The Linde Group’s accounts for Q1 2007 show significant increases in sales and operating profit and confirms the groups short-term and medium-term forecasts.
$quot;We have successfully completed the reorganisation of the Group and in the new set-up we made a dynamic start to the 2007 financial year$quot; declared Professor Wolfgang Reitzle, chief executive officer of Linde AG. $quot;We are growing at a faster rate than the market and are well on the way to meeting our short-term and medium-term targets in full.$quot;
The Linde Group confirms its previous forecast for the full year 2007: Group sales and earnings are once again expected to exceed prior year figures. Linde has set itself a medium-term target of achieving a Group operating profit for the 2010 financial year of more than €3bn. The synergies arising from the BOC acquisition should have a positive impact here.
Group sales in the three months ending 31 March 2007 rose 9.4 percent to €2.9bn ($3.9bn). The Linde Group also continued to grow its earnings. Operating profit (EBITDA*) in the first quarter rose to €569 m ($774m). This represents an increase of 10.1 percent.
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