In the midst of “challenging” market environments, industrial gas giant The Linde Group announced 2016 half-year financial results that fall “in line with expectations,” despite revealing equivocal results across its individual business units.
Down across all business segments except in its Americas segment, overall group revenue totalled €8.56bn ($9.4bn) – a decrease of 5.3% compared to 2015’s half-year earnings – but after adjusting for exchange rates effects stemming from currency translation, the fall in revenue settled at 1.6%.
Operating profit also took a hit – down by 4.1% to €2.01bn ($2.2bn) – but remained relatively similar to the first six months of 2015 after adjusting for exchange rate effects.
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