In the first half of 2014, the technology company The Linde Group generated virtually the same amount of revenue as in the first half of 2013.
Group operating profit was not quite as high as in the prior-year period. “We have proved our stability, although reported growth was again hampered by unfavourable exchange rate effects,” said Dr. Wolfgang Büchele, Chief Executive Officer of Linde AG.
Linde believes that it is still on track for the full year 2014 and confirms its previous outlook. “In the current financial year, we expect to achieve solid growth in revenue and a moderate improvement in Group operating profit – after adjusting for exchange rate effects,” continued CEO Büchele.
In the first half of 2014, Linde generated group revenue of €8.212bn (2013: €8.207bn). As in previous quarters, fluctuations in exchange rates had a significant adverse impact on growth trends. After adjusting for exchange rate effects (which equate to revenue of €428m), the increase in revenue in the first half of 2014 was 5.6%.
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