IHS Chemical Week

Markets :: Industrial Gases

Lincare acquisition boosts Linde's earnings and sales; more cost-cutting planned

11:12 AM MDT | October 29, 2012 | Ian Young

Linde reported an 8% increase in net profits for the third quarter of 2012, compared with the corresponding period of last year, to €313 million on sales up 13%, to €3.9 billion. Net profits were ahead of analysts' consensus forecasts of €290 million-€295 million and sales were broadly in line with consensus forecasts. Linde's earnings per share, adjusted for the acquisition last August of home health-care company Lincare Holdings, were €1.89, also in line with forecasts. The Lincare deal, as well as Linde's acquisition early this year of...

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