The Linde Group’s 2016 Q1 earnings unveiled today are “stable” according to the industrial gas company, with revenue generally remaining flat across the board, although a slight downward trend rings true throughout.
Dr Wolfgang Büchele, CEO of the German business, delivered a simple message which attempts to smooth over the rough results, saying, “We are able to report a stable start to the year, in line with our forecasts.”
The first quarter results show that overall, group revenue fell by 3.1% to €4.3bn ($4.9bn), compared to the same period last in 2015 when total revenue for the quarter was €4.4bn ($5bn). The corporation attributed this slump to adverse exchange rate effects.
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