Linde ‘well on the way to achieving targets’ after solid first quarter


Technology company, The Linde Group, has confirmed that it is set to attain Group goals for 2011 after revealing profitable growth in the first quarter of 2011.

In light of the recent fiscal report, Professor Dr Wolfgang Reitzle, CEO of Linde AG, commented, “We have again seen profitable growth and are well on the way to achieving our targets. We confirm our Group outlook and expect to achieve higher levels of Group sales and Group operating profit in the 2011 financial year than in 2010.”

He added, “We are well-positioned and will take full advantage of the opportunities available, especially in the environmental and energy sectors, the growth markets of Asia and the medical gases business.$quot;

In the first quarter of 2011, Group sales rose by 14.9% to €3.325bn, this contrasts with sales of €2.894bn which were obtained in the first quarter of 2010. Similarly, the firm has improved its profitability, achieving an 18.7% increase in Group operating profit to €761m. Meanwhile, operating profit was 22.9%, 80 basis points above the figure for the comparable prior-year period of 22.1%.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...