The Linde Group delivered a solid performance in the 2016 financial year, achieving increases in both group revenue and group operating profit after adjusting for exchange rate effects.
In the results released today, the company revealed that its performance was hampered by the lower contribution made to revenue by the Engineering Division in 2016 compared with 2015, as well as by adverse exchange rate effects.
Group margin did increase, however, and the company enjoyed a strong fourth quarter (2016) in particular, as reflected by returning CEO Professor Dr. Aldo Belloni.
“Despite the low price of oil and the economic headwind, we were able to meet expectations and achieve increases in revenue and earnings after adjusting for exchange rate effects, especially in a strong fourth quarter,” he said.
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