In the first quarter of 2015, the technology company The Linde Group benefited significantly from the weakness of the euro, which led to increases in its group revenue and operating profit.
“In some regions of the world, industrial production was much lower in the first few months of the year than we had expected. However, this was more than offset by positive exchange rate effects,” said Dr. Wolfgang Büchele, Chief Executive Officer of Linde AG.
“As anticipated, the low price of oil has resulted in a cautious investment climate in large-scale plant construction,” explained Büchele.
Depending on future economic trends and exchange rate movements, Linde continues to expect to achieve group revenue of between €18.2bn and €19.0bn in the full year 2015. It anticipates that it will achieve an increase in group operating profit (after adjusting for non-recurring items) in 2015 to between €4.1bn and €4.3bn.
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