Messer, the largest privately managed industrial gas specialist, has announced that it has exceeded its financial targets for the business year of 2013.
Messer has posted consolidated sales of €1.027bn and an operating profit (EBITDA) of €231m for the 2013 financial year. In spite of a project-related decline in sales of around €62m, the industrial gases manufacturer has exceeded the financial targets it had set itself for 2013 – including EBITDA of €220m.
In 2013, the Messer Group invested a total of €197m in the expansion of production capacities and distribution channels. Besides further diversification of its business in China, the main focus of investment was the start-up of new gas production facilities in Vietnam, France, Austria and Spain. Investments were thus increased by €13m compared with 2012.
Following strong growth in recent years, economic development is now stagnating in many European countries, and even China is experiencing a slow-down in economic growth.
... to continue reading you must be subscribed
