Technology company The Linde Group has reported group revenue of €8.560 billion, a decrease of 5.3% when compared with the figure for the first half of 2015 of €9.036 billion. After adjusting for exchange rate effects arising solely on currency translation, the fall in revenue was 1.6%, the company says. Linde achieved group operating profit of €2.017 billion, down 4.1% from €2.104 billion in the first half of 2015. After adjusting for exchange rate effects, group operating profit was a similar figure to that seen in the first six months of 2015, down by 0.5%.
‘We have a solid first half-year behind us, completely in line with our forecast. However, the economic environment is continuing to present us with challenges,’ said Dr Wolfgang Büchele, CEO of Linde AG. ‘To meet those, we are actively driving efficiency measures.’
The group is expecting to achieve an increase in revenue and earnings in the 2016 financial year of 4% after adjusting for exchange rate effects, although the challenging market environment could result in a decrease of up to 3%.
This story uses material from Linde, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.