In its latest financials, Tier One corporation The Linde Group insists its nine month revenue figures and business performance are in line with expectations despite an equivocal set of results.
Overall, Linde posted total group revenue in the first nine months of 2016 of €13bn ($14.2bn) – a 4.3% drop below the revenue of the prior-year period of €13.6bn ($14.8bn). Operating profit also fell, declining by 2.3% to settle at €3.1bn ($3.4bn).
Linde attributes these decreases to a lower contribution in both revenue and earnings from its Engineering Division as well as adverse exchange rate movements.
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