Linde reveals forecast adjustment


The Linde Group has revealed an adjustment to its medium-term targets for 2017, tempering its expectations for Return on Capital Employed (ROCE).

The announcement was made pursuant to Section 15 of the German Securities Trading Act (WpHG).

It saw Linde inform that from today´s perspective it will not achieve the target for 2017 of ROCE of 11-12%, and now expects ROCE to be between 9-10%.

Further, the targeted group operating profit for 2017 of €4.5bn to €4.7bn ($4.7-4.9bn) is also not achievable, it said, and is actually expected to come in between €4.2bn to €4.5bn ($4.4-4.7bn).

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