For the 9 month period from January to 30th September 2007, the Linde Group has announced double-digit increases in sales and operating profit, continuing its positive performance from the first 6 months of the year and emphasising the success achieved in the reorganisation of the company.
Third quarter results indicate group sales rose by 18.6% to €3.07bn and operating profit experienced a rise of 20.7% to reach €612m, while on the 9 month basis group sales increased by 14.7% to reach €8.958bn and operating profit stood at €1.770bn, representing an increase of 16.7%.
Such dynamic growth is sure to be a welcome boost as the company maintains its medium-term objective of achieving operating earnings of over €3bn in the 2010 financial year.
Wolfgang Reitzle, CEO of Linde AG, commented, “More than a year after our acquisition of BOC, I am happy to say that our position is robust and weatherproof. The Group reorganisation has been successful and we are much stronger now as we approach the tasks ahead. At Group level, we are expecting to achieve sales of more than €12bn and operating profit of €2.3bn to €2.4bn.”
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