The Linde Group has revealed a mixed bag of results for the nine months to 30th September 2014, though the overall takeaway was an increase in revenue and a performance described by CEO Dr. Wolfgang Büchele as having ‘held our own pretty well’.
While a slight increase in group revenue was achieved despite unfavourable exchange rate effects, group operating profit, on the other hand, was not as high as the figure achieved in the first nine months of 2013.
The first nine months of 2014 saw Linde achieve a slight increase of 0.9% in group revenue to €12.584bn (2013: €12.468bn). Exchange rate effects are understood to have had a significant adverse impact on revenue, especially in first half 2014. In the third quarter, the exchange rate effects became less unfavourable to Linde and after adjusting for these, the increase in revenue in the first nine months of 2014 was 4.8%.
... to continue reading you must be subscribed
