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.
In the first quarter of 2014, Linde achieved a slight increase in group revenue of 1.5% to €4.045bn, when compared to the figure for the first quarter of 2013 of €3.985bn. Exchange rate effects significantly slowed growth. After adjusting for these effects (which equate to revenue of €215m), the increase in revenue was 7.3%.
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