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
exchange rate effects)
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
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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