The Linde Group’s first quarter financial results continue mixed trend in unstable economy
The Linde Group’s 2016 Q1 earnings unveiled today are “stable” according to the industrial gas company, with revenue generally remaining flat across the board, although a slight downward trend rings true throughout.
Dr Wolfgang Büchele, CEO of the German business, delivered a simple message which attempts to smooth over the rough results, saying, “We are able to report a stable start to the year, in line with our forecasts.”
The first quarter results show that overall, group revenue fell by 3.1% to €4.3bn ($4.9bn), compared to the same period last in 2015 when total revenue for the quarter was €4.4bn ($5bn). The corporation attributed this slump to adverse exchange rate effects.
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