IHS Chemical Week

Linde reports increase in profits lowers full-year forecast

12:08 PM MDT | October 29, 2013

Linde today reported a 3% increase in adjusted third-quarter net profit to €356 million ($490.4 million) on 5% higher revenues of €4.26 billion. Operating profit was 8.5% higher at €1.03 billion and operating margin advanced from 23.5% in the third quarter of last year to 24.2% in the corresponding period of 2013. The company reported an 11.8% increase in operating profit for the first nine months to €2.996 billion on 9% higher sales of €12.5 billion. Linde has lowered its full-year operating profit target, however, because of unfavorable exchange rate...

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