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    Linde AG  315  0 Kommentare January to March 2016: Linde starts the year with stable revenue and earnings trends after adjusting for exchange rate effects

    DGAP-Media / 29.04.2016 / 07:30

    Press release

    January to March 2016: Linde starts the year with stable revenue and
    earnings trends after adjusting for exchange rate effects

    - Group revenue: EUR 4.262 bn (down 0.3 percent after adjusting for
    exchange rate effects)

    - Group operating profit : EUR 991 m (up 0.6 percent after adjusting for
    exchange rate effects)

    - Operating cash flow: EUR 883 m (up 19.3 percent)

    - Group outlook for 2016 confirmed

    Munich, 29 April 2016 - The technology company The Linde Group delivered a
    stable business performance in the first quarter of 2016 after adjusting
    for exchange rate effects. Linde also achieved a significant increase in
    operating cash flow in the first three months of the year.

    "We are able to report a stable start to the year, in line with our
    forecasts," said Dr Wolfgang Büchele, Chief Executive Officer of Linde AG.
    The Group is expecting to achieve an increase in revenue and earnings in
    the 2016 financial year of 4 percent after adjusting for exchange rate
    effects, although the challenging market environment could result in a
    decrease of up to 3 percent.

    The Linde Group: Revenue and earnings trends affected by adverse exchange
    rate effects - Strong cash flow
    In the first quarter of 2016, Group revenue fell by 3.1 percent to EUR
    4.262 bn, when compared with the figure for the first quarter of 2015 of
    EUR 4.398 bn. Operating profit dropped by 1.9 percent to EUR 991 m (2015:
    EUR 1.010 bn). The main factors contributing to this decline were adverse
    exchange rate effects and the expected lower contribution to revenue and
    earnings made by the Engineering Division. The initial impact of price
    reductions on revenue in the Healthcare business in North America as a
    result of government tenders was offset by the consolidation for the first
    time of American HomePatient. After adjusting for exchange rate effects
    which arise solely on translation, Group revenue was 0.3 percent below the
    figure for the prior-year period. After adjusting for exchange rate
    effects, Group operating profit rose by 0.6 percent, a small increase on
    the figure for the first three months of 2015. The Group operating margin
    for the first quarter of 2016 was 23.3 percent, which was slightly higher
    than the figure of 23.0 percent for the first three months of 2015.

    Once again during the period there was a very positive trend in operating
    cash flow. In the first quarter of 2016, it increased by 19.3 percent to
    EUR 883 m (2015: EUR 740m). This substantial increase was mainly due to a
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    Linde AG January to March 2016: Linde starts the year with stable revenue and earnings trends after adjusting for exchange rate effects DGAP-Media / 29.04.2016 / 07:30 Press release January to March 2016: Linde starts the year with stable revenue and earnings trends after adjusting for exchange rate effects - Group revenue: EUR 4.262 bn (down 0.3 percent after adjusting for …