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Linde Reports Improved Earnings on Higher Demand
12:59 PM MDT | May 4, 2010 | Kerri Walsh
Linde's first-quarter results benefited from improved demand, the company says. Net income rose 72%, to €198 million, on sales up 7%, to €2.9 billion. Operating profit jumped 19%, to €641 million. "It looks like the worst is behind us," says CEO Wolfgang Reitzle. "Towards the end of the first quarter in particular, we noticed a marked revival in demand," Reitzle says. The gases division reported a 15% jump in operating profit, to €625 million, on sales up 9%, to €2.3 billion. Linde says profits rose...
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