Linde stabilises profitability


Measures taken by The Linde Group are having an effect, and the CEO believes the company will experience a better business development in the second half of 2009, compared to the first.

At group level, the operating margin was 20.2% in the first six months of the year, compared to 20.1% in the same period of 2008. Adjusted for one-off restructuring costs of €67m, the operating margin was 21.4%.

In the course of the global economic crisis, group sales fell by 12.5% in the first half of 2009 to €5.476bn, compared with the record figure achieved in the first half of 2008 of €6.256bn.

Group operating profit for the six months to 30 June 2009 was €1.104bn, 12.2% below the previous year figure of €1.258bn.

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