Linde reports “strong” Q1 results


Linde continues to successfully navigate the coronavirus (Covid-19) crisis, its CEO Steve Angel says as the industrial gas giant today released “strong” first quarter 2020 results.

Group income from continuing operations for the first quarter was $571m. Excluding Linde AG purchase accounting impacts and other charges, adjusted income from continuing operations was $1.09bn, up 9% versus prior year.

Linde’s sales for the first quarter were $6.73bn, 1% above prior year, excluding negative currency translation and cost pass-through.

Linde said price improved 2% and was attained across all geographic segments, but was partially offset by volume decrease of approximately 1% due mainly to the impact of the Covid-19 pandemic.

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