After a week of positive quarterly financial results, the Linde Group publicised double-digit growth, and in doing so, confirmed the strength of the industrial gases sector as a whole.
Linde has reported profitable growth in the first half of 2011. Professor Dr Wolfgang Reitzle, CEO of Linde AG, commented, “We are well on our way. We’ve seen a strengthening of demand in both our gases business and our engineering business worldwide.”
“We will continue to benefit from the growth areas energy and health and from consistently dynamic trends in the emerging economies especially in Asia. We confirm our outlook and expect to achieve growth in Group sales and Group operating profit in the 2011 financial year compared with the prior year,” continued Reitzle.
Linde saw Group sales rise by 11% to €6.104bn. The firm’s operating margin rose still further, to 23%, while Group operating profit increased 11.7% to €1.559bn – as compared with €1.396bn during the same period of the prior year.
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