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Linde’s 2015 results: What impact of low oil prices?

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The Linde Group’s newly released 2015 results show a group revenue rise of 5.3% to €17.9bn and a similar increase in operating profit, up 5.4% to €4.1bn.

Positive exchange rate effects, particularly in the first six months of the year, belied an actual 2.3% decline in group revenue, however, compared to the prior year.

With revenue in the Gases Division up 2.1% after adjusting for exchange rate effects and changes in the price of natural gas, the year-on-year weakening in group revenue was attributed to a fall in revenue in the Engineering Division from the record level achieved in 2014.

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