SOURCE: The Linde Group
Linde AG: January to March 2014: Linde Achieves a Slight Increase in Revenue - Growth Slowed by Exchange Rate Effects.
-Group revenue: EUR 4.045 bn (2013: EUR 3.985 bn);
up 7.3 percent after adjusting for exchange rate effects.
- Group operating profit : EUR 927 m (2013: EUR 953 m);
up 2.8 percent after adjusting for exchange rate effects.
- Operating cash flow: EUR 594 m; up 13.8 percent.
-2014 Group outlook confirmed: After adjusting for exchange rate effects: solid revenue growth, moderate improvement in operating profit.
Munich, 6 May 2014 - The technology company The Linde Group achieved a slight increase in Group revenue in the first quarter of 2014 when compared with the first quarter of 2013. Group operating profit was not quite as high as the figure achieved in the prior-year quarter. "We have made a rather modest start to the new financial year," said Professor Dr Wolfgang Reitzle, Chief Executive Officer of Linde AG. "Economic growth is still anything but strong. Exchange rate effects also continued to have an adverse impact on our business performance."
Linde believes that it is still on track for the full year 2014 and confirms its previous outlook: "After adjusting for exchange rate effects, we expect to achieve solid growth in revenue and a moderate improvement in Group operating profit in the current financial year," declared CEO Reitzle.