The Linde Group saw positive business trends in the first quarter of 2018. After adjusting for exchange rate effects and for the impact of the first-time application of new accounting standard IFRS 15, revenue rose by 1.4% compared with the first quarter of 2017.
“We have continued to grow and have achieved a substantial increase in our profitability,” said Professor Dr. Aldo Belloni, CEO of Linde AG. “The significant improvement in our group margin is the result of the efficiency measures we have introduced, continued portfolio optimisation and good macroeconomic conditions.”
In the first quarter of 2018, group revenue from continuing operations fell by 7.8% to €4.044bn ($4.940bn) (2017: €4.385bn ($5.357bn)). Exchange rate effects were the main reason for this decrease. In addition, the first-time application of IFRS 15 had a negative impact on revenue. After adjusting for exchange rate effects arising solely on translation and for the impact from the first-time application of IFRS 15, group revenue was 1.4% above the figure for the prior-year period.
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