS growth rate of 16%.”
He added it closed the year with an $8.5bn project backlog which will contribute earnings growth “for years to come”.
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