Higher Selling Prices and Sales Lift First-Half European Chemical Earnings

Several more European chemical companies reported improved first-half earnings compared to the year-ago period, excluding special items. Higher selling prices, cost controls, and improved sales drove the increases, companies say. Linde’s net income more than doubled, to €614 million ($834.1 million), on sales up 13%, to €5.9 billion. The company’s gases division reported Ebitda up about 11%, to €1.1 billion, on sales up 8%, to €4.6 billion. Emerging markets drove sales and earnings growth, Linde says. The company says it expects...

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